Myth Busters

Many doctors are unaware of just how significantly CareCredit has changed. We invite you to learn about patient financing as we respond to some of the most common misperceptions.

Fiction: Patient financing programs are too difficult to use and will cause more work for my busy team.

Fact: CareCredit is streamlined and simple. The application requires only a few fields of information and takes less than 1 minute to complete. It’s even faster if you use leading practice management software that is already integrated with CareCredit. Submitting an application can be done by smartphone, phone, or online. Credit decisions are instantaneous and your practice receives payment within 2 business days. Plus, your team receives FREE customized training and all the materials they need to successfully add CareCredit as a payment option.

Fiction: Approval rates and credit lines are too low.

Fact: CareCredit has steadily increased credit lines and approval rates. Customized healthcare credit scoring enables CareCredit to provide credit lines designed to meet the needs of today’s dental patient. Your office submits a credit line request for treatment and we do our best to meet the requested amount.

Fiction: If my patient doesn’t pay, I’m responsible for the treatment fee and will have to put them in collections anyway.

Fact: With CareCredit, the financial relationship is between us and the patient. There is absolutely no responsibility to the doctor or practice if the patient delays payment or defaults.¹

Fiction: Patients don’t need it. They already have a way to pay with their Visa or Mastercard.

Fact: Because CareCredit is a credit card only for dental and healthcare needs, patients can save their consumer cards for day-to-day household expenses. Patients need and appreciate having reduced interest payment options. Which is why research has shown that 86%² of patients using CareCredit would recommend CareCredit to a friend or family member.

Fiction: Patient financing is only for large cases over $1,000. Even though I’d like to do more cases like that, the majority of mine are smaller, so I don’t need patient financing.

Fact: CareCredit is good for any case of any size. So, if you'd like to do more large cases, you can make it easier for patients to accept treatment by offering a monthly payment option that fits comfortably in their budget. For smaller cases including hygiene and co-pays there is no minimum purchase on our 6 Month No Interest if paid in full within the promotional period^* on qualifying purchases made with your CareCredit credit card account. Interest will be charged to your account from the purchase date if the promotional purchase is not paid in full within the promotional period. Not all promotional options are available at all Participating Professionals. Minimum Monthly Payments Required and may pay off purchase before end of promotional period.

^* Click here for Details and Terms

¹ Subject to representations and warranties in the CareCredit Acceptance Agreeement for Participating Professionals.

² CSI Study