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Questions and Answers
Which type of companies issue medical credit cards?
Which type of companies issue medical credit cards?
- Credit card companies
- Consumer finance companies
- Health care providers
- Specialty finance companies and commercial banks (correct)
What happens to the interest rates on medical credit cards after the promotional period?
What happens to the interest rates on medical credit cards after the promotional period?
- They become zero
- They increase significantly (correct)
- They remain the same
- They decrease
Why are medical credit cards often pushed on patients with modest incomes?
Why are medical credit cards often pushed on patients with modest incomes?
- To help patients with their financial situation
- To guarantee health care providers get paid (correct)
- To ensure patients receive the medical attention they need
- To provide patients with a convenient payment option
What happens if the debt on a medical credit card is not paid in full?
What happens if the debt on a medical credit card is not paid in full?
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When are consumers most vulnerable to financial abuses related to medical credit cards?
When are consumers most vulnerable to financial abuses related to medical credit cards?
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