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Be Careful With Financing Companies



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I have been working with Medicalfinance.com for a month now. My surgery is scheduled for next Friday the 23rd and I was called today and notified that the company that was financing my loan closed thier doors. REALLY?? Just like that?

The verification process is worse than being approved to by a house. I even got a call from the loan company verifiying information from my husband and I the day before yesterday. What the heck???

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Oh my gosh, I'm so sorry. What are you going to do now?

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They say that another company is going to pick it up. But, I don't know what to believe at this point and my payment needs to be received by the 20th

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:(

I'm so sorry you are going through this! That's terrible.

Have you tried CareCredit.com? I know I was approved in moments and they are pretty well known, I highly doubt they are close to shutting down shop.

Good luck in your future endeavors! Please let us know how everything turns out.

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I also used carecredit to finance part of my surgery (used the credit union for the rest)--got approved within a few minutes online...hope everything works out!

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I'm not sure what to do. I applied with Cosmeticredit five days ago. Haven't received an email, their phone lines just give a busy signal, they haven't replied to my emails. Their website advertises "instant decisions" and I haven't heard ANYTHING. Very disappointed.

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Stephanie,

I used CareCredit for some dental work a few years ago. Yes they approved my application pretty quickly, but I didn't ask them exactly what my monthly payment would be and pretty quickly discovered that no or low interest means a high monthly payment. Also CareCredit is a division of General Electric, so I think it is safe to assume they are pretty stable.

Hope that helps some.

Robbie

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I was approved in minutes also, the rest of the process with verifications has been just ridiculous. At this point I feel like I have no choice but to stick it out

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    • BeanitoDiego

      Oh yeah, something I wanted to rant about, a billing dispute that cropped up 3 months ago.
      Surgery was in August of 2023. A bill shows up for over $7,000 in January. WTF? I asks myself. I know that I jumped through all of the insurance hoops and verified this and triple checked that, as did the surgeon's office. All was set, and I paid all of the known costs before surgery.
      A looong story short, is that an assistant surgeon that was in the process of accepting money from my insurance company touched me while I was under anesthesia. That is what the bill was for. But hey, guess what? Some federal legislation was enacted last year to help patients out when they cannot consent to being touched by someone out of their insurance network. These types of bills fall under something called, "surprise billing," and you don't have to put up with it.
      https://www.cms.gov/nosurprises
      I had to make a lot of phone calls to both the surgeon's office and the insurance company and explain my rights and what the maximum out of pocket costs were that I could be liable for. Also had to remind them that it isn't my place to be taking care of all of this and that I was going to escalate things if they could not play nice with one another.
      Quick ending is that I don't have to pay that $7,000+. Advocate, advocate, advocate for yourself no matter how long it takes and learn more about this law if you are ever hit with a surprise bill.
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