-- Doc2Doc Lending, a lending platform providing preferred rates on loans for physicians, based in Portsmouth, New Hampshire, was featured as a solution for physicians trying to reduce their personal debt levels. The digital platform makes the process of applying for loans simple and easy for physicians who traditionally have very little free time for handling traditional loan applications.
Dr. Mike Hatch, chief strategy officer for Doc2Doc Lending, spent time breaking down interest rate and loan terminology in order to better educate physicians on how to evaluate loan options. More details can be found at https://www.physicianonfire.com/diagnosing-debt.
The newly announced services have been developed as a simpler and faster approach to traditional loan application methods, as the demand for loans with low interest rates is increasing. Doc2Doc’s unique insight into the needs of physicians led to the development of this article, as it can help physicians to understand key terms that could end up costing them thousands of dollars. For instance, using a personal loan for credit card debt consolidation alone can improve cash flow and lower the average interest rate of debt, which ultimately saves physicians money.
Surveys show that 65% of physicians face more than $100,000 in loans and 32% of physicians have more than $250,000 in remaining debt, making it years before they can pay off their student loans. A Medical Economics report states that most physicians in debt choose to earn a second income to pay off their loans. But this might not be feasible for most physicians.
Doc2Doc Lending combines physician-specific metrics with physician-friendly lending terms to create a stress-free personal loan application that aims to help them get pre-approval and funds in their account within days.
Unlike the traditional loan application process, which can often take months to approve, the peer-to-peer lending platform only requires proof of the applicant’s medical or dental degree to start the application process. The digital lending platform’s services have helped numerous physicians and dentists quickly qualify for personal loans that provided them with fixed interest rates and flexible term options.
With the latest announcement, Doc2Doc Lending continues to invest in the development of comprehensive and end-to-end financial solutions adapted to the diverse needs of residents, physicians, and dentists.
Dr. Kenton Allen, chief executive officer and co-founder of Doc2Doc, said: “Our vision is that Doc2Doc will be the provider of tailored tools that empower doctors to achieve their personal and professional goals throughout their entire careers. Simply stated, Doc2Doc provides you with capital quickly and at a rate that takes into account factors unique to physicians and dentists that so many traditional lenders seem to overlook.”
Interested parties can find more information by visiting the above-mentioned website.
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