Your One Stop Shop for Patient Financing
About Finance Your Care
Finance Your Care is a subsidiary of Credit Technologies. We start with that to let you know we are really not a patient financing company. What we are is a Fin Tech offering that connects Healthcare Providers to a platform filled with more than 3600 lenders waiting to approve applications for patients that have excellent to very ugly credit. Here is how it works...
Submit a simple pre-qualification application:
When you do, our technology will show you the Applicant's credit score and it will let you know which of our lenders are the best fit for the Applicant. It will also tell you if the person can qualify with any of the lenders you are currently using. This step takes less than 3-minutes to complete and has no affect on the applicant's credit.
Pick a lender:
After you see the lender and program options, pick the one you (and the Applicant) prefer, and submit the request directly with that lender or group of lenders in a platform. This step also only takes 3-minutes or less.
Get paid:
All of the lenders in our platform will pay you directly within 24 to 48 hours with No Recourse and No Conditions!
Rates and Provider Fees
You Get Wholesale Pricing from our Lenders!
As stated above; Finance Your Care is a subsidiary of Credit Technologies. We are not the lender and we are not a broker. As such, whatever the lender charges is not marked up. Here are some examples of our current rates and fees.
Prime Credit / Scores down to 700
This would be the same people that most of the patient financing companies would approve (i.e. Care Credit). At this level, the fee to your practice is 0%. The APR to the borrower is currently 6.9% for terms up to 84 months.
Sub-Prime Credit / Scores down to 640
While most of the other patient financing companies will not approve people with credit scores this low... Our lenders will approve them for 60 to 84 months with APR's ranging from 12.99% to 16.99%. The average Practice fee is 8.5%
Poor Credit / Scores down to 580
This is the start of credit ranges that Finance Your Care stands alone in the market. Our lenders will offer fixed rate loans for credit scores down to 580. The APR's range from 16.99% to 26.99%. And the fee to your Practice is 19.9%
Ugly Credit / Scores down to 500 and beyond
This is where Finance Your Care stands alone in the market. Our lenders will fund deals upfront for people with credit scores as low as 500 with no recourse to your Practice. The APR's can be up to 35.99% for loan amounts up to $5000 and terms of 60 months. The fee to your Practice is 21.9%. NOTE: If the Applicant cannot qualify with any of our lenders, we have a billing plan that only pays you as payments are collected but guarantees you a pay-out no less than 80%
Enrollment Terms
Please review these terms before completing the enrollment form below.
Credit Technologies / Finance Your Care offers you an enrollment with no costs or obligations connected to it. The reason we can make this offer while not getting paid back-end fees from the lenders is as follows. We will charge each Applicant a fee if they get approved and accept a loan offer. That fee is your obligation to disclose and add on to the amount that is being requested when you submit an application. Furthermore, since the fee is added to the loan amount, it will be paid to your office when the lender sends you your payment. As such, after you are paid, we will invoice you for our fee back and it is your obligation to pay it even if you forget to charge it to the Applicant or add it to the loan amount requested. Our fee schedule is as follows:
User Fee Charged to the Patient/Applicant
- Loan amounts up to $2499.99. The fee is $175
- Loan amounts between $2500 and $9999.99. The fee is $375
- Loan amounts from $10,000 to $24,999.99 / The fee is $575
- Loan amounts of $25,000 and up / The fee is $775
The Actual Enrollment Process
Enrolling with Finance Your Care is very simple! You will just complete the form below which only takes 2-minutes. Once we get that enrollment form in, we will send you a welcome email with a link to start the onboarding process with our lenders. Due to the fact that we work with thousands of lenders, this process can take a few weeks to complete. However, we will submit everything for you and work to make the process as smooth as possible.
Your Only Potential Fees:
Since the onboarding process with the lenders is so detailed and requires a lot of work upfront, we only want to make the effort for Providers who are serious about using the service and not those who are just signing up because it is free. As such, if you do not close one deal within the first 90 days after your lending onboarding is complete, we will charge you a one-time set up fee of $575. Additionally, since we are charged for every credit report this is pulled, we do the following. If you run 10 applications in a month and you do not fund one of them, we will charge you $15 per application for that month. If either of these cases happen and you do not pay the invoice(s), we will immediately suspend your service. If you then decide to pay it and want to re-activate the service, there will be a $195 re-activation charge.
Agreement of Enrollment Terms
If you are in agreement with our enrollment terms as outlined, please complete the enrollment form below and one of our Provider Relations Specialist will contact you within one business day.