dental financing for patients

Dental Financing with ‘Bad’ Credit

Going for regular dental checkups is a must for our oral health. It is directly linked to your overall well-being, and timely treatment of any teeth issues can save you from more severe ailments. However, some treatments could be more serious than others and require time-consuming and expensive procedures. This is where dental financing comes into the picture. It helps both patients and dentists deal with the high expenses. However, bad credit could affect a patient’s access to some of these financing means.  

Importance of dental financing 

When a patient opts for a treatment procedure, he/she may not be able to pay for it at once. In the form of instruments like third-party loans, easy treatment packages, etc., dental financing becomes really helpful to ease out-of-pocket expenses. If a patient borrows from a lender, he/she has to repay the fee and interest on the money borrowed.

What is ‘bad’ credit?

If an individual has been consistently failing to pay bills on time and their credit history shows that they may fail to make timely payments in the future, it is considered as a low credit score. In such a situation, a person with bad credit will find it difficult to avail of loans/financing solutions at good interest rates.

Implications of bad credit in dental financing

If a patient has bad credit, it could be difficult for him/her to get any sort of financing, including loans for dental treatment. Bad credit could lead to the lender denying the patient loan because he/she may not be able to repay on time. In addition, even if the loan is sanctioned, the interest rates could be higher and not really easy on the pocket.

Way Forward

If a bad credit comes in the way of a patient getting a loan for any dental procedure, the dental clinic can help the patient. For long-term procedures like orthodontic treatment through clear aligners, the clinic can easily introduce affordable plans and packages. For example, for clear aligner treatments, OrthoFX offers FXPay, which is suitable for all kinds of payment plans, regardless of a credit score. A patient can check suitable packages and how much he/she has to pay upfront or via installments even before embarking on the treatment journey. To know more about the payment plan and how a bad credit score may not affect availing of the packages, you can get in touch with our VIP concierge team. Remember, the idea is to provide every patient with a bright and beautiful smile, and nothing, not even bad credit, should be a hindrance.

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Estimated Additional Costs (Per Case)
Financing and transaction charges$450
Insurance verification and claim processing$100
Clinical Advisory and Virtual TC$150
Case Monitoring costs$60

*The values have been calculated on a base treatment cost of $5000. The value
for each service is an average derived from a pool of cases that used the respective service.