Scratchpay
Scratchpay offers transparent medical financing options, including interest-free payment plans and various loan terms, through a network of over 8,000 practices in the US.
Services
Scratchpay offers simple, transparent payment plans for medical financing. The company provides several options, including the 'Take 5' plan where customers can split their bill into five payments with no interest and no hard credit check. Additionally, Scratchpay offers various Scratch Plans with terms ranging from 6 to 24 months. These plans provide loan amounts from $150 to $10,000, with APRs between 0% and 36%.
Payment Options
Scratchpay provides multiple payment plans tailored to meet different financial needs. The bi-weekly Scratch Plans require a 20% down payment of the total amount financed. For more extended terms, such as the 12 and 24-month Scratch Plans, customers are only required to make a $15.00 down payment to obtain financing. Importantly, finding a payment plan with Scratchpay does not affect the customer's credit score.
Network
Scratchpay has a network comprising over 8,000 practices that offer their payment options. This extensive network ensures that customers have widespread access to Scratchpay's services across various locations.
Loan Product Issuance
Scratch Pay plans in the United States are issued by WebBank. Eligibility is required for these loan products, and it is important to note that Scratch Pay plans may not be available in all states, depending on regulatory and other factors.