Synchrony’s CareCredit Launches One-Time-Use Installment Loan for Out-of-Pocket Healthcare Expenses
By PYMNTS
AI summary of the source article
Synchrony's CareCredit has launched CareCredit Pay Later, an enhanced and rebranded installment loan product. The one-time-use loan offers fixed monthly payments to help consumers finance elective health and wellness expenses not covered by insurance.
Why it matters
The product "helps consumers plan and pay for products and elective health and wellness expenses not covered by insurance."
Key facts
- Synchrony's CareCredit launched an installment loan product named CareCredit Pay Later.
- The product is a one-time-use installment loan offering fixed monthly payments.
- The loan helps consumers finance elective health and wellness expenses not covered by insurance.
Source excerpt · PYMNTS
CareCredit, a solution from consumer financing company Synchrony, has launched an enhanced and rebranded installment loan product that helps consumers plan and pay for products and elective health and wellness expenses not covered by insurance, the company said in a Wednesday (Oct. 21) press release. This CareCredit Pay Later product is a one-time-use installment loan that offers fixed monthly […]…