Loan Amount: $60,000
Purpose: Debt refinancing
Service: Dental debt refinancing
Finding the Right Time to Revisit Financing
My name is Dr. Hiro M., and a few years ago, I first spoke with IMS Financial about financing options for my practice.
At that time, I decided to hold off.
Later, my financial needs changed. I was carrying high-rate credit card debt and wanted to find a better way to manage it. So, I reached back out to IMS Financial to see what options were available.
“I knew I needed to take another look at my finances,” I shared. “This time, I was ready to explore my options.”
A Change in My Credit Profile
When I contacted IMS Financial again, I had recently experienced a drop in my credit score. A late mortgage payment had affected my credit profile.
Because of this, I was not sure what financing options would be available to me.
However, IMS Financial took the time to review my entire situation. They looked beyond my personal credit score and considered the strength of my corporate entity.
That made a big difference.
Finding a Solution for My Existing Debt
After reviewing my business and financial profile, IMS Financial was able to secure approval for $60,000 in dental debt refinancing.
The financing allowed me to restructure my existing high-rate credit card debt into a more manageable solution.
“I appreciated that they looked at the bigger picture,” I said. “They didn’t make a decision based on one number.”
As a result, I was able to move forward with a financing solution that better fit my current situation.
The Results: A Better Way to Manage Debt
With the new financing in place, I was able to:
- Refinance existing high-rate debt
- Replace expensive credit card balances
- Improve the structure of my debt
- Reduce some of the financial pressure on my practice
- Move forward with greater confidence
Most importantly, I found a financing partner that was willing to understand my business rather than focus only on my credit score.
Why I Chose IMS Financial
My experience with IMS Financial showed me that timing matters when it comes to financing.
I wasn’t ready to move forward the first time we spoke. A few years later, my needs had changed, and I decided to take another look.
This time, IMS Financial helped me find a solution that worked for my practice.
If you’re carrying high-rate debt or dealing with changes in your credit profile, it may be worth exploring your options. Your credit score is important, but it may not tell the whole story.
Explore More Dental Financing Success Stories
Every dental practice has a different financial situation. Read more dental financing success stories to see how other dentists have used financing to restructure debt, improve cash flow, purchase equipment, and support practice growth.
