United Medical Credit Partners with Genesis Financial Solutions for Enhanced Patient Lending Offerings

United Medical Credit, a leading patient financing provider and recently named one of Inc.’s fastest-growing companies, has announced a partnership with Genesis Financial Solutions to expand its growing suite of lending services. The partnership, effective today, includes an additional revolving credit solution for United Medical Credit’s network of medical care providers. The new financing option will initially be available to cosmetic and plastic surgeons, with more specialties to follow. “Our partnership with Genesis will take us one step further in our mission to provide a financing option to as many people as possible, including those who are currently being underserved by many prime lenders,” says Bronwyn Droog, Vice President of United Medical Credit. Genesis Credit, the nation’s top provider of customized consumer financing solutions for near-prime borrowers, develops innovative programs to give applicants access to second chance financing after being turned down by a prime lender. “We’re truly proud to be a part of the United Medical Credit platform. Our unique partnership will allow further expansion into the elective medical sector and offer second-chance financing to those patients who need it most,” says Mark Denman, President of Genesis Credit. United Medical Credit uses a unique lending waterfall process to maximize loan approvals for applicants, giving medical practices a way to offer financing to patients, whether they fall into prime, mid-prime, or sub-prime lending categories. Genesis Credit’s financing products will provide favorable options to borrowers seeking a line of credit to help them get the funds they need for their desired treatment. “Less than half of the financing applications that are submitted in the healthcare space are approved,” says Matthew Libman, President and Founder of United Medical Credit. “As we continue our rapid growth in 2021, Genesis Credit will help us to reach an even broader spectrum of consumers.” About United Medical Credit United Medical Credit’s mission is to make sure every one of their applicants receives the best customer service and secures the optimal financing terms for healthcare procedures. They understand the physical and emotional difficulties a healthcare procedure can bring and want to do their part to ensure that high upfront costs are not part of the equation. For more information, please visit https://www.unitedcredit.com/. About Genesis Financial Solutions Genesis Financial Solutions, Inc. is the leading provider of near-prime consumer financing through general purpose & private label credit card solutions. Their innovative card programs offer consumers turned down by a prime lender a second chance to access financing with simple terms, competitive rates, and excellent customer service. Genesis Financial Solutions also partners with leading retailers in each of the key industries they serve including furniture, home improvement, jewelry, eCommerce, and more. Additional information may be found at http://www.genesis-fs.com. Follow us on social: Linkedin-in Facebook-f Instagram Twitter

Dental Payment Plans? United Credit Can Help!

5 Ways to Finance Dental Work Are you or your family delaying dental treatment due to financial concerns? You’re not alone. According to industry research, nearly half of insured Americans forgo dental care due to cost. The percentage is as high as 65% for those who aren’t insured. Fortunately, many dental financing options are available to help you get the care you need. In this guide, we’ve listed the five best ways to finance dental work to help you choose the best option for your situation. What is Dental Financing? Before diving into the specific ways to finance dental work, let’s first review what dental financing is. Dental financing assists patients in paying for the high upfront costs of dental and cosmetic dentistry procedures that are typically not covered by dental insurance. While dental insurance can reduce the cost of dental procedures, it typically covers only a certain percentage of the total amount, leaving patients with out-of-pocket expenses.  Patients can use dental financing to pay for these expenses, usually dental loans for a set period, with interest applied to the amount borrowed. However, some dental loans do not charge interest if paid off earlier than the due date. How to Get Approved For Dental Credit Securing dental financing may look different depending on your chosen route, but these are the usual steps you encounter in securing a dental loan: Pre-qualification: Most dental financing providers offer free pre-qualification assessments to provide loan applicants with an estimation of their annual percentage rate (APR). Comparing as many lenders as possible is recommended to determine which option suits your particular needs. Application: After assessing your options, select a provider that matches your needs, budget, and preferences, then submit a formal application. You’ll typically be required to provide basic personal information and submit income documents such as pay stubs and bank statements. Lenders will usually assess your credit score to determine your eligibility for their program. Approval: If you’re approved, the lender will send a loan agreement for signing. Make sure to review the document before signing. After this, your lender will typically send the money within a few business days. But what if your credit score is not good? Credit-challenged individuals still have ways to finance dental work, which we’ll explore in the next section. 5 Smart Ways to Finance Dental Work While dental work can be expensive, this shouldn’t hinder you from maintaining optimal oral health. The list of dental financing options we share below will help you determine the best—and most cost-effective—option for you to fund your dental work:  In-House Payment Plans: One of the simplest ways to finance your dental work is through the payment plan provided by your dentist’s office. Some dentists offer in-house financing, allowing patients to spread the cost of their dental procedures over several months with low-interest rates.  Medical Credit Cards: Medical credit cards are similar to most credit cards, but you can only use them to finance medical procedures. They often come in terms of 12, 18, or 24 months, with a promotional introductory 0% APR interest period for the first 6–18 months. However, depending on your provider, the interest rates for medical credit cards can shoot up to 29% APR once the introductory period is over.  0% APR Credit Card: Individuals with excellent credit scores can qualify for 0% APR credit cards. These cards feature an attractive introductory period (typically up to 18 months) where you won’t accrue interest on your credit card charges. If you manage to pay for your procedure before the promotional period, you won’t pay any interest at all.  Personal Loans: Another way to finance dental work is through personal loans. With this approach, you’ll borrow money from lenders or financial institutions to use for various purposes. They typically don’t require collateral and come with fixed interest rates and repayment terms, making them a more favorable option than credit cards.  United Credit: United Credit provides patients and credit-challenged individuals access to the industry’s best dental payment plans throughout our lending partner network. Our network of dental lenders give  you access to flexible payment plans and finance options. These allow you to pay for dental care with a low monthly rate that fits your budget and lifestyle. And United Credit’s lender network never charges application fees, making it even easier and more affordable to access great dental healthcare, including services such as: Bone graft surgery Braces Ceramic crowns Dental filling Dental veneers Exams and X-rays, including digital X-rays Gum disease treatment Invisalign clear braces Missing teeth Oral cancer screenings Oral surgery Orthodontics Pediatric dentistry Porcelain veneers Restorative dentistry Retainers Root canal treatment Sedation dentistry Sensitive teeth dental plans Sleep apnea treatments Teeth cleaning Teeth whitening Tooth extractions Tooth pain treatment plans Wisdom teeth removal At United Credit, we believe everyone should have a fair chance at accessing regular and emergency dental care for themselves and their families. We also believe that your dental plans should be between you and your dentist. Whether you need wisdom teeth extracted, a simple cleaning, or emergency dentistry, United Credit’s experienced lender network can help make medical dental, and even veterinary care more accessible. Secure Your Dental Financing with United Credit Dental work can be costly, leading many people to delay or avoid necessary treatment due to financial concerns. However, there are many ways to finance dental work, including in-house payment plans, medical credit cards, 0% APR credit cards, personal loans, and dental financing facilitators like United Credit. These excellent services enable patients to choose the best financing option that suits their needs and budget to receive the dental care they require without the burden of high upfront costs. Don’t let financial concerns hold you back from optimal oral health! United Credit strives to keep the content shared on this blog accurate and up to date. You are urged to consult with business, financial, legal, tax and/or other advisors and/or medical providers with respect to any information presented. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial or medical institution. This content is intended for informational purposes only. Follow us on