We get it, because we’ve been there. As a doctor or doctor-in-training, you are likely incredibly busy. We know speed and convenience are crucial, so when it comes to paying for anything, it’s easy to reach for a credit card. Credit card debt can quickly become overwhelming, especially for busy physicians, dentists, and veterinarians who …
How To Pay Off Credit Card Debt For Doctors & Doctors-In-Training Read More »
Credit scores are an incredibly important financial tool. Many doctors, especially trainee and early-career doctors, are burdened by a low credit score because of the significant debt they take on while receiving low pay. Credit scores affect your interest rate and options for personal loans, mortgages, practice loans and other banking products. No matter your …
Since our establishment, we have been dedicated to not only providing excellent products and services built for the needs of doctors, but also sharing financial, lifestyle and professional resources that can help you throughout your career. We’ve compiled all of our articles on common financial topics and questions into one easy-to-access resource. Managing your finances …
Financial Tips For Doctors: Budgeting, Savings, Retirement & More Read More »
Inflation is now at 7.1%, lower than the peak of 9.1% in June, but still higher than any point since the 1980s. 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 …
What The Fed Rate Hike Means For Loans, Credit Cards & Savings Read More »
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 …
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 »
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 »
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 »
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 …
You’ve matched with a residency program (congrats!) and may soon be moving to a new city. With this major life change just a few months away, you may be wondering about your financing options for relocation. The costs you’re going to incur over the next few months will likely be a bit of a shock …
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