Can I get financing for hearing aids with a 670 credit score?

Yes, a 670 credit score falls solidly within the 'fair' or 'average' credit range, and many personal loan lenders specialize in working with applicants in this tier. While you may not qualify for the absolute lowest interest rates reserved for excellent credit, you should have several loan options available to you. Lenders will also consider your income and existing debt to make a final decision.

Will checking my rate for a hearing aid loan hurt my credit score?

No. When you check your rate through our platform, lenders perform a 'soft credit inquiry.' This allows them to see your credit profile and determine your eligibility and potential rate without affecting your credit score. A 'hard credit inquiry,' which can temporarily lower your score by a few points, only occurs if you decide to proceed with a specific loan offer and complete the final application.

How can financing hearing aids help me improve my credit score?

Taking out a personal loan and making consistent, on-time payments is a proven way to build a positive payment history, which is the most important factor in your credit score. An installment loan like this also adds to your 'credit mix,' which can be beneficial if you primarily have revolving credit (like credit cards). Over the life of the loan, this responsible borrowing behavior can help you increase your credit score.

Are there specific 'hearing aid loans' or are they just personal loans?

Most 'hearing aid loans' are simply unsecured personal loans that are used for medical expenses. There is no special product category. The benefit is that a personal loan is flexible; you can use the funds for the hearing aids themselves, as well as any related fitting appointments or accessories. When you apply, you simply state 'medical expense' as the purpose of the loan.

What if my loan offer doesn't cover the full cost of the hearing aids?

If you are approved for an amount less than the full cost, you have a few options. You can use the loan to cover the majority of the expense and pay the difference out-of-pocket. Alternatively, you could discuss a smaller, secondary payment plan with your audiologist for the remaining balance. It's also worth asking your audiologist if there are slightly less expensive but still effective models that would fall within your approved loan amount.

Are there alternatives like a credit builder card for this expense?

A credit builder card or a secured card like the Discover it Secured Credit Card is an excellent tool for rebuilding credit, but typically not for a large, immediate purchase like hearing aids. These cards usually have very low credit limits (often $200-$1,000) to start. They are best used for small, regular purchases that you pay off each month to build a positive payment history. For a multi-thousand dollar expense, a personal loan is a much more suitable financing vehicle.

Hearing Aid Loans for Fair Credit

Don't let an average credit score delay better hearing. Explore personal loan options designed to help you finance the hearing aids you need.

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Feeling Stuck Between High Costs and Average Credit?

The hearing aids you need cost thousands, and insurance barely covers any of it.
We connect you with lenders who offer personal loans specifically for medical expenses, covering the full cost of your device.
Your 'fair' or 'average' credit score gets you turned down for the best financing options.
Our network includes lenders who specialize in working with applicants who have mid-tier credit, looking beyond just the score.
Audiologist financing plans have high interest rates or restrictive terms.
A personal loan offers a single, fixed monthly payment, often with more competitive rates and flexible terms than in-house plans.
You're worried that applying for financing will hurt the credit score you're trying to build.
You can check your rate and see potential offers through our platform without any impact on your credit score.

Why a Personal Loan is a Smart Choice with Fair Credit

When you have a fair credit score, typically in the 630 to 689 range, securing financing can feel like a challenge. However, a personal loan for hearing aids can be an excellent tool. Unlike high-interest credit cards or rigid in-house payment plans, a personal loan provides a lump sum of cash with a fixed interest rate and a predictable monthly payment. This structure makes budgeting straightforward and eliminates the risk of fluctuating interest charges. For those with average credit, this predictability is a significant advantage.

Furthermore, successfully managing a personal loan can be a positive step toward rebuilding credit. Every on-time payment is reported to the major credit bureaus, which can help improve your credit score over time. This demonstrates to future lenders that you are a responsible borrower, potentially opening up access to better rates and terms on other financial products down the road. It turns a necessary medical expense into an opportunity to strengthen your financial standing.

Your Simple Path to Hearing Aid Financing

1
Check Your Rate (No Credit Impact)
Fill out our secure online form in minutes. This initial step is a soft inquiry and will not affect your credit score.
2
Compare Your Loan Offers
If you qualify, you'll see offers from multiple lenders. Compare APRs, monthly payments, and loan terms to find the best fit for your budget.
3
Select an Offer and Get Funded
Once you choose an offer and complete the final application, funds are typically deposited directly into your bank account within 1-3 business days.

See What You Qualify For

It takes just two minutes to see your personalized loan offers for fair credit.

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Estimating Your Hearing Aid Loan Costs

Hearing aids are a significant investment in your quality of life, with costs often ranging from $2,500 to over $8,000 for a pair, depending on the technology and features. A personal loan can break this large upfront expense into manageable monthly payments. The example below illustrates how a typical loan for a mid-range pair of hearing aids might look for someone with an average credit profile.

Sample Hearing Aid Loan Breakdown

Cost of a pair of mid-level hearing aids

$5,000

Potential Loan Origination Fee (1-6%)

$5,000 × 4%

$200

Total Amount Financed

$5,000 + $200

$5,200

Estimated monthly

$152/mo

Based on a 48-month term at a 17.99% sample APR for a fair credit borrower. Your actual rate will vary.

Loan amount: $2,500 – $8,000
APR: 11.99% – 35.99%
Term: 24 mo – 60 mo

Your actual Annual Percentage Rate (APR) depends on your credit score, loan amount, term length, and credit history. The lowest rates are typically available to borrowers with the strongest credit profiles. Not all applicants will qualify for the lowest rate.

Comparing Your Financing Options for Fair Credit

When you have average credit, it's crucial to weigh all your options. A personal loan is just one path. You might also consider a medical credit card or a payment plan directly from your audiologist. Each has its own set of pros and cons, especially for someone with a mid-tier credit score. The table below provides a quick comparison to help you decide.

Personal Loan vs. Other Options

	Personal Loan	Medical Credit Card	Audiologist Financing
Typical APR	12% - 35.99%	0% intro APR, then 25%+	Varies, can be high
Payment Structure	Fixed monthly payment	Variable minimum payment	Fixed, but often shorter term
Best for Fair Credit?	Good. Many lenders specialize in this range.	Can be difficult to qualify for 0% offers.	Often flexible, but may have higher rates.
Credit Impact	Can help build credit with on-time payments.	High utilization can lower your score.	May or may not report to credit bureaus.

Find the Right Loan for Your Needs

Compare personalized offers to see how a personal loan stacks up against other options.

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What Lenders Look For in Fair Credit Applicants

Key Qualification Criteria

Credit Score: Most lender partners look for a minimum score of 600, with more options and better rates becoming available in the 640-689 range.
Debt-to-Income (DTI) Ratio: Lenders want to see that you can comfortably afford a new loan payment. A DTI below 40% is generally preferred.
Verifiable Income: You'll need to show a steady source of income through pay stubs, bank statements, or tax returns.
Credit History: Lenders will review your history for recent late payments or defaults, but are often more flexible for fair credit borrowers than prime lenders.

If your score is on the lower end of the fair credit range, you can strengthen your application by checking your credit report for errors or paying down a high-balance credit card before you apply.

Example scenario

I was so frustrated trying to figure out how to pay for my hearing aids. My credit was just 'ok', and I didn't think I'd get approved. Finding a personal loan with a payment I could actually afford was a huge relief.

Robert T.·Fair Credit Borrower, Ohio

Ready to Apply? Find Out if You Qualify

Our simple form helps you see your options without any commitment or impact to your credit score.

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Frequently Asked Questions

Can I get financing for hearing aids with a 670 credit score?
Yes, a 670 credit score falls solidly within the 'fair' or 'average' credit range, and many personal loan lenders specialize in working with applicants in this tier. While you may not qualify for the absolute lowest interest rates reserved for excellent credit, you should have several loan options available to you. Lenders will also consider your income and existing debt to make a final decision.
Will checking my rate for a hearing aid loan hurt my credit score?
No. When you check your rate through our platform, lenders perform a 'soft credit inquiry.' This allows them to see your credit profile and determine your eligibility and potential rate without affecting your credit score. A 'hard credit inquiry,' which can temporarily lower your score by a few points, only occurs if you decide to proceed with a specific loan offer and complete the final application.
How can financing hearing aids help me improve my credit score?
Taking out a personal loan and making consistent, on-time payments is a proven way to build a positive payment history, which is the most important factor in your credit score. An installment loan like this also adds to your 'credit mix,' which can be beneficial if you primarily have revolving credit (like credit cards). Over the life of the loan, this responsible borrowing behavior can help you increase your credit score.
Are there specific 'hearing aid loans' or are they just personal loans?
Most 'hearing aid loans' are simply unsecured personal loans that are used for medical expenses. There is no special product category. The benefit is that a personal loan is flexible; you can use the funds for the hearing aids themselves, as well as any related fitting appointments or accessories. When you apply, you simply state 'medical expense' as the purpose of the loan.
What if my loan offer doesn't cover the full cost of the hearing aids?
If you are approved for an amount less than the full cost, you have a few options. You can use the loan to cover the majority of the expense and pay the difference out-of-pocket. Alternatively, you could discuss a smaller, secondary payment plan with your audiologist for the remaining balance. It's also worth asking your audiologist if there are slightly less expensive but still effective models that would fall within your approved loan amount.
Are there alternatives like a credit builder card for this expense?
A credit builder card or a secured card like the Discover it Secured Credit Card is an excellent tool for rebuilding credit, but typically not for a large, immediate purchase like hearing aids. These cards usually have very low credit limits (often $200-$1,000) to start. They are best used for small, regular purchases that you pay off each month to build a positive payment history. For a multi-thousand dollar expense, a personal loan is a much more suitable financing vehicle.

Take the next step

Personal loan disclosure

Money Savvy is not a lender. We are a marketing service that connects consumers with participating lenders. Rates, amounts, and terms vary by lender, your credit history, and other factors.

Loan amounts: $1,000 – $100,000
Repayment terms: 3 – 84 months
Min APR: 5.99%
Max APR: 35.99%
Origination fees: 0% – 10% of the loan amount
Late fees: May apply; vary by lender

Representative example: A $10,000 loan with a 36-month term at an 18.99% APR would have an approximate monthly payment of $366.39 and a total cost of $13,190.04, including interest and a $500 origination fee.

Your actual APR depends on your credit score, income, and other factors. Only borrow what you can afford to repay.

California residents: California Financing Law disclosures available upon request.

Ready to Hear Clearly Again?

Your fair credit score doesn't have to be a barrier. Check your personalized loan rates in minutes and take the first step toward financing your hearing aids.

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