Care Credit

[HeatherL 40]

I'm going to be self pay and plan on financing with care credit. My husband gave me a reality check tonight and said, "You know if we don't qualify for credit there is no way this can happen." Has anyone had problems getting approved for what they asked for? We have decent credit, a little bit of cc debt, mortgage and one car loan that is about to be paid off. I don't have income though...is it based on household income?

TIA for sharing any experiences you have with care credit!

[TES 858]

I know that Care Credit has been used for years at veterinary offices and I don't think it's terribly stringent to get approved. But what is the interest rate? Maybe you could look into a low-interest credit card instead and only put the surgery on it, and then have a plan in mind to pay off X dollars per month and stick to that plan. I almost look at it as a regular credit card vs a department store credit card.

[TES 858]

Also, if you have a mortgage, that means you have a home, and you have any equity, it may be a better deal to get a home equity line of credit or something along those lines. Might be worth a consultation with a financial advisor.

[HeatherL 40]

They offer 0% interest over a certain time period. We've never been denied any credit and have been able to get super low interest rates on cars and etc. we bought our house right before the market crashed so unfortunately because of our specific loan we have we haven't built up enough equity to take out a loan against it. The thought of not qualifying hadn't even crossed my mind until tonight. Lol

[snochick2005 172]

When I applied, I was approved the same day. I wasn't married, but I am a home owner with average credit. I used it for my boyfriend when he did not have dental insurance a few years ago. One thing to be careful of is if you use it and you don't pay it off during the 0% time limit (depends on the doctors office) you have to back pay the interest. It can be a big whammy!

[Sassygirl06 962]

I got one for my husbands laser eye surgery. 0% for 18 months. I was approved for the cost of his surgery...$3700 I don't have great credit, but I paid it off before I had to pay the interest, and when I asked for an increase for plastics they didn't give me an increase. Pissed me off! I paid on time, and more then I should have ....and they still wouldn't up it so I could have my surgery. Grrrr!

[TES 858]

I got one for my husbands laser eye surgery. 0% for 18 months. I was approved for the cost of his surgery...$3700 I don't have great credit, but I paid it off before I had to pay the interest, and when I asked for an increase for plastics they didn't give me an increase. Pissed me off! I paid on time, and more then I should have ....and they still wouldn't up it so I could have my surgery. Grrrr!

Probably because they prefer the people who don't pay off by the deadline so that they can slam them with retroactive, higher-than-market-average interest. Good for you for paying it off before that happened!

[HeatherL 40]

I applied for carecredit today and was instantly approved for $4,900. Hopefully I can get them to increase the credit limit and I will be good!