Should I use my new credit card to pay off care credit for the dental procedures I am having done?

Question

My teeth have been bothering me for such a long time now and I could never afford to get a root canal or the fillings I needed. Now I was able to get discounted prices but since being umemployed recently my money is tight.

I could pay cash for the procedures but then my savings for moving would be diminished or I could use the new credit card I never used it. This way, using the card I will still have the money to move. What should I do? I go in on Monday to have the flipper placed in as well as the root canal. Any good advice would help.

Btw, I signed up for care credit so they took care of things but those bills will still be coming up next month--I wanted to just pay it all off at one time with the credit or cash in my checking account. I really am tight on money/never spend a lot of money, so any good advice would help. Thanks!

Answer 1

It would be good to do both. Use some of your savings to cut down on your card usage percentile...you want to keep it below 25% of the card limit. Charge the remainder and be diligent in repaying the rest.

Answer 2

Tip: if the balance is over $100.00, don't use it.

Answer 3

No, pay cash!

paying ANY interest = paying more.

If you are unemployed and/or wish to minimize spending, this is a HUGE no-no!

Having no money in the wallet is hundreds of miles ahead of being in debt.  Dental offices have paymentplans that charge no interest.  I would negotiate directly with their accounts supervisor and request monthly payments.