aquamarinebug Posted February 5, 2009 Report Share Posted February 5, 2009 Question..I need to take a loan through Care Credit for some upcoming surgery. I am deathy afraid to apply for fear of denial.I have scores in the mid 600's - what is the probabilty I will get approved for 6000? Especially with the economy I am scared to death - BUT I just took out some 401K money I am going to pay off my cc's with because they call carry high balances, so hopefully this will help.Any suggestions!??! Link to comment Share on other sites More sharing options...
sgip2000 Posted February 6, 2009 Report Share Posted February 6, 2009 You're having to borrow from your 401K to pay bills and you need a loan for cosmetic surgery?Is this surgery really necessary? Link to comment Share on other sites More sharing options...
aquamarinebug Posted February 6, 2009 Author Report Share Posted February 6, 2009 You're having to borrow from your 401K to pay bills and you need a loan for cosmetic surgery?Is this surgery really necessary?sadly, yes. Wish it wasn't. Link to comment Share on other sites More sharing options...
sgip2000 Posted February 6, 2009 Report Share Posted February 6, 2009 Well, if it's necessary, go ahead and apply. The worst that will happen is you get denied. Link to comment Share on other sites More sharing options...
Dre Posted February 6, 2009 Report Share Posted February 6, 2009 You might get approved; I got approved for $900 with scores in the lower 600's.Good luck! Link to comment Share on other sites More sharing options...
Aerovette Posted February 6, 2009 Report Share Posted February 6, 2009 I applied when my scores were mid 600s and got a $2500.00 CL. Last month they cancelled the card. Two or three years with zero balance did me in. Link to comment Share on other sites More sharing options...
aquamarinebug Posted February 6, 2009 Author Report Share Posted February 6, 2009 Thanks, guys! Link to comment Share on other sites More sharing options...
wrenchdevil Posted February 12, 2009 Report Share Posted February 12, 2009 My fiance applied for this card for some emergency dental work, her fico's are around 730, but because of high utilization she only recieved a $1000 CL, which pretty much only gets you a set of xrays, a good cleaning, a cavity filled and a complimentary toothbrush these days. Link to comment Share on other sites More sharing options...
Dre Posted February 12, 2009 Report Share Posted February 12, 2009 My fiance applied for this card for some emergency dental work, her fico's are around 730, but because of high utilization she only recieved a $1000 CL, which pretty much only gets you a set of xrays, a good cleaning, a cavity filled and a complimentary toothbrush these days. True that. Whatever happen to not paying for so much at the dentist? I used to love going, but now I don't even enjoy going to the dentist or any doctor. Trying to break my bank Link to comment Share on other sites More sharing options...
aquamarinebug Posted February 16, 2009 Author Report Share Posted February 16, 2009 My fiance applied for this card for some emergency dental work, her fico's are around 730, but because of high utilization she only recieved a $1000 CL, which pretty much only gets you a set of xrays, a good cleaning, a cavity filled and a complimentary toothbrush these days. for the card or the loan?There is a difference, from what I understand. Link to comment Share on other sites More sharing options...
Aerovette Posted February 16, 2009 Report Share Posted February 16, 2009 Hmm, I didn't think there was a difference. I applied for a loan, and I received a card. It is not backed by Visa or MC or anyone else so I assumed the card was the "loan". Link to comment Share on other sites More sharing options...
wrenchdevil Posted February 16, 2009 Report Share Posted February 16, 2009 Not really sure if it is considered a loan or a card, but does it really matter? They issue a credit limit, you use that towards your dental/medical expenses, you pay it off in the alloted time, with interest depending on the payment option you choose.. Pretty simple stuff. If you are wondering how it will show up on a credit report, I have no idea. I highly doubt that whatever they give you will be enough to cover all the expenses of pretty much any work one needs to have done. I think the intent is more to just ease the burden of coming up with $$$ all at once. It's rare to find a dentist that will set up a payment plan..not sure about plastic surgeons. Link to comment Share on other sites More sharing options...
aquamarinebug Posted March 18, 2009 Author Report Share Posted March 18, 2009 Thanks guys. I think I am gonna wait a bit to apply. I mean, with all the trouble the economy is in - are they even approving ANYONE for Credit Cards?!? Link to comment Share on other sites More sharing options...
shdubu Posted April 10, 2009 Report Share Posted April 10, 2009 I was approved for a $4000.00 All three scores in the mid 600's Bankruptcy, pd, judgment and collection.I believe its through GEMBWe applied so my husband could get lasik, his procedure is 2500.00 since there was extra left I called the dentist to see if I could use it there, I was told you can use it anywhere they accept Care Credit, which is most dental/Medical/even Vetrinarian Places Link to comment Share on other sites More sharing options...
bambamokc Posted April 11, 2009 Report Share Posted April 11, 2009 I had scores in the mid 600s and was approved for a CL of $15,600 in early 2007. I used it once for MAJOR dental work and paid it off completely in November of 2008. IN January 2009 I was notified they had cut the CL down to $1,300 due to "high credit utilization" although I must point out that I have not opened any new lines, had any late payments, or went on any sort of credit binge...my utilization was about what it always is. Then, last week, I got another letter stating that because the account had been inactive they were closing it. So, the sad truth to this tale is the beating my credit score got due to the initial CL reduction and then the closure "Account Closed by Credit Grantor" simply because I wasn't using the account. Although I have upcoming dental work scheduled, I suppose I didn't spend money fast enough to suit them. Funny, you are damned if you have any high utilization or damned if you have no utilization in just a few months. Paying off $15,000 in a little over a year I would have thought would have demonstrated my creditworthiness to most lenders. I cannot tell you how appalled I am at the way GEMB does business. I'm wondering how long it will be before my WalMart card is altered. Link to comment Share on other sites More sharing options...
Laine540 Posted April 16, 2009 Report Share Posted April 16, 2009 That's terrible for the card to close that soon for inactivity. I sure wouldn't need another "closed by credit grantor" on my report.aquamarinebug, I'm not sure if this is a silly suggestion or not. But since the surgery is necessary, have you considered taking the 401k withdrawal that you just made, and instead of paying down present cc balances, use it to make a down payment toward the coming surgery? If you make a prepayment, it might be easier to get approved for a much lower amount altogether, if you need additional financing.Just a thought - Link to comment Share on other sites More sharing options...
Mische Posted May 10, 2009 Report Share Posted May 10, 2009 It's not impossible -- I had a 650 and I got approved. Link to comment Share on other sites More sharing options...
Goalie Posted May 21, 2009 Report Share Posted May 21, 2009 I had scores in the mid 600s and was approved for a CL of $15,600 in early 2007. I used it once for MAJOR dental work and paid it off completely in November of 2008. IN January 2009 I was notified they had cut the CL down to $1,300 due to "high credit utilization" although I must point out that I have not opened any new lines, had any late payments, or went on any sort of credit binge...my utilization was about what it always is. Then, last week, I got another letter stating that because the account had been inactive they were closing it. So, the sad truth to this tale is the beating my credit score got due to the initial CL reduction and then the closure "Account Closed by Credit Grantor" simply because I wasn't using the account. Although I have upcoming dental work scheduled, I suppose I didn't spend money fast enough to suit them. Funny, you are damned if you have any high utilization or damned if you have no utilization in just a few months. Paying off $15,000 in a little over a year I would have thought would have demonstrated my creditworthiness to most lenders. I cannot tell you how appalled I am at the way GEMB does business. I'm wondering how long it will be before my WalMart card is altered.I really dislike Care Credit's practices as well. I have a card from them but don't use it, I only got it for an emergency vet visit and never used it after that. Sorry about your luck with them too..I guess you didn't rack up enough interest for them to keep your account open. Link to comment Share on other sites More sharing options...
tmac01 Posted September 3, 2009 Report Share Posted September 3, 2009 I have emergeny dental work I'm getting this Friday and I have superior Blue Cross dental insurance but I still need a $1,000 to pay the bill. Care Credit approved me for $10,500 with scores in the 700's ..... Link to comment Share on other sites More sharing options...
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