BetterMed, the compassionate-first medical financial assistance company, today announced that it is expanding its medical loan services to include comprehensive financial assistance in the wake of the COVID-19 pandemic. According to the update, individuals, for a limited time, can apply for a zero-interest loan guaranteed for the life of the loan, with no payments required for the first year and up to 30 years to repay. Well-known for compassionate medical financing, BetterMed, amid the pandemic, wants to provide to individuals and small businesses a practical way to stay on their feet during turbulent financial times. “We work with over 12,000 medical practitioners around the world and knew from an early stage that COVID-19 was going to have a devastating impact on the global economy. As shelter-in-place orders took effect, we increasingly heard from individuals and businesses alike that they couldn’t sustain the loss of income. We knew we had an opportunity and a responsibility to help,” AJ Cohen, founder and CEO of BetterMed, said in the news release. “We are not taking any profit from these loans. Instead, we hope to do our part to keep the lifeblood of the economy – families and small businesses – afloat while they navigate changes brought on by the coronavirus pandemic.”
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About BetterMed
BetterMed is a global financial assistance company that provides holistic medical loans and debt consolidation, as well as additional financial services that include medical tourism and insurance dispute resolution. The company’s compassionate-first lending philosophy is evidenced by a 3.9% lifetime APR on all loans, the lowest interest rate on the market today, and borrowers have at least three years to pay loans back interest-free. BetterMed works with hospitals, doctors and individuals around the world, with a global team comprised of lenders, loan administrators and staff. Since its initial launch in 2011, the company has achieved at least 50% revenue growth year over year. BetterMed, a privately held company, is now available in 51 countries, including the United States, Canada, Mexico, the United Kingdom and Australia. To learn more about the company or apply for financial assistance services, visit www.BetterMed.com.
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