Wells Fargo Personal Loan Application

[creditmorgan]

Hi everyone. This is my first post on here. I am a long time reader though. I know there are a lot of experienced folks on here so I have come today with a question of my own.

I had an issue with my health insurance (preexisiting condition) and now they don't want to cover my back surgery. Its a lumbar fusion and you won't believe how much it cost-

Its costing $170,000 approximately. I have tried to just live with the pain but I'm on serious pain meds and its been difficult on my body. I don't want to be on this forever either.

I am able to pay $70,000 without tying up too much cash, but the rest I must find financing.

Here are my stats:

Student loan: $30,000 (two separate ones for 10,040 and 19439)

Credit cards: CL/Current balance

Chase sapphire: $50000 cl / 6000 balance

Fidelity: $50,000 CL/ using 7000

BOA: $20000 CL/ 4000 in use

Chase: $3300 CL / $0

Discover: $7500/ $500

Barclays: $7500/ $0

Amex Costco $1100/ $0

Citi AA $32,000/ $1000

Citi Divi $5000/ $0

Space coast credit union - $15000 loan (but paid that in full so it should update on credit soon).

I pay my cards in full each month for each card and I notice that the balance is reported with whatever the statement closes with. My income is $345000/yr and I do not have any mortgage. I want to apply for $100000 from wells fargo but I have quite a few inquiries on my credit from this past year with CL increases.

Also, I read somewhere that people get denied because of low credit balances, so I was wondering if I should not pay in full for when I go to apply? I have had balances as high as $120,000 on a my sapphire above the limit and I paid it in full before the statement closed so it wasn't reported as over the CL. I have seen my report where it says high balance of $81,000 before.

I know with the new obama care theres maybe a chance etc etc but please just answer in terms of having to apply for this loan.

I really would like to hear what you all think.

Thank you in advance-

[SunnySideUp32]

With the healthcare changes coming in January 2014, I don't think the insurance will be able to deny the claim if presented with a new claim regarding your back surgery. If this is the case, can you wait til then?