Typical lender fees charged in our Automated Format
Prime and Off-Prime Credit Scores 620+
While most of the patient financing companies will only approve people with "prime credit" and require a minimum credit score of 685, our top tier "prime lenders" will approve people with credit scores down to 620. The fee to your practice is 7%. Most Lender offers start with 12-Months Same as Cash!
Fair Credit Scores down to 580
While most of the other patient financing companies will not approve people with credit scores this low... Our lenders offer financing plans with terms up to 60 months while only charging your Practice a fee between 18% and 23%
Poor Credit / No Credit Required
This is where Finance Your Care stands alone in the market. Our lenders will fund deals upfront for people with credit scores so bad that the lender doesn't even look at it. The maximum loan amount is $6000 for terms up to 48 months. The practice fee is 25.9%.
Fees to your Practice
Finance Your Care does not charge your Practice any fees to use our technology and service.
Credit Technologies and Finance Your Care allow Healthcare Providers to use our technology and Finance Manager service at no costs to the Practice as long as they actually use the technology or service and close loans. Here are the two possible charges.
One Time Set Up Fee
In order to avoid a Practice from signing up "just because it sounds good and it is free"... We charge a one time deposit of $575 when you enroll. However, as soon as you start using our service and you close five transactions, we credit that $575 back to your Practice.
Fees to the Applicant/Borrower
User Fee Charged to the Patient/Applicant
Our services are offered to your Practice at no direct costs as long as you use the service and actually close loans. The way we are able to do that is by charging the Patient / Applicant a User Fee if we get their request approved and they accept the offer. The User Fee should be added to the amount they are requesting and becomes a part of the total amount to finance. The fee we charge is $395.
Collection of the User Fee
Since the fee we charge to the Patient/Applicant is usually financed, it is paid to your Practice when you are paid. As such, we will invoice your Practice as soon as you are funded and bill your payment method on file in three business days unless you notify us that the patient did not go through with the procedure. PLEASE NOTE: Your Practice is always responsible for paying our fee even if you forget to collect it from your patient.
Enrollment Process
Enrolling with Finance Your Care is very simple! You will just click on the "Enroll Now" button below and then complete the enrollment questionnaire. Once we get this form back in, we will start working with your staff to get you set up with our lenders as quickly as possible.
Agreement of Enrollment Terms
If you are in agreement with our enrollment terms as outlined, please click on the button below and you will go to a Jot Form with our enrollment terms and questionnaire.