On paper, Scratchpay seems like an innovative financing solution to help pet owners. If Scratchpay Is So Great, What’s the Problem? If you pay off your loan early, you don’t get any penalties. Scratchpay charges penalties for late payments and for partial payments (less than the actual due amount). You can select manual or automatic payments through the Scratchpay app. Scratchpay would pay your clinic within two days of your signing on the plan. 24-month loans where the interest depends on the amount and other factors.12-month loans where the interest depends on the amount and other factors.This plan has 0% APR as well.Īpart from those two plans, Scratchpay also offers two other longer plans: They also have a ‘Take 5’ plan where you can make a 20% down payment when you sign on and then pay the rest in 4 installments of 20% every two weeks. In terms of interest, Scratchpay has 0% APR for 90-day loans. They perform soft credit checks to evaluate candidates and have an internal merit-based system to hand out loans. The lowest amount you can borrow from this financial platform is $35 and the highest is $10,000. If the medical expenses increase, you can apply for another Scratchpay loan and manage multiple accounts at once. Thousands of vet clinics are using this veterinary financing solution currently and this number might surely increase with time.īasically, Scratchpay is a short term loan that you apply for when you need to pay a big veterinary bill. Scratchpay doesn’t affect the credit score of its clients and is becoming popular among vets and pet owners. It allows people to pay their vets through payment plans that can last from 5 to 24 months. Scratchpay is a loan provider for pet owners. Even though they seem like an excellent option, this company has several serious issues. In my Scratchpay review, I want to help you understand why you should avoid this financing provider. Scratchpay – Terrible Veterinary Financing and Poor Customer Support
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |