SANDY DENTAL
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what is it?
CARE CREDIT AND LENDING CLUB
CareCredit and LendingClub are both financial services companies that offer loans.
CareCredit is specifically focused on providing financing for healthcare expenses, such as dental, veterinary, and cosmetic treatments and is generally accepted only at healthcare providers who have partnered with the company. On the other hand, LendingClub offers a broader range of loans, including personal loans and business loans. CareCredit acts more like a credit card, while LendingClub works like a loan.
The interest rates and fees associated with each company's loans may differ significantly. CareCredit offers special financing options, such as 0% interest for a limited time, whereas LendingClub interest rates can vary depending on the borrower's creditworthiness and other factors.
At Sandy Dental, we use CareCredit and LendingClub to offer our patients a way to finance their dental treatment. Teeth whitening, implants, veneers, InvisAlign, hybrid dentures, and all general, cosmetic, and implant dentistry services are available for financing.
how do i apply?
APPLYING FOR FINANCING
Once they know their course of treatment, patients can apply for financing directly in our dental office in Miami. Patients can also apply through the CareCredit or LendingClub websites.
Like any credit card or loan application, please keep in mind that your credit will be checked.
what happens if my application is rejected?
OTHER FINANCING OPTIONS
If your application at CareCredit or LendingClub is rejected, there are other possibilities for financing available:
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Personal Loans: Patients may consider taking out a personal loan from their bank or online lender to pay for dental treatment. These loans typically have fixed interest rates and repayment terms.
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Credit Cards: Patients may also use a credit card to pay for dental treatment. Some credit cards offer promotional financing options with low or no interest rates for a certain period of time.
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Other Financing Services: There are many companies similar to CareCredit or LendingClub which offer patients a way to pay for their treatment. SoFi, Upgrade, OneMain Financial, Marcus by Goldman Sachs, and many others. This article by CreditKarma explains some of these options in further detail.
what is the difference between CareCredit and LendingClub?
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CareCredit is specifically focused on providing financing for healthcare expenses, such as dental, veterinary, and cosmetic treatments. On the other hand, LendingClub offers a broader range of loans, including personal loans, business loans, and auto refinancing.
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CareCredit is generally accepted only at healthcare providers who have partnered with the company, whereas LendingClub loans can be used for a wide variety of purposes and are not restricted to a particular set of vendors.
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The underwriting criteria for CareCredit is generally less stringent than that of LendingClub. This is because CareCredit is often used for smaller loans that may not require as much scrutiny, whereas LendingClub loans can range from a few thousand to tens of thousands of dollars.
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The interest rates and fees associated with each company's loans may differ significantly. CareCredit offers special financing options, such as 0% interest for a limited time, whereas LendingClub interest rates can vary depending on the borrower's creditworthiness and other factors.
a thank you to our patients
We'd like to take this opportunity to thank our current patients. Your trust in us and your kindness towards our staff brighten our day. Not only do you allow us to feel fulfilled professionally, but by patronizing our office you provide us with our daily bread. For this, and so much more, we are grateful to our patients.
