Most companies are online lenders with one set of approval guidelines. FYC is a management company working with 30+ Lenders and most of the patient financing companies.
Yes. Working with several banks, finance companies, credit unions and special finance programs, we can actually offer a payment plan to every patient regardless of credit.
Rates and terms are based on credit score. But generally speaking, the lender rates start at 5.9% for five years, and we have programs with starting rates of 0% up to 21 months.
You will get paid 100% of your fee on all loan closing using one of our Credit Issuers. You get the same pay-out as you do now if the loan is closed with a company, you already use. We only charge you $29 on each funding.
As a management company, we will be working for you as your finance department. As such, we will handle everything from taking applications, to getting you paid. For our service we charge a flat fee of $475 per month.
Through our technology, you will get an instant pre-qualification. But then our Finance Managers work one-on-one with the Applicant to find the best offer. Sometimes that takes up to one hour.
Yes. FYC is here to help you get as many people closed and funded as possible. Sometimes the best offer may be with a lender you use now. In those rare cases, we will actually encourage you to use your lender.
Your payment is based on who the lender is. It could happen within 24 hours via a direct deposit into your account. On the other hand, it could take 5 days and come from money paid to the Applicant's bank.
This sounds pretty basic, but we have one policy we ask every provider to follow. Do not extend services until you are paid in full. We have to encourage this policy, as there are so many funding variables with our lenders.
The main factor all lenders use in approving an application, is credit score. Patient Financing companies cannot share the reports as they use it to make an actual credit decision. We can share it as we use it as a guide.
No. Through our affiliation with Credit Technologies and Trans Union, we are able to provide a complete credit report on each Applicant. While this is a full report, it will not affect their credit or show on future reports.
No. Finance Your Care was designed by doctors and so we understand they do not want to get involved in long term contracts. We believe that by providing a good service at a fair price, you will stay with us. .