One of the applications are payday loans are to pay for health-care bills. So at least that is what various payday lenders report. They report near 15% of their customers claim that they are taking a payday loan to pay for a medical emergency or pay health-care bills. So despite all restrictions and rules and regulations being put on payday lenders, payday loans remain to be in high demand.

Besides bad economy, unemployment,  and  credit crunch, increasing health-care costs and lack of viable health-care resource are among factors according to a press release  on Yahoo news; It states that more Americans are taking payday loans to pay for medical bills as smaller doctors, dentists, and clinics are limiting or canceling their in-house finance options due to rise of health care costs.

An example mentioned in this news was one dentistry in San Diego, San Diego Dentistry, seem to be struggling to keep it’s in house finance options for its customers alive. So the center have now prioritizing its patients to those with good credit standing, then local San Diagans (San Diego Residence) first before they offer in house finance and payment plans to anyone else.

That is just one example of how many health care centers and clinics have reduced or limited there in house finance options. Many other doctors and dentists, have permanently, canceled their in house options and won’t be seeing their patients unless some sort of payments are made. And since so many Americans remain to be without health insurance, Americans seem to be forced into borrowing money to see their doctors or dentist.

Health care reform bill, one of the recent achievements of the current administration in White House, was recently passed but is yet to be implemented in many States including California and its effects and consequences are yet to be fully observed. Many health care and economy experts, from both politician isles, remain pessimistic about effectiveness of this health-care bill and predict that Americans will have to continuing borrowing money, whether payday loans or other types of loans, to pay for their health care bills.