CLOSEHOMECONTACTFAQ'SOUR LENDERS BLOGHOW IT WORKS

Are We Overpaying For Medications??

Are We Overpaying For Medications??

Here in the UK we are fortunate to have our NHS, as not all countries have this form of health care.

There are other countries that have socialised medicine and health trusts to treat and care for the injured, sick and ill, but there are also many countries where you have no health care unless you buy it yourself.

If you need to be treated for an injury or illness, and don’t have health insurance, you will have to pay the full expense of the treatment and health care.

And healthcare is not cheap!

Just going to the A&E in some countries can begin to cost in the hundreds, if not the thousands depending on the treatment required.

We also benefit from the preventive care services the NHS offers to us.

Guides on dieting, alcohol usage, exercise, and many other health related services are offered for free by the NHS.

We also benefit from our NHS when it comes to medications and prescriptions.

Currently if you pay for your prescriptions they cost £9 per item, although in some instances you can get a couple or more of the medication as one (1) prescription and that is a better value.

However, in doing a little research it was found that some people may be overpaying for their medications, as some high street shops offer the same medicines at a cheaper cost than £9.00.

If a doctor prescribes a steroid cream for an ailment, by getting the prescription filled it will cost you £9, per prescription.

However, you can go to a high street store or shop, or a local chemist, and buy a tube of HC45, for less than £4.00.

Again, if you are receiving more than one tube of the cream in your prescription, it can make paying £9.00 a better value, but not on a tube-for-tube basis.

And there are more medications that can be cheaper if you buy them at a local store or chemist, rather than going to your GP and getting a prescription.

Some pain medicines are cheaper, glucosamine tablets for arthritis, aqueous cream for eczema, some antibacterial mouthwashes, all cost less than £9 if bought off high street shops.

Some pain killers such as paracetamol can even be bought at pound shops for a pound!

The Chief Executive of the Patients Association of the NHS, Katherine Murphy said, “Patients have responsibilities to not waste the NHS’s scarce resources and should endeavour to pay for everyday items such as cold remedies out of their own pocket.”

We just need to be aware that there are many everyday prescribed medicines that we can purchase much cheaper in local shops. Before you just rush off and have that prescription filled at your chemist, ask your doctor and research yourself if there are alternatives that are cheaper.

Leave your comment

<strong>What is Our Criteria For Applying?</strong> 
Every lender on our website has their own specific criteria by the basics are mentioned below and you must have a guarantor to be eligible. Simply select the lender of your choice and you will be taken directly to their website where you can apply. You will be required to submit your details including:<li style=”text-align: center;” data-mce-style=”text-align: center;”>Name (must be over 18 as the borrow, 21 or 25 as the guarantor)</li><br /><li style=”text-align: center;” data-mce-style=”text-align: center;”>Residence (your chances will improve if your guarantor is a homeowner)</li><br /><li style=”text-align: center;” data-mce-style=”text-align: center;”>Employment status (must be employed or on a pension)</li><br /><li style=”text-align: center;” data-mce-style=”text-align: center;”>Income (earning at least £600 per month and able to make repayments)</li><br /><li style=”text-align: center;” data-mce-style=”text-align: center;”>Monthly expenses (not have too many loans open or in major debt)</li>
 
You will then be asked to include the details of your guarantor and as mentioned above, this is usually someone who you know and trust and wants to help you with your personal finances. Ideally, a guarantor with good credit will maximise your chances of being approved based on the idea of ‘if someone with good credit trusts you, well we can too.'<strong>How Much Can I Borrow From Guarantor Loans?</strong>Guarantor Loans gives applicants the chance to borrow £500 to £15,000 depending on the lender. Some lenders we feature like Buddy Loans only have a maximum loan value of £7,500 and TFS Loans is the only lender that stretches up to £15,000.Factors that can influence the amount you can borrow revolve around having a good guarantor. One that is a homeowner, with solid employment, income and good credit rating will maximise your chances of borrowing the largest drawdown possible.The lenders featured on Guarantor Loans see a homeowner as someone who has already gone through the rigorous process of credit checking and affordability and if they can afford a house, they should be able to act as a guarantor for you.By comparison, having a guarantor that is not a homeowner offers slightly less security and means that amount you can borrow is slightly less too.Higher amounts may be available to those who already have a better than average credit rating, are homeowners themselves and a repeat customer with the lender who has already paid their loan on time. To apply directly with your lender of choice see <a href=”https://www.paydaybadcredit.co.uk/direct-lender/” data-mce-href=”https://www.paydaybadcredit.co.uk/direct-lender/”>direct lenders</a>.<strong>What Does The Guarantor Have To Do?</strong>Upon completing an application, the lender will typically send you a <a href=”https://www.handbook.fca.org.uk/handbook/CONC/4/2.html” data-mce-href=”https://www.handbook.fca.org.uk/handbook/CONC/4/2.html”>pre-contract loan agreement</a> and SECCI (Standard European Consumer Credit Information form) which will highlight the terms of your loan. You and your guarantor will be required to review the terms of the loan, including the loan drawdown, fees, repayment dates and responsibilities – and this can be signed via an online verification process using your email and mobile phone.The lender will usually carry out an individual phone call with you and your guarantor to ensure that you both understand the responsibilities and what is required of you – notably that if you cannot make repayment, your guarantor will be required to pay on your behalf. Further to some additional credit and affordability checks, funds can typically be transferred within 24 to 48 hours (or sometimes on the same day).<strong>Are Guarantor Loans Available For Bad Credit Customers?</strong>Yes, even if you have a history of adverse credit, <a href=”https://www.gov.uk/county-court-judgments-ccj-for-debt” data-mce-href=”https://www.gov.uk/county-court-judgments-ccj-for-debt”>CCJs</a>, bankruptcy or IVAs several years ago, you can still be eligible. The idea is that you are using your guarantor and their financial history to ‘back you up’ and give your loan extra security. However, it is noted that your guarantor should have a good credit score and consent to co-signing your loan agreement.<strong>How Soon Can I Receive Funds?</strong>Guarantor Loans works with lenders that can facilitate funds within 24 to 48 hours of approval, or sometimes on the same day.When your funds are successfully transferred, most lenders working with Guarantor Loans will send the full amount to the guarantor’s debit account first. This is a standard security measure carried out by lenders to ensure that the funds are going to the right person and confirms the involvement of the guarantor. The guarantor usually has a ‘two week cooling off period’ where they can decide to pass on the money to the main borrower or they can change their mind and return the funds with no extra charges.