Infertility treatment financing options do exist for people with bad credit. You have to know where to look, and take steps prior to conception to secure your income so that you do not make matters worse.

Borrowing money so that you can lose income during maternity leave is risky.

Unbelievably, some couples can also use a common employee benefit program to get an interest free infertility loan that requires no credit checks, and can never stain your consumer report.

Complete an application form for medical loans with high approval rates.
  1. Create financing security before beginning your next cycle
  2. Leveraging an interest free loan that requires no inquiries

Infertility Financing Bad Credit Options

Many infertility treatment-financing options are a recipe for bad credit. Either couples start out with a poor payment history, or they may end up with one later on. When mom conceives, a family experiences increased expenses, coupled with lost income.

Lock in financing security by purchasing supplemental insurance for infertility treatments prior to conception.

In Vitro Fertilization

Financing In Vitro Fertilization (IVF) with bad credit is very tricky do to the high cost of this medical procedure. Each IVF cycle averages fifteen thousand dollars, and couples often need multiple cycles with no guarantees of bringing home a baby.

Read more about paying for IVF in another section of this site.

Financing Security

Any financing program requires a future income stream in order to make the monthly payments in a timely manner. An increase in expenses may hamper a couple’s ability to repay the balance. Lost income during maternity leave compounds the problems.

Do not assume that your state will automatically replace your income, or that your job is secure during a high-risk pregnancy, or while on maternity leave. Federal family leave laws provide unpaid leave, and do not apply to everybody.

Some states provide additional protections, but most do not.

  • California – does provide generous income, and job protection benefits
  • Colorado – nothing
  • Florida – nothing
  • Georgia – nothing
  • Illinois – nothing
  • Michigan – nothing
  • Missouri – nothing
  • Minnesota – nothing
  • New Jersey – provides generous income, and job protections
  • New York – provides only $170 per week income replacement benefit
  • North Carolina – nothing
  • Ohio – nothing
  • Pennsylvania – nothing
  • Texas – nothing
  • Utah – nothing

Finance Companies

People with bad credit histories sometimes have to look beyond the obvious to find infertility treatment financing options. As explained above, this market bears additional risks to companies.

  • Advanced Reproductive Care (ARC) provides infertility financing for couples using their professional services and fertility drugs. However, they do not provide the funding. They refer patients to partner companies.
  • Capital One publishes on its website that they are no longer accepting healthcare financing applications. Now you know why.
  • Springstone is a subsidiary of the Lending Club, which is an online marketplace, not a finance company.

The ultimate companies providing infertility treatment financing for people with poor credit histories do not identify themselves until you apply. Save yourself some time. Choose between three options.

  1. Installment loans that allow you to borrow up to $2,000
  2. Payday loans that provide high approval rates for people with bad credit
  3. Title loans all you to borrow up to $25,000 if you own a car
Complete an application form for medical loans with high approval rates.

Interest Free Infertility Personal Loan Program

If your employer offers Flexible Spending Accounts (FSA), you have an interest free infertility loan right under your nose. You have a rare opportunity to plan an unreimbursed medical expense at a time most convenient to you.

You elect to contribute $5,000 into two FSA plans for the year beginning January 1, and to make contributions of almost $100 per weekly over the next year. You undergo infertility treatments on January 1, incurring $5,000 or more in costs. The entire $5,000 is payable immediately by your employer – before you make your first contribution.

Your obligation is to continue making $100 contributions over the next twelve months directly from your paycheck. Your $100 weekly pretax payroll deduction reduces the amount you pay in FICA, Federal, and State income taxes. A family might reduce their total tax payments by 1/3 using an FSA.

Minus 50% Interest Rate

This is how a couple could get a $5,000 interest free infertility loan using their FSA. Only it is not interest free. The actual interest rates could be as low as -51% depending upon income levels of the family!

A couple saving 1/3 in taxes would need to earn $7,500 in gross income to have $5,000 to make in loan payments. That equates to almost a minus 50% interest rate. Is there a better deal anywhere else?

No Credit Checks

An FSA provides infertility treatment loans with no credit checks. Anyone working for an employer that offers flexible spending to its employees meets the underwriting qualifications. If both husband and wife have jobs where employers offer an FSA, you may be able to double the amount.

Employers will not run credit checks. Even if your FICO score is very low, you get the loan. If one or both employees leave before repaying the FSA account, it does not affect your credit score. Employers do not provide this information to the consumer-reporting agencies.

Military Members

Members of the military and their families currently do not have access to flexible spending accounts. The Defense Authorization Bill instructed the DOD to enable this option for military personnel, but had acted when this article was written.

Meanwhile any military personnel wounded during active duty may find some help. The TriCare health program may help make payments for selected infertility treatments if the wounds affect your reproductive organs.