Client Info Page — scratchpay.info (2024)

FAQs

Why am i not approved for Scratchpay? ›

Scratchpay looks a number of factors when evaluating your profile. Some of our factors to consider are: Credit score: we encourage our applicants to have above a 580 credit score for best chance of approval! Your age: we love pet owners of all ages, but you must be at least 18 years old to apply.

When a patient applies for Scratchpay, is there an effect on their credit score? Checking to see what a patient qualifies for and accepting a Scratchpay plan will not affect their credit score. If the patient signs the promissory note for one of Scratchpay's 12 or 24 month plans, one hard credit inquiry will be made.

It's important to note that both Care Credit and Scratchpay have different eligibility requirements and interest rates. Care Credit is typically easier to qualify for and may offer promotional financing options with no interest if paid in full within a certain timeframe.

Every loan has a grace period, a period of time after your due date in which you may incur a late fee. Review your loan statement to confirm your time frame. Note that during this time, you'll still be accruing interest on your unpaid balance.

You Have Poor Credit or No Credit Score

Many credit card issuers check one of your credit scores when deciding whether to approve an application, and the interest rate and credit limit on new accounts. If you have a low credit score, you might find it's difficult to qualify for many cards.

Scratchpay is not a credit card so applying will not affect your credit score.

All payment plans and loans are subject to approval and, with respect to the loan, the rate for which individual borrowers qualify may vary based on individual credit history and other factors.

The credit score you need for the CareCredit Credit Card is 640 or better.

Autopay enrollment is required. **Scratch Pay plans are available in 12 to 36 month terms, range in approved loan amounts from $200 to $10,000, and with annual percentage rates (APR) ranging from 0% to 36%, with the lowest rates for borrowers with exceptional credit profiles.

What is the difference between scratchpay and CareCredit? ›

The payment plans offered by Scratchpay and Carecredit are similar in that they both offer flexible financing options that can be tailored to fit different budgets. Scratchpay offers payment plans ranging from 0% - 30% interest, while Carecredit offers plans ranging from 0% - 26.99% interest.

Patients can apply to pay with Affirm in a matter of seconds, spreading out their payments over time and easing the burden of upfront costs. This additional payment option is available for dental, optometry, veterinary or medical practices.

You typically need a credit score of 580 or higher to qualify for a Scratchpay vet loan. If you need the loan to provide a deposit before an expensive treatment, you may apply before treatment is rendered using the estimate for treatment.

Can I make extra payments or pay off my Scratch Plan early? Certainly!

"John Keatley is the Co-Founder and CEO of Scratchpay, a point-of-sale lender that aims to help pet owners quickly obtain affordable financing for veterinary care.

All payment plans and loans are subject to approval and, with respect to the loan, the rate for which individual borrowers qualify may vary based on individual credit history and other factors.

The credit score you need for the CareCredit Credit Card is 640 or better.

To qualify for an EasyPay Loan:

You need to hold an EasyPay Everywhere account for 3 months or longer. For a 1-month loan, you will need a 3-month bank statement or letter of grant approval and SASSA bank confirmation. Biometric verification in a branch will be required.