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Personal Loans

This is a photo of a person looking at bills and income statements. | Debt-to-income ratio

How Does Debt-to-Income Ratio Affect Doctors?

Medical, dental and veterinary professionals endure years of education and training to be well equipped to serve their patients. Despite the years of learning, doctors often graduate with little financial knowledge. This lack of knowledge can be detrimental to doctors’ long-term financial health. One financial concept that doctors will encounter often as they search for …

How Does Debt-to-Income Ratio Affect Doctors? Read More »

interest rate

What the Fed Rate Hike Means for Loans, Credit Cards & Savings

Inflation has reached a 40-year high, increasing 8.3% over the past 12 months. Americans have been feeling the effects of this with more costly groceries, gas, rent and more.  The Federal Reserve is aggressively raising rates in an attempt to slow spending, cool the economy and reduce the worst inflation since the 1980s. The Fed …

What the Fed Rate Hike Means for Loans, Credit Cards & Savings Read More »

credit check

Hard Credit Check vs. Soft Credit Check: What Doctors Need to Know

Hard credit checks are when a financial institution checks your credit before making a lending decision. These can negatively affect your credit score. Soft credit checks are when a company reviews your credit score for things such as background checks or pre-approved products and do not affect your credit score. There are special exceptions for …

Hard Credit Check vs. Soft Credit Check: What Doctors Need to Know Read More »

picture of credit card for credit card consolidation

What You Need to Know About Credit Card Consolidation for Doctors

Key takeaways:  Credit card consolidation takes multiple credit card balances and rolls them into one monthly payment. Doctors can often build up credit card debt in school and residency, which can quickly become toxic when not paid off. Personal loans are one option for consolidating credit card debt. Americans have over $840 million in credit …

What You Need to Know About Credit Card Consolidation for Doctors Read More »

personal loans for doctors

Personal Loans for Doctors: What You Need to Know

Key takeaways:  Personal loans offer doctors money when they need it most for any need — credit card consolidation, application fees, relocation and more. Panacea Financial’s PRN personal loan was created specifically for doctors and doctors-in-training with a number of unique benefits. With examination fees, residency relocation costs and credit card debt, becoming a doctor …

Personal Loans for Doctors: What You Need to Know Read More »

Personal Loan

What Can I Use a PRN Personal Loan For?

What Can I Use a PRN Personal Loan For? Becoming a medical professional such as a physician, dentist, or veterinarian is an extremely rewarding career path. But it can also be financially draining as you complete your schooling and transition into residencies and fellowships for several years. While the long-term earning potential is high, the …

What Can I Use a PRN Personal Loan For? Read More »

pay off credit card debt

How to Pay Off Credit Card Debt for Med Students, Residents and Fellows

Managed poorly, credit cards can destroy your credit. Use them only if you’re sure you can pay off the balance every month, or for emergencies. The amount of interest you pay and your minimum payments make a huge amount of difference to how much debt and interest you will have. Look for the right card …

How to Pay Off Credit Card Debt for Med Students, Residents and Fellows Read More »

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