I had to get a Care Credit account when I had to have some teeth pulled that were hurting me. This was the only way I had to pay for the procedure. I did not have any dental insurance, because I have a disability and only had Medicare Insurance that did not pay for dental work. I did not have any other way to pay the dentist at the time.
I did not realize that the Annual Percentage Rate was so high on this Care Credit Account, which was 21.98%. I have called them in the past and inquired about such a high interest rate, but they would not lower the rate. This seems like a very high rate considering that my major credit card, Capital One, lowered the interest rate when I asked about it, so why shouldn't the Care Credit lower their interest when times are hard now and the money situation is getting so shaky? The interest rate on this account is ridiculous, and I would never have taken Care Credit if I had not have had to have my teeth pulled.
It is putting a burden on me to pay this on just Disability SSA when my payments are not paying anything on the principle (APR, plus the finance charges).
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