Postby Gt1956 » Fri Apr 01, 2022 12:01 am
I might add that despite popular opinion. Care Credit is a very poor choice in my opinion. Their payment schedule won't get your loan paid off by the free interest deadline. A huge balloon payment is due at the end. If you miss it by one day they'll go back & add all of the deferred interest back in. You'll end up paying interest on money that you had already paid them. Even if you made all the payments & the balloon at the end. If your payment gets the on the due date, its late with a big late fee. Papperwork clearly says the payment is due by 9:00 am. They open the mail like at 5:00pm. Reading their contract & giving them a call is revealing. They were very open about the rules when I used them.
Every single rule is meant to generate late fees & to create income for them from you.
Anyway, this is how they worked about 15 years ago. I put 28 crowns in my wife. The lure of no interest sounded great. But it was just too stressful. I found it to be easier to pay it all off way early.
Oh, I just remembered. Back then 2 years was the longest they ran the free interest for. Divide $20k by 23 just to be safe. That is what you have to pay every month to have a reasonable chance at the free interest.
68yo, HBP at 40, high triglycerides at 45. Phimosis at 57. Type 2 at 60. Dr. William Brant May 1, 2023 CX 21cm w/no rte's penoscrotal 6" girth @ 6 months