I need $17000 in dental work and need to know what options are best applying with CareCredit?

[Anonymous]

Hi! This is my first time on this forum, but you guys are collectively the most impressive financial group I have ever seen!!!
So, I'm getting a very complex set of bone grafted tooth implants (essentially rebuilding my teeth). My dentist extracted and prepped 6 teeth for grafting which cost me $2500 in cash, and waited for a total cost to finish the work. He called last night and quoted me $17000. But said he had no payment plans, only accepted cash or Credit Care (which I found out is a credit card from Synchrony Bank).
So, I've been working on my credit for the past year, and am about 740+ (Equifax), and about 730+ (Trans). I make only 65,000+ a year. However, my mother who is the National Director for a Home Health co. (Makes about $130000+ annually) wants to help pay half, but her scores are much lower (about 667 to 690).
My questions are these: should I apply on my own and try for the whole $17,000? Should I co-apply with my mother even though her score is lower, but she obviously can back up my application financially?
Also, I looked online and saw that there is a Care Credit Mastercard, which seems like a better deal for use since it should only take a few months to pay my dental debt.
Would either of us be able to be approved for that Mastercard card?
Or for a regular Care Credit card?
Or get the full $17000 with our scores or incomes?
What seems like the best way to approach this?

Thanks in advance for any advice anyone can give! I'm so clueless about this whole dental card thing and I'm nervous about what to do. 😞

[Anonymous]

I think each of you all should apply separately. You'll have 2 cards with 2 credit limits.

[Anonymous]

Cool! I was kinda thinking that way, but didn't want to feel like a jackass for applying twice!
Does it matter if we try online by ourselves or apply through our dentist? Or do both ways seem equally good?
I read that the dentist's office can usually get the amount you need because they explain the cost to the Creditor.
But, if it's for the MasterCard, ... I'm thinking online might be best.

Thank you very much! 😀

[UncleB]

Hi @Anonymous, and welcome to myFICO!  

I've moved your thread to 'Credit Cards' for additional exposure, and I've removed your duplicate threads.  Please refrain from cross-posting; it's confusing to follow (and is against our TOS). 

Again, welcome!

--UncleB

myFICO Moderator

[HeavenOhio]

If you're able to directly apply for the CareCredit MasterCard, do that unless someone chimes in and suggests that there's some disadvantage that I'm not thinking of. A MasterCard can be used anywhere. The standard CareCredit card is much more limited.

I like the idea of both you and your mother applying. That way, you can split the cost accord to the limits you receive. However you decide to split the bill, given the cost of your procedure, you're likely to be given 24 months to repay.

When you apply, you'll probably be asked for an "estimated cost of procedure." Don't be afraid to put in a generous amount. Synchrony has been known to issue limits barely over the cost of the procedure, resulting in a maxed out card.

[Anonymous]

Does Care Credit offer any sort of 0% for X amount of time when you get their product?  I had one maybe 10 years ago and don't recall if they do, but do remember a ridiculously high ~25% interest rate.  How long are you planning to taking to pay off the amount of the procedure you're getting done?  To me, Care Credit was the Devil way back when and not a product I would ever use again or recommend to anyone.

[HeavenOhio]

It’s a deferred interest deal. I didn’t like them and got rid of the card. But in this case, it seems to be the right fit.

[Kree]

Deferred interest card. Make sure you figure out proper payments to avoid the interest. Even 1 dollar left at the droptime will mean all of the accrued interest is due. Minimum payments won't get you in the same ballpark as what you need to be paying.

[Harvey26]

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wrote:
Hi! This is my first time on this forum, but you guys are collectively the most impressive financial group I have ever seen!!!
So, I'm getting a very complex set of bone grafted tooth implants (essentially rebuilding my teeth). My dentist extracted and prepped 6 teeth for grafting which cost me $2500 in cash, and waited for a total cost to finish the work. He called last night and quoted me $17000. But said he had no payment plans, only accepted cash or Credit Care (which I found out is a credit card from Synchrony Bank).
So, I've been working on my credit for the past year, and am about 740+ (Equifax), and about 730+ (Trans). I make only 65,000+ a year. However, my mother who is the National Director for a Home Health co. (Makes about $130000+ annually) wants to help pay half, but her scores are much lower (about 667 to 690).
My questions are these: should I apply on my own and try for the whole $17,000? Should I co-apply with my mother even though her score is lower, but she obviously can back up my application financially?
Also, I looked online and saw that there is a Care Credit Mastercard, which seems like a better deal for use since it should only take a few months to pay my dental debt.
Would either of us be able to be approved for that Mastercard card?
Or for a regular Care Credit card?
Or get the full $17000 with our scores or incomes?
What seems like the best way to approach this?

Thanks in advance for any advice anyone can give! I'm so clueless about this whole dental card thing and I'm nervous about what to do. 😞

---

Have you looked as possibly getting a credit card with like a local CU that may yeild a lower rate or even maybe a 0% card with a BIG SUB. 

[Anonymous]

I have Care Credit and presently have 0% for 24 months on my balance. I love my card.