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Lighten the financial load—Why debt consolidation may be the answer
October 20, 2020Debt is a burden many veterinarians carry. The average 2019 graduate owes roughly $150,000 in educational debt, according to the American Veterinary Medical Association (AVMA). Veterinary professionals also often juggle credit card, loan, and real estate debt from multiple creditors and lenders throughout their careers. The amount of debt you carry can affect everything from your credit score and borrowing power to your bank account and mental health. While some borrowers sought deferment or forbearance …
Is more debt good for your financial future?
July 28, 2020If you’re hoping to buy or expand a practice, you may think your educational debt means you won’t be able to get a business loan. Even if you could get funded, the very idea of adding a few hundred thousand dollars in debt may give you what is commonly, if not medically, described as the heebie-jeebies. It’s time to change your thinking. Not only are you likely to be overwhelmed with lenders happy to do …
How do top practices increase profitability?
October 19, 2017Veterinarians have a bleak outlook of their current state of financial affairs and of their future prospects, according to a 2013 landmark study* that presented financial health data of practitioners at different ages and phases of their careers.