reasons people need pet loans

Top 3 Reasons Why People Need Pet Loans

As much as we love them, our furry friends are quite expensive. While they're obviously worth every cent, during tight financial times, it can be hard to meet the somewhat-demanding costs of keeping your pet happy and healthy. This leaves many pet owners seeking pet loans to help cover expenses. Some of those expense can lead to getting a loan such as, a persoal loan, scratchpay, a nonprofit financial assistance program, and registration loans. If you are one of those owners, use this guide to understand these loans and learn why people may need to get assistance.

Why People Need Pet Loans

1. Funding Vaccinations And Initial Costs

If you've found the pet you want, you have to know that they come with initial costs. If you have come into economic hardship, getting pet loans can help you handle those costs. Many animal owners tend to seek loans for these costs as their pet insurance won't pay out for basic care. Depending on the type of loan you receive, you can cover any of the following initial costs:

  • First injections.
  • Spaying or neutering.
  • Microchipping.
  • Bed, crate, litter tray, collar and lead, etc.
  • Training and/or socialization classes.
  • Pet passport depending on if you have to travel with your pet.

2. Covering Ongoing Care Costs

After the initial costs of bringing your new family member home, you'll spend money every week to keep them healthy. Those costs can be quite heavy on your budget – especially if they come in higher than what you expected. This is another instance in which pet loans can help. Some of the costs you can expect can be the following:

  • Food.
  • Flea and worm treatments.
  • Pet sitters or kennels and catteries.
  • Bathing and grooming.
  • Toys and treats.
  • Annual injections.
  • Vet bills and pet insurance.

Even if you can usually afford these expenses in your regular budget, financial hardships can strike at any moment, making pet loans a must-have to help you stay afloat. To give you an idea of the expenses you should include in your budget, find the average costs of owning a dog in America below:

  • Food and treats between $250 and $700 per year.
  • Toys between $25 and $50 per year.
  • Beds between $50 to $200 per year.
  • Collars and leashes between $20 and $50 per year.
  • Grooming between $30 and $500 per year.
  • Routine vet care between $700 and $2,000 per year for a healthy dog.
  • Preventative medications between $200 and $600 per year.
  • Dog walking between $0 and $5,200 per year.
  • Pet sitters or kennels between $100 and $300 per year.

3. Paying For Emergency Care

Whenever your dog, cat, or other pet is going through urgent medical treatment, it's bound to be expensive and stressful. But regardless of the cost, it's always wise to seek professional veterinary advice and potentially acquire pet loans to cover it. Remember, the price of emergency treatment depends on the type of pet you have and the severity of the problem.

For example, a canine anaphylactic shock could be treated for $500 to $1,000, whereas heatstroke treatment could run to $6,000. The American Veterinary Medical Association states a list of pet emergency symptoms, so you know what to look for. The list contains many severe signs, such as:

  • Severe or persistent vomiting.
  • Severe or persistent diarrhea.
  • Nonstop bleeding.
  • A lot of bleeding.
  • Difficulty breathing, choking, gagging, or continuous coughing.
  • Bloat combined with panting, restlessness, and gagging.
  • Sudden collapse or seizures.
  • Blue, yellow, or ultra-pale gums.
  • Difficulty with birth.
  • Hypothermia (slow heart rate, pale gums, shivering, slow heart rate, and dilated pupils)
  • Ingestion of poison or toxin.
  • Heatstroke (strange gum color, lethargy, and heavy breathing).

reasons for pet loans

Types Of Pet Loans

1. Personal Loan

When we talk about pet loans, there are quite a few out there to help you. One option you have is a personal loan. Personal loans are for anything and everything, including urgent pet care. They usually have lower interest rates than credit cards and are unsecured, meaning you never risk your assets.

2. Scratchpay

Scratchpay is a relatively new type of pet loan, allowing you to fund emergency veterinary treatment over a few months. Scratchpay offers you payment plans that are simple for you to understand and deal with. The terms range from five months to two years, ensuring ample affordability for all kinds of economic environments.

3. Nonprofit Financial Assistance Program

If you are looking for pet loans, checking out nonprofits is also a great idea for you to do. Nonprofit financial assistance programs like Best Friends Animal Society, RedRover, and The Pet Fund offer medical care funding if you're suffering financial hardship. You can even find breed-specific organizations to help you out.

4. A Registration Loan For Emergencies

When we talk about pet loans, one loan you have to consider is a registration loan. When you come to Fast Auto Loans, Inc., you can borrow up to $900 to fund vet fees with a registration loan. All you need is an active checking account, driver's license, an Arizona motor vehicle registration, and valid social security.

Just fill out the online form on our website to get started on the process. We will then give you a call from the nearest Arizona registration loan location to help you continue the process. Then just come down to the store with the required items to find out if you qualify for approval and for how much.

Get The Pet Loans You Need

Whether you need to fund ongoing costs, initial fees, or emergency care, pet loans are available to help you out. Use this guide to help you decide which one you should go for. And if you have a true emergency with your pet, a registration loan from us at Fast Auto Loans, Inc. can help. Just complete our easy online form to get the process started!


Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.

June Mckaig

June Mckaig writes articles on finance and budgeting, hoping to provide insight amidst the overwhelming crowds of information on the internet. She feels that with all this accessibility comes a lot of false data, and she would like to contribute astute, helpful input that she knows can help others. If you would like to learn more about June's research, read more here.

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