Our IVF cycle is coming up soon (OH-SO-SOON) and we'll need to pay between $7,000 and $9,000 up front. I maxed out my FSA this year, so it will reimburse about $6,000 of that, but only after the fact. We have to pay UP FRONT. We have a little money saved up and a little room on our credit card, but even those two options combined are insufficient to the task. After countless calls to our bank, we determined that our only reasonable option for raising enough cash to prepay our IVF cycle was to take a personal loan using that paid-off car as collateral.
Fortunately, the application process was quick and easy to complete over the phone. All the bank needed was a copy of our title showing all liens paid off. Oh snap! We never ordered that when we got the release after the payoff. So a quick trip to the DMV to order the new title and then wait for it to come in the mail. After about a week, it occurred to me that we had no idea how long to expect the new title to take.
Off to the internet I went and lo and behold the DMV website states that when requesting the removal of a lien, the new title can be expected in 60-90 days. OMG OMG OMG. This was our only viable option!
After 5-6 hours fraught with the fear that our lien release would not get processed in time to get the loan pushed through before our IVF start date, I checked the mail to discover the title had been delivered that afternoon. Five days. Whatever, I'll take it.
The loan was approved, the funds are sitting in my checking account. So that's that.
UPDATED: What I neglected to mention above is that my leftovers of refills from my last (insured) IUI are almost all I need for meds. I will need to buy the BCP, Lup.ron and PIO. So, not too bad really for prescription expenses.