Affording Surrogacy

Starting your surrogacy journey is an exciting step toward parenthood, but financial hurdles—like bad credit—can feel overwhelming.

The joys of parenthood are priceless. Many intended parents face financial challenges and successfully find solutions.

Contact us today to get an estimate of surrogacy costs and popular financing methods used by intended parents we’ve helped have the family they’ve always dreamed of.

We can walk you through your IVF financing options, how to improve your credit and other payment options to decrease your borrowing amount.

Can I Get IVF Financing with Bad Credit?

Yes, IVF financing with bad credit is possible. When seeking a loan for IVF or surrogacy, your credit score can affect the approval process, loan terms and interest rates.

Generally, lenders view low credit scores as a higher risk, which can lead to:

• Higher APRs: Lower credit scores often result in higher annual percentage rates (APRs), making loan payments more expensive over time.
• Lower Loan Amounts: Bad credit may limit the total amount you’re approved for, which could fall short of covering the full cost of treatment.

Thankfully, there are ways to finance your journey even with these challenges.

Protect your budget from hidden costs with our Limited-Risk program or pay as you go with our Foundation Program. Contact us today to learn more about our different fee programs.

IVF Financing Options with Bad Credit

If you have a low credit score or limited credit history, here are some options for financing IVF with bad credit:

1. Surrogacy and IVF Loans for Bad Credit

Some lenders specialize in offering loans to individuals with low credit scores.
When surrogacy is part of your journey, the costs extend beyond IVF. Specialized surrogacy loans can help bridge the gap, even if your credit is less than stellar.

While interest rates may be higher, these loans are often flexible and designed to make IVF or surrogacy accessible.

• Where to look: Consider fertility-focused loan companies or personal loan lenders who cater to bad credit borrowers. Look for lenders familiar with the unique financial needs of surrogacy.
• What to expect: You may need to provide proof of income or a co-signer to improve your loan terms.

2. Payment Plans Through Clinics

Many fertility clinics offer in-house financing options, which can be a great alternative if you’ve been denied IVF for bad credit elsewhere.

• Features: Flexible monthly payment plans tailored to your budget.
• Advantages: IVF financing, no credit check required. Some clinics work with third-party financing partners.

3. IVF Grants and Scholarships

Several organizations offer grants to help offset IVF costs. While grants can be competitive, they’re worth pursuing if you meet the eligibility criteria. Here are a few to consider:

• BabyQuest Foundation: Offers grants to those pursuing IVF and other fertility treatments.
• The Cade Foundation: Provides family-building grants that can be used for IVF or other infertility treatments.
• The Parental Hope Family Grant: Specifically helps fund IVF treatments for those with demonstrated financial needs.

4. Credit Unions and Community Banks

Credit unions are a great starting point for those with lower credit scores. As member-focused institutions, they often have more flexibility with interest rates and terms, and many offer personal loans that can be used for IVF costs.

Community banks, which prioritize local customers, may also be more willing to work with borrowers who have less-than-perfect credit.

5. Adding a Co-Signer

Adding a co-signer with a good credit history can make a significant difference.

With a co-signer, you’re more likely to qualify for a loan and secure a better interest rate. Just make sure that the co-signer understands their financial responsibility, as they will be legally obligated to repay the loan if you cannot.

What If I’ve Been Denied IVF Financing with Bad Credit?

If you have some time before starting your IVF journey, improving your credit score can open up more options and secure better interest rates. Here are a few strategies to boost your credit score over time:

• Pay Down Small Debts: Paying off smaller balances first can help you improve your credit score and free up funds for monthly payments.
• Keep Credit Utilization Low: Try to keep your credit card balances under 30% of your credit limit, which can positively impact your score.
• Make Timely Payments: Even small payments made on time can demonstrate responsibility and improve your credit profile over time.

Seeking guidance from a financial counselor or credit repair service can also be beneficial.

These services can provide advice tailored to your specific financial situation, helping you improve your credit score and gain access to more financing options.

Costs shouldn’t stand in the way of achieving your dreams of parenthood. We can connect you with resources for financing your surrogacy journey. Contact us today.

How to Pay for IVF with Bad Credit

Even if financing feels like an obstacle, combining several strategies can make IVF and surrogacy attainable:

• Use savings alongside loans to reduce borrowing amounts.
• Apply for fertility discounts or clinic-specific payment plans.
• Seek support from family or community-driven fundraising efforts.

Get Started

If your finances have you feeling stuck on your path to parenthood, don’t lose hope. Reach out today to learn more about the resources available in your situation.

Frequently Asked Questions

What credit score do you need for IVF?

The exact credit score needed for specific loans varies, but many loans require a minimum credit score in the upper 500s.

Is it hard to get an IVF loan?

Getting an IVF loan may be easy or difficult depending on your financial situation. However, most couples who pursue IVF take out some loans.

Who is not eligible for IVF?

Women who have uterine fibroids, uterine abnormalities, or hormone dysfunction may be unable to conceive through IVF, as well as some women who have preexisting health conditions.

What happens if you can’t afford IVF?

If you can’t afford IVF, you can seek out options like fertility loans, grants, and crowdfunding campaigns.