I got a medical procedure done last March. I paid what I could out of pocket and financed $6000 with CareCredit. The terms are no interest if you pay it off during the promotional period of 1 year. IIRC, if you don’t pay it off in time you get hit with like a 28% interest rate on the original balance, not just the remaining balance.
I had a plan to pay it off in time and was doing fine until I unexpectedly lost my job. Now I’m trying to get a new job but I still owe $3000 and my promotional period ends at the end of this month so I won’t have it in time.
What options do I have? I learned my lesson so please be nice. My medical procedure was necessary and I was certain I could pay it off in time until I lost my job.
original posted by dove127 to r/personalfinance on Mon, 04 Mar 2024 19:59:18 GMT.