Really need advice. How can I get cash for fertility treatment!

La_escocesa

It might be worth looking into if you can afford the repayments etc. I know it won't help your current debt situation, but I can also understand that you want to try asap.

I used Access Fertility and I think they have finance packages for under 44 year olds. I think they only work with UK clinics though.

heidi3333

La_escocesa wrote: »

It might be worth looking into if you can afford the repayments etc. I know it won't help your current debt situation, but I can also understand that you want to try asap.

I used Access Fertility and I think they have finance packages for under 44 year olds. I think they only work with UK clinics though.

Hi thanks for that. I looked into that but they only find 3under 38 year olds having treatment in the UK. My clinic is in Cyprus x

AstroTurtle

Sorry i dont think you can afford another child let alone fork out £6,400 upfront for one? Your rationale of

"I realise that having another baby would make my finances really tight but that would be only temporary as most of my debts will be cleared in a few years time. "

is flawed. Are you making payments of £240+ to your credit cards? or just the minimums. The RBS loan will be cleared by the time your child will be nearly 5/6.

For £27,000 to be cleared within a few years would require monthly payments of £1125 without interest being charged.

On a salary of £19,000 supplemented by benefits It looks as if you'd struggle to financially support a second child let alone pay £6,400 upfront for one.

Otherwise your balancing on thin ice of no emergencies or disasters make you re-borrow or lose your income for years.

Also is the £6,400 just for the treatment? What other costs will you incur going to Cyprus? flights, accommodation, childcare etc.

If you went from being financially stable with a lot of savings to £27,000 in the hole due to some unforeseen circumstances it could definitely happen again. Until you're out of the first hole I wouldn't recommend opening yourself up to another.

macman

How do you propose to service your current debt of £99k during your maternity leave, and the the extra debt of £9k on top of childcare costs x2 ongoing?
I can’t quite understand how in 3 years you’ve gone from having lots of savings to having £27k in unsecured debt. That’s an awful lot of furnishing for someone on a very low salary.
Sorry but I can see no way you will get a commercial loan, only family or friends maybe.
As others have said, consolidation is not the answer, even if it were an option.

Exodi

I must apologise but being honest, I don't know the first thing about IVF.

If IVF has 1-3% success rates for someone 43-44, what happens in the 97-99% chance you don't conceive? Is that £6,400 in the bin, £6,400 for another shot? Do you get a certain number of attempts?

I've been fortunate (or perhaps I'm just too young) to have first hand experience with this sort of thing but it sounds like it could cost an absolute fortune to conceive over 40?

Tropically

Having a child you can't afford is selfish. If you can't scrape together enough for the treatment, how are you planning to afford their life?

System

OP: I need money for IVF
OP: I'm £27,000 in debt
OP: Should I sell my house?


Get a grip on your emotions and finances OP - you're acting like a monkey with a machine gun.

heidi3333

AstroTurtle wrote: »

Sorry i dont think you can afford another child let alone fork out £6,400 upfront for one? Your rationale of is flawed. Are you making payments of £240+ to your credit cards? or just the minimums. The RBS loan will be cleared by the time your child will be nearly 5/6.

For £27,000 to be cleared within a few years would require monthly payments of £1125 without interest being charged.

On a salary of £19,000 supplemented by benefits It looks as if you'd struggle to financially support a second child let alone pay £6,400 upfront for one.

Otherwise your balancing on thin ice of no emergencies or disasters make you re-borrow or lose your income for years.

Also is the £6,400 just for the treatment? What other costs will you incur going to Cyprus? flights, accommodation, childcare etc.

If you went from being financially stable with a lot of savings to £27,000 in the hole due to some unforeseen circumstances it could definitely happen again. Until you're out of the first hole I wouldn't recommend opening yourself up to another.

I forgot to say I had a 10k loan before I got my mortgage. I've accumulated £17,000 since I got my mortgage. I had to borrow money off my Dad for a deposit, money to furnish the flat as I had absolutely nothing in it and the rest I had to borrow over the last few months as my tax credits were cut unexpectedly by £100s a month.

And the £6400 includes everything- flights, accommodation etc

heidi3333

Exodi wrote: »

I must apologise but being honest, I don't know the first thing about IVF.

If IVF has 1-3% success rates for someone 43-44, what happens in the 97-99% chance you don't conceive? Is that £6,400 in the bin, £6,400 for another shot? Do you get a certain number of attempts?

I've been fortunate (or perhaps I'm just too young) to have first hand experience with this sort of thing but it sounds like it could cost an absolute fortune to conceive over 40?

The clinic I'm wanting to go to has given me success rates of 50-60% based on my egg count and blood results. I wouldn't bother if the odds weren't so good.

heidi3333

Tropically wrote: »

Having a child you can't afford is selfish. If you can't scrape together enough for the treatment, how are you planning to afford their life?

Like I said I'll be a lot better off in 2 years time when I'll have paid off a big chunk of my debt. I'm not only ding this for me but for my daughter also. Yes, maybe it'd be more sensible to wait until I'm debt free but I'll be nearly 50 then and my chances of conceiving would ne zero. If everyone sat down and figured out how they would afford a child nobody would have them. You just manage somehow.