I’d like to invest in a business, one that offers low interest loans for veterinary bills?

Are there any other pet health care funding organizations? I’ve got some money to invest. Two years ago, a friend with OK credit and not much credit had a sick pet. She ended up financing this on a credit card with 24% interest! The amount was over $2,000. When she told me, I loaned her the money at only 6% interest. She was going to have to make payments of about $78 per month for 3 years. My loan only cost her $72 per month and it took only 2.5 years to pay off. She’s nearly done. Her pet is still fine and she’s not in deep debt for owning and loving a pet…
Surely there’s people out there that will not take advantage of pet owners when they are vulnerable and in need of a loan. Thanks for sharing your experiences.

I think the high interest reflects the high risk of the enterprise. When the animal requires emergency treatment the owner with no established line of low interest credit previously,no savings for just this type of occurrance,and presumably not in good standing with the pay-day loan people also high interest,due to non-employment or other,no family or unwilling- to- loan- money family(one must wonder why) and last but not at all least! no investment in low cost pet insurance plans…When you find yourself desiring to help this person( who was responsible) and others in this situation…mainly the animals owned by the sometimes irresponsible people who cannot afford or plan for the health care needs of their pets…not that this is always the case…and of couse it may be a young person or someone who has just not considered the real cost of pet ownership whose” heart is in the right place” and this is one of the reasons that so many millions of innocent animals are put to death , abandoned ,neglected,or taken to the pound every year…perhaps someone knew that person couldn’t afford to buy a pet so they got one for free…and this is a possible result…do not perpetuate or support this mess…I dislike that we have so many laws but something should be done… often people do not repay the loans and this is why the vet no longer can just bill us and we all have to pay up front ,and we all end up paying for the care of the irresponsible pet owners bills through higher bills for the ones who do pay….haven’t you noticed,as this is a factor of what your friend experienced? Support some initiative for mandatory pet health insurance if you own a pet. Or go into a low cost pet health insurance business that is offered with the pet’s first shots; even though this is already being done… maybe yours could be offered through a pet food store. What do you think of this? Or initiate/get involved in some philanthropic venture to provide therapy pets complete with paid health insurance to the shut in ,or disabled or elderly that are lonely and in great need of the comfort of a pet and truly on a low ,fixed income, this could work hand in hand with pet rescue groups to give good homes to animals that would have been put to death. You sound like a wonderfully good hearted person and I truly hope you find a satisfying investment that can help make the world a better place.

The HAPPY Act to provide tax credit for pet and veterinary care by U.S. Rep. Thaddeus McCotter

Comments are closed