CareCredit Pay Later Launches for Health and Wellness Financing
CareCredit Pay Later is CareCredit’s enhanced installment loan product, which will be presented digitally alongside CareCredit’s revolving credit card to give consumers additional payment options and simplify offer comparisons. Key Highlights: Supporting providers and consumer choice: Offering more payment choices can help providers meet different consumer preferences, while CareCredit manages administrative and billing workflows. One credit application. Two ways to pay: CareCredit Pay Later and the CareCredit credit card give eligible consumers two payment options to help manage care expenses. Responsible credit access: Advanced underwriting through Synchrony PRISM evaluates overall active credit commitments to support responsible lending. Payment predictability drives consumer decisions: 80% of surveyed consumers say payment options influence which provider they select, and 77% say having flexible payment options is critical ...
