Veterinary Financing and Pet Care Credit by ExtendCredit.com

Find the Alternative for Affordable Pet Care

A recent study done by Veterinary Economics showed that 89% of Pet/Animal owners declined services because they could not afford them. This is bad for the pet owner and pet and is not good for the veterinarian's business. Pet insurance only covers a small portion of the costs and traditional third-party financing programs are approving fewer and fewer applications due to the credit crunch. To get pets needed services while also meeting the veterinarian's business needs, pet owners can use a veterinarian or animal hospital that offers our pet pet health care payment plan program. This program allows them to get needed services while getting a payment plan they can afford.

ExtendCredit.com, an online provider of customer financing plans for small and mid-sized businesses, has a new program designed to help Veterinarians and Animal Hospitals looking for ways augment their third-party financing options or to help pet owners get needed services using their own extended payment terms to pet owners for affordable pet care.

Many veterinarians and animal hospitals are concerned about offering internal financing payment solutions because they dont think they will get paid all that they are owed. In our experience, using best practices along with ExtendCredit.com's instant credit and fraud verification service and automated payment system, well run payment plan offerings will rarely experience collection problems. Charging a modest interest rate can be a good overall strategy for covering defaults and often can make the program profitable for the business.

Here are some benefits you receive using ExtendCredit.com:

If Veterinarians and Animal Hospital administrators would like more information, please visit our Inquiry Center website or call (888) 364-2808.

ExtendCredit.com is a division of BillWise, Inc., and is headquartered in Aliso Viejo, California. More information is available at ExtendCredit.com.

• Get pets needed services and grow your business with pet care financing.
  More than ever before, consumers lack the available credit or cash balances to accommodate unplanned expenditures. Payment plans help consumers buy what they really want, increase customer loyalty, and increases sales.
• Complement 3rd party veterinary financing programs.
  ExtendCredit.com gives the veterinarian a solution when patients either have insufficient pet insurance or do not qualify for third party financing. Using best practices and ExtendCredit.coms credit bracketing system, the veterinarian can implement a strategy based on his/her own business.
• Reduce AR write-offs & increase collections.
  ExtendCredit.com enables you to offer the option of a payment plan to qualified accounts receivable accounts, thereby reducing write-offs, increasing collections, and accelerating cash flow.
• Quick & easy payment collection.
  ExtendCredit.com manages and collects the payments due you and automatically deposits the funds into your bank account each week. The system is automated and optimized for efficient, low-cost collection and disbursements of funds using ACH.
• Manage collections risk and keep control of your pet care credit and veterinary financing.
  ExtendCredit.com gives you the tools to mitigate the risk of extending payment terms, while keeping you in compliance with lending regulations and laws. Our real-time reports provide detailed visibility into all payment plans, cash flow, and problem accounts to help you stay in control.
• We're here to help you succeed offering your own pet health care payment plans.
  From toll-free merchant support, online training videos, borrower support, to contract services to aid in converting existing plans into ExtendCredit.com, we are here to help you be successful.