How Is the Down Payment Determined?
Again, this is entirely up to you. As stated above, we recommend that you collect a down payment that will cover at least all of your out-of-pocket expenses. This way, no matter what happens, you won’t be risking a significant loss. A general rule of thumb is to collect 20 percent of the estimated total cost of treatment up front.
What about the Terms of Repayment?
You have control over the terms of the loan, as well. Spread the payments out however you wish for up to 60 months. Of course, your account advisor will gladly recommend the terms best suited to each individual case.
What If a Patient Misses One or More Payments?
As a full-service partner in financing, we will take care of all soft and hard collections on your behalf. We will work with your patients to help them catch up with their payments, offering multiple solutions that will return them to good-standing. Unlike most traditional lenders, we will not penalize your patients by raising their interest rates or hitting them with harsh penalties. Such reactions only make it harder for them to resume a regular payment schedule.
Over the years, we have had remarkably few delinquencies and defaults, proving the effectiveness of our respectful and helpful approach to dealing with late payments.