{"id":751,"date":"2013-11-12T07:56:01","date_gmt":"2013-11-12T12:56:01","guid":{"rendered":"http:\/\/www.nationaltransaction.com\/credit-card-merchant\/?p=751"},"modified":"2013-11-12T07:56:01","modified_gmt":"2013-11-12T12:56:01","slug":"medical-credit-card-abuse-rising-national-transcription","status":"publish","type":"post","link":"https:\/\/www.nationaltransaction.com\/credit-card-merchant\/medical-credit-card-abuse-rising-national-transcription\/","title":{"rendered":"Medical Credit Card Abuse Rising :National Transcription"},"content":{"rendered":"
\"Healthcare<\/a>

Credit: Flickr<\/a><\/p><\/div>\n

Since Medical Transcriptions is one of the product and services by National Transaction Corporation under National Transcription Corporation<\/a> I just want to share this topic.<\/p>\n

The abuse of the medical credit card system is growing by the day because many doctors are making these cards appear like an in-house payment program. Most patients are inclined to pay their doctor for their services directly, but they are more hesitant when a credit card is involved. Some medical professionals are masking the true source of their lending services and thus putting their clients at risk.<\/p>\n

An example of this\u00a0form of abuse can be seen by\u00a0a company called CareCredit. Nearly 90% of New Yorkers in the CareCredit program opted for a program with no interest if the amount was paid in full. A quarter of them ended up paying 26.99% interest on their accounts instead. CareCredit has more than seven million cardholders nationwide, and it is currently the defendant in a\u00a0variety of civil lawsuits.<\/p>\n

If you are offered a chance to take to a credit card to cover your medical expenses, you should fully research the card before signing on the dotted line.\u00a0Fully understand the terms of the card\u00a0before agreeing to anything so you don’t end up in heavy debt.<\/p>\n

Medical credit cards are designed to help people pay for procedures they may not be able to afford on their own. These cards give patients a chance to undergo the procedures their insurance may not pay for, as well as giving the\u00a0doctor the opportunity to get their money right away.<\/p>\n

While this may seem like a great setup, most patients are pressured into getting medical credit cards without knowing the excessive costs\u00a0sometimes associated with them. They can fall into a debt trap very quickly.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Since Medical Transcriptions is one of the product and services by National Transaction Corporation under National Transcription Corporation I just<\/p>\n

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