No money for glasses - 6 options

BEFORE FINANCING THE GLASSES

Before you think about how you can get money for your glasses, you should make sure that you have to pay for them yourself. The following groups get their glasses paid for by the health insurance :

• Adults with short-sightedness or long-sightedness of over 6 diopters

• Adults with astigmatism of more than 4 diptrons

• Adults with a maximum visual acuity of 30% (with visual aid)

• Adults with certain eye diseases

• Children/young people under the age of 18

If you need screen glasses for your job, they must be paid for by your employer.

• Procedure Germany

You have long or short-term options to finance your glasses. The conditions vary.

1. bank loan

Bank loans are loans that are granted by banks. As a rule, you need a positive credit rating to be approved - and your budget must be correct. This means that your income must not exceed your expenditure. However, banks usually only grant loans for higher loan amounts. It therefore depends on how much money you actually need to finance your glasses.

2. increase the credit line

Faster financing via banks is an increase in the overdraft facility. In this case, your bank will allow you to overdraw your account up to a certain limit. If you have already exhausted your limit and urgently need a pair of glasses, you can ask your bank advisor for a short-term increase in the limit. Normally, a maximum limit of up to 3 net monthly salaries is possible without any problems. The interest rates for overdraft facilities are often higher than normal bank loans, so you should not stay in the red with your account for the long term.

3. installment payment in stores

Many stores or online stores offer you the option of financing your glasses in installments. The total amount is divided into smaller installments that you have to pay over a certain period of time. Normally, your credit rating is checked before you pay in installments so that the store can be sure that you will be able to pay the installments.

4. mini loan

Mini loans are short-term loans with small amounts. As the bank often only grants loans from € 3,000, this form of loan is often a good alternative to the bank. If your credit rating is good or average, you can often get a mini loan relatively quickly and at short notice. They are therefore ideal for bridging a financial bottleneck.

5. sale of collateral

If you need money for your glasses, selling collateral can be a practical option. You can sell collateral such as jewelry, watches or technology devices directly to a dealer. If you want to make more money and are not in a hurry, you can offer your items for sale on various platforms yourself.

6. pawn loan (loan in kind)

If you own valuable items but don't want to or can't sell them, a pawn loan may be a good alternative for you. With this form of financing, you put up collateral and receive a partial value as a loan. At the end of the term, you repay your pawn loan and get your item back. You can also simply extend your pawn loan for a fee or repay it in parts. There is usually no credit check for pawn loans. You can find out how much money you can get for which item directly on the website of online pawn shops such as CASHY.

Errors and omissions excepted.