Pine Tree Recovery Center has a relationship with M-Lend Financial
that may be able to help cover the cost of treatment for clients who are uninsured or under-insured. Clients and their families may be able to obtain interest-free financing for one year or low-interest fixed rate financing for two years (eligibility for either is determined by the lending company). Speak with one of our admissions team members about how to set up a consultation.
Look into acquiring a personal medical loan from your bank or financing company.
Some financing companies actually specialize in medical costs, and attending medical detox or inpatient drug or alcohol rehab is definitely considered a legitimate medical expense. Many times, those who provide a personal medical loan will work with you to limit accrued interest. These loans are available without any collateral.
Your bank or financing company may also be able to offer you a medical loan with collateral. While you will have to prove that you are in good financial standing, have had a viable source of income for at least the past several years and have a good credit score, interest rates are typically much lower (or non-existent, depending on your personal bank or credit union). If you are unsure which option would be better – a personal medical loan or an unsecured personal medical loan – reach out to us for further guidance and advice.
Seek a private loan from a trusted friend or family member.
Asking a close friend or relative for a personal loan is a good option if you still have some trusted and financially capable people in your corner. However, active alcoholism and drug addiction tends to make people behave in ways they would never normally behave – and this erratic behavior frequently includes stealing money in order to continue supporting their habit. If you engaged in manipulation to obtain funds while active in your addiction seeking a personal loan from a loved one might not be the best route. Remember that it takes time to rebuild trust. If your addiction has not caused too much damage to your interpersonal relationships and you are serious about and dedicated to your recovery, this is a good option – seeing as personal loans are generally interest free and you will be able to acquire all of the finances at one time.
Special, interest-free loans that can be put towards offsetting treatment costs.
Our financial advisers will work with you to determine the best course of action. Some individuals may be eligible for special loans that offer financial assistance and no interest. Such loans can be put towards the cost of your insurance deductible or the amount you are self-paying. The application is fast and simple, and we will walk you through the process every step of the way.