Payment options, explained plainly

Who the lenders are

We work with Hearth and Medallion Bank. They are independent lenders. We are not a bank and we do not carry your paper.

What we can and cannot tell you

We can tell you which lenders we work with and help you start an application. We cannot tell you what rate you will be offered, what term you will qualify for, or whether you will be approved. Those are the lender’s decisions and they depend on your credit profile.

Any contractor quoting you a specific monthly payment before you have applied is quoting you the best-case advertised example, not your payment. Ask what APR and term that number assumes and how it changes if you do not qualify for the promotional tier.

Terms available

Questions worth asking any lender

• What is the APR, not just the monthly payment?
• Is there a prepayment penalty?
• If this is a promotional rate, what does it convert to and when?
• Is interest deferred or accruing during any promotional period?
• What is the total amount paid over the full term?

If this is an insurance claim

Financing and insurance are separate conversations. On an approved claim your out-of-pocket is generally your deductible plus any upgrades you choose beyond what the carrier covers. If financing is being used to cover a deductible in a way that is not disclosed to your carrier, that is a situation to walk away from.