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XP: IVF financing success

mm29mm29 member
in Infertility

I am super excited.  DH and I had a few options we were looking into.  Unsecured personal loans, credit cards, etc. 

 

Yesterday I went into my credit union to inquire about a personal loan.  The loan officer stated that we would not be able to take out a loan for more than $10K (which I was expecting).  She also stated that our minimum interest rate would be around 13.6%.  I was expecting a high interest rate since I was asking about an unsecured loan, but I was not expecting it to be that high.

 

I told her that 13.6% would not work for us, since we had a credit card with a rate of 12.8%.  When I was about to leave, she started to get creative.  She remembered tht our car loans were through them.  She pulled our file, looked up the value and compared to wht we owed.  Btwn the two vehicles we had $18K equity. 

 

So we are consolidating the two loans and taking out the equity.  It will be a 4 yr loan, and our total car payments will be less than what we are paying now, with an interest rate of 3.14%.  I didn?t even know you could pull equity out of your vehicles. The best part is this gives us enough to pay for our IVF!  We close on our loan Monday.  Hooray!  

::: Married June 2003:::
TTC #1 since: Aug. 2008
Me: 34, DOR, MTHFR-A1298C (heterozygous), decreased blood flow to uterus, Mild Endo
DH: 38, Balanced translocation 5&10, unexplained MFI, normal SA and SCSA
Tx History: IUI 1&2= BFN
IVF# 1 W/ICSI= BFN
IVF# 2: cancelled d/t no response
IVF# 3= 1 egg retrieved=immature/not viable
IVF# 4= c/p
***CCRM ODWU***
Found DHs BT and Me-decreased blood flow to uterus
Recommended DE IVF w/PGD, incorporate electro-acupuncture. Decided to cycle locally
***New RE***
DE IVF# 1(cycle #6) w/pgd, (freeze all): 30R, 23M, 15F, slow/poor embryo development, 4 biopsied, 1 Normal "Norm"; DE IVF w/PGD, incorporate electro-acupuncture. 
IVF# 6: (OE/DS) cancelled
IVF# 7: (OE/DS) 1R, 1M, 1F, arrested day 5
Plan-DE IVF# 2 (cycle #8): DE/DS in May 2015

http://icanhazbabyz.blogspot.com/
imageimage image 
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Re: XP: IVF financing success

  • squish06squish06
    Thats wonderful! I called my HR dept today to see the max we can take out of our FSA. Then I might take a loan out against our 401K for the rest. We will have to wait til next year which Im ok about. We are also closing on a house the end of this month so we need to let some things settle!
    TTC since 9/2009 Me: Unexplained Infertility; Age 33 DH: SA normal; Age 32; 4 IUI's with clomid+trigger=BFN! 1 IUI with follistim+trigger=BFN! Currently in another cycle of follistim+Trigger+IUI
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  • Faith722Faith722 member
    That's amazing!  I didn't know you could do that either.  Hmmm...
    IVF #3 = Feb 2012
    beta#1 3/21 (14dp3dt)=413, beta#2 3/23 (16dp3dt)=785, u/s 4/11
    EDD 11/25/12
    **SAIFW** Baby Birthday Ticker Ticker
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  • naybirdnaybird
    Wow!!! That's fantastic!!! Soo happy they worked with you and you came out with a great plan!!!!!! 
    Renee- 37 DH - Chad - 39
    2/06 - surprise pregnancy - twins
    3/06 - m/c 1st baby at 6 weeks 
    5/06 -2nd baby had no heartbeat at 14 wks.
    D&E - Bled out. Blood transfusions. Week in ICU - Cheated Death!
    Diagnosis: Blood clotting and bleeding disorder, immune issues, & cervical stenosis
    5/10 - 1st IVF cycle - BFN
    FET - 10/12/10 - BFN
    1/11 - IVF with PGD - BFN
    IVF - May - BFN
    6/11 New RE - fingers crossed!
    9/11 - IVF - 4 transferred
    10/13 - BFP!!
    It's a boy! Clint Michael, Due in June!!!

    image
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  • Nature LoverNature Lover
    Squish - the max you can put into a fsa is $ 2500. I am maxing mine out this year :-)
    Image and video hosting by TinyPic
    History of IF and 2.5 years TTC. The day we were to start our first IUI we received a call that changed our lives forever and 10 month old Olivia joined our family. Shortly thereafter we got a surprise BFP and baby 2 is due July 5, 2012

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  • inlovewithBinlovewithB
    I have never heard of "equity" in a car! Sounds like that person worked out a little miracle for you! GL!!
    June 2010-Lap
    b2b Injectable IUI #1 7/25/10 & 7/26/10 = BFP beta 14dpIUI = 133 MC 9/14 at 9 weeks
    b2b Injectable IUI #2 12/5/10 & 12/6/10 = BFN
    IVF #1 ER 3/28/11 ET 3 embryos 3/31/11= BFN
    b2b Injectable IUI#3 6/28/11 & 6/29/11 = BFN
    PAIF/SAIF Welcome :)

    Submitted Adoption Application on 6/1/2011
    Homestudy 7/19/2011
    IVF#2 CX due to Adoption Match
    We were blessed with our daughter through the gift of adoption
    IVF #2.1 ET 2 embryos 2/14/13 7 frostiesLilypie First Birthday tickers

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  • mm29mm29 member
    imageinlovewithB:
    I have never heard of "equity" in a car! Sounds like that person worked out a little miracle for you! GL!!

    Me either.  This is why I never thought that it would be an option. 

     

    She used the terminology equity.  I guess what we are really doing is refinancing our cars and since our vehicles are worth more than we owe, we are able to borrow the difference.  Either way it made my day :)

    ::: Married June 2003:::
    TTC #1 since: Aug. 2008
    Me: 34, DOR, MTHFR-A1298C (heterozygous), decreased blood flow to uterus, Mild Endo
    DH: 38, Balanced translocation 5&10, unexplained MFI, normal SA and SCSA
    Tx History: IUI 1&2= BFN
    IVF# 1 W/ICSI= BFN
    IVF# 2: cancelled d/t no response
    IVF# 3= 1 egg retrieved=immature/not viable
    IVF# 4= c/p
    ***CCRM ODWU***
    Found DHs BT and Me-decreased blood flow to uterus
    Recommended DE IVF w/PGD, incorporate electro-acupuncture. Decided to cycle locally
    ***New RE***
    DE IVF# 1(cycle #6) w/pgd, (freeze all): 30R, 23M, 15F, slow/poor embryo development, 4 biopsied, 1 Normal "Norm"; DE IVF w/PGD, incorporate electro-acupuncture. 
    IVF# 6: (OE/DS) cancelled
    IVF# 7: (OE/DS) 1R, 1M, 1F, arrested day 5
    Plan-DE IVF# 2 (cycle #8): DE/DS in May 2015

    http://icanhazbabyz.blogspot.com/
    imageimage image 
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  • Yolanbo9Yolanbo9 member

    I'm soooooo excited for you!!! This post is bringing tears to my eyes (i'm very sensitive these day!).

    Our IVF plan is on hold for financial reasons also. We can't get financed right now untill we pay off some of our credit cards. This post gives me hope that one day we WILL get a loan and then we'll have our chance at IVF.

    Congrats and Good Luck :-)

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  • OOPMedsProgramOOPMedsProgram member

    This is amazing as well as the kind of stories I would like featured on the oopmedsprogram blog... would you mind me sharing your story?

    TIA

    Blog

    image
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  • kimmy06kimmy06
    Very exciting.  It is such a good feeling to have the financial end taken care of!!!  Good Luck!
    TTC since 10/2007 4/2008 put on Clomid to assist with ovulation 3/2009 DH diagnosed with MFI (low count and motility) 4/2009 IUI # 1
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  • Temp590840000005378Temp590840000005378
    Party!!! Yippee, so happy for you darling!
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  • mm29mm29 member
    imageOOPMedsProgram:

    This is amazing as well as the kind of stories I would like featured on the oopmedsprogram blog... would you mind me sharing your story?

    TIA

    I would love too!
    ::: Married June 2003:::
    TTC #1 since: Aug. 2008
    Me: 34, DOR, MTHFR-A1298C (heterozygous), decreased blood flow to uterus, Mild Endo
    DH: 38, Balanced translocation 5&10, unexplained MFI, normal SA and SCSA
    Tx History: IUI 1&2= BFN
    IVF# 1 W/ICSI= BFN
    IVF# 2: cancelled d/t no response
    IVF# 3= 1 egg retrieved=immature/not viable
    IVF# 4= c/p
    ***CCRM ODWU***
    Found DHs BT and Me-decreased blood flow to uterus
    Recommended DE IVF w/PGD, incorporate electro-acupuncture. Decided to cycle locally
    ***New RE***
    DE IVF# 1(cycle #6) w/pgd, (freeze all): 30R, 23M, 15F, slow/poor embryo development, 4 biopsied, 1 Normal "Norm"; DE IVF w/PGD, incorporate electro-acupuncture. 
    IVF# 6: (OE/DS) cancelled
    IVF# 7: (OE/DS) 1R, 1M, 1F, arrested day 5
    Plan-DE IVF# 2 (cycle #8): DE/DS in May 2015

    http://icanhazbabyz.blogspot.com/
    imageimage image 
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