Over the past few days, many dentists who use CapitalOne Healthcare Finance have received this letter (download below) that announces, as of April 10th, the company will not accept requestes for and will not approve any loans for patients. Loans approved or funded prior to this date are in the clear. The rebate program for dentists ended April 1st, and last payments will be made by April 30th. The letter also instructs dentists to remove CapitalOne HCF from advertising, including website links, and to trash all promotional materials.
If you have questions about CapitalOne pulling out of healthcare financing, call 877-559-5050. The letter suggests, as do most experts, that you provide your patinets with financing options. This part is from DentalBlogs, not CapitalOne… CHASE got in the game this year, and I’m sure that company, the biggie CareCredit, or some of the smaller ones, like Springstone and the patient financing arm of Wells Fargo, would be more than happy to help your patients finance dental work!
See the letter here:
2 responses so far ↓
1 Boulden // Apr 4, 2009 at 5:17 pm
It’s unfortunate that Capital one decided to pull the plug on healthcare financing. We had a great relationship with them in my opinion. Does anyone have any experience with Chase?
2 Boulden // Apr 4, 2009 at 5:17 pm
It’s unfortunate that Capital one decided to pull the plug on healthcare financing. We had a great relationship with them in my opinion. Does anyone have any experience with Chase?
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