Managing your Vet Bills: Could Personal Loans Help?

Keeping your pet fit and healthy is crucial – but it can also be a very costly endeavor in some instances. Depending on the type of animal you have, and that pet’s disposition, you might find yourself facing a number of expensive vet bills during the course of your furry friend’s life.

Unfortunately, most of us today are struggling to make ends meet. That means that we’re living from month to month, trying to find a way to cope with the costs of things like utility bills and energy expenses. The last thing that we need is an expensive vet bill to come up and steal away some of our extra cash. If you’ve got no money left in your budget to help you look after your pet – what do you do when vet bills come knocking?

Here, we’re going to look at some of the solutions that could make managing vet expenses a little easier.

Start by Looking at Pet Insurance

One of the easiest ways to manage your vet expenses, is to begin looking into pet insurance. Pet insurance policies can ensure that you’re prepared with money in the bank that you can use to look after your pet when something goes wrong. Although we all feel a little reluctant about paying out for policies that we may, or may not need to use, having cover to fall back on should the worst happen is crucial to putting your mind at ease.

The good news is that pet insurance is often very affordable, and as vet bills continue to rise, paying out for even basic cover could work out much cheaper in the long run in managing expenses should your pet fall ill. Most pet insurance policies will also provide cover for third-party liability and most will offer compensation for the loss or death of a pet.

Additionally, some policies can cover the cost of advertising for a lost pet, boarding fees if owners are hospitalized, and compensation if a vacation needs to be cancelled as a result of a pet falling ill.

Charity Help for Pet Bills

If you’re having trouble paying for the costs of your vet bills alone, then you may be able to reach out to help from a charitable organisation. If you’re on a low income, receive certain benefits, or are retired, you could find that you get additional help towards the costs of your veterinary care.

For instance, the PDSA treat animals that need help and belong to people who receive things like council tax support and housing benefit. Treatment will be free, although the PDSA does ask that pet owners give contributions or donations when they can.

You can speak to your vet about the options that might be available to you in terms of charity-based help. If you don’t qualify for any help from a registered charity, then your vet might agree to help you spread the costs of treating your animal over a set period of time. This could mean that you have an easier time of making repayments according to when you receive your wages. A lot of vets are very nice about dealing with expense and finance problems, so don’t be afraid to reach out to them for help if you need it.

Getting a Personal Loan

If you feel as though there’s nothing you can do to get help when it comes to paying for vet bills for your animal, then you may need to think about other ways that you can reduce the problems that come with paying your vet bills. For instance, if your vet can’t spread the cost of treatment over a period of months for you, then you might be able to get a personal loan that allows you to do this yourself. For instance, with a personal loan, you can cover the full cost of treatment immediately, and then follow up by making repayments at a time that’s suitable for you.

If a personal loan isn’t the right option for you, you could also consider using a 0% purchases card, which would give you the opportunity to pay the costs of your vet bills over a number of months. Depending on the other options that are available to you, lending the money that you need to deal with veterinary expenses can be the best way to ensure that your furry friend receives the medical attention that he or she needs as quickly as possible.
Remember, if you do choose to get a personal loan, you should make sure that you take the time to compare all of the different options available to you to ensure that you’re getting the best deal. Don’t’ simply go with the first bank willing to offer you a loan, as this can lead to higher-than-usual interest rates.