CareCredit by GE

[Shellie]

I currently have a 584 that should increase after I get my cc's paid down over the next couple months.  Currently sitting at about 60% utl if I'm figuring right.   I need some major dental work done and vision stuff done.  Is it worth it?  Anyone's experiences or advise would be helpful.  I wont be applying for a couple months.  I am assuming my score will be higher when I'm ready to apply.  I read some threads about it.  Do they approve you of a CL based on your score or based on what you need done?

[dddewdrop]

    It is a tough call because it is important to take care of yourself in medical terms. However if you can avoid putting it on a credit card i would at all costs. Do you have a famly member you could borrow money from? I think it is doubtful you will be approved for this card and it certainly isnt the highest reviewed card in the world. Also, who said that you have to get a medical themed card for paying medical expenses? You don't. Depending on your health, I would try to pay down your utilisation first. Depending on what state you live in and your financial situation you may qualify for government assistance with healthcare. Good luck.

[tyler6883]

I applied for care credit about 6 months ago, I was originally given a 1500 CL with a score of around 660,  if I remember correctly they ask how much of a credit line your looking for when you first apply, I believe they take that and your credit report in to consideration.

[dddewdrop]

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@dddewdrop wrote:

    It is a tough call because it is important to take care of yourself in medical terms. However if you can avoid putting it on a credit card i would at all costs. Do you have a famly member you could borrow money from? I think it is doubtful you will be approved for this card and it certainly isnt the highest reviewed card in the world. Also, who said that you have to get a medical themed card for paying medical expenses? You don't. Depending on your health, I would try to pay down your utilisation first. Depending on what state you live in and your financial situation you may qualify for government assistance with healthcare. Good luck.

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   I just realised I didnt answer your question. They will approve your card based on your credit score and other financials. They are not out there to help you with your health. They are not in business as some benevolent organisation.  In fact, if they could discriminate ot even find out your health status they probably would be less likely to approve you  the worse your health was. Think about it. They are in business to make money. The sicker you are, the less likely you are to pay them back. I believe it is illegal or should be to discriminate in that way but they will approve you based on your financials. If you talk to anyone on the phone about the card I would refrain from mentioning any operations you plan to have in the future. I would not share that information. Seriously.... Good luck...

[Shellie]

I have never considered applying for something like this in the past, I have just went without.  The dental is 50/50 cosmetic/necessity, so it can wait.  The vision stuff however is a need, a must.  I don't borrow money unless it is an absolute emergency.  So I wouldn't borrow for this, I would just deal with the old glasses I have currently.  If I choose to apply for this I wouldn't bother applying until I get my current cards paid down and my score goes up.  I don't want to risk a HP only to get denied.  From what I've read it sounds like they give much larger CL initially vs. a cc.  My first cards was approved with a $300 CL with a 560ish score, second cards was approved for $500 with a 584ish score.

[dddewdrop]

Sounds like you are taking a very sensible approach.

[RushXTC]

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@Shellie wrote:

I currently have a 584 that should increase after I get my cc's paid down over the next couple months.  Currently sitting at about 60% utl if I'm figuring right.   I need some major dental work done and vision stuff done.  Is it worth it?  Anyone's experiences or advise would be helpful.  I wont be applying for a couple months.  I am assuming my score will be higher when I'm ready to apply.  I read some threads about it.  Do they approve you of a CL based on your score or based on what you need done?

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It's worth it because they have great financing plans...

However when I applied the first time, I was declined. I already had my BoA card and a bunch of store cards, Yet I wasn't approved... My mom had to co-sign for me. Just think about that, Be ready to have someone co-sign for you.

[determinedchick]

I applied with a TU of 615 and  was declined, had to reapply with my husband, who is in the 700s and was approved for $4200, which is what i asked for.

[jeffery581]

they have 0 APR for a few months so FYI

[Shellie]

I won't be applying for some time.  I need to pay down my other cards and see what my score looks like then.  I don't want to risk a HP for a denial.  I have been striving for no more HP until I go for a mortgage.  I just wanted everyones oninions and advise.  Does this help your score in any way or hurt?