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How does
Cherry work?
The following requirements are needed to
properly process a transaction with Cherry
-
Patient must be at least 18 years old.
-
Patient who has a valid U.S. State drivers license
-
Patient who has a valid bank issued debit card
How are patients
approved?
A soft credit check (this will not hurt a borrower’s credit score)
is conducted on each application to determine approval amounts/contract type as well as verify a patient's identity.
Some patients will be given an opportunity to provide further information to be approved. The goal of this additional information is to allow us to verify their employment.
Why does it need to be a bank issued debit card?
We occasionally get asked if patients can use credit cards to make payments. We believe using credit to pay for credit is not a good practice, so we limit payment options to bank issued debit cards. We are constantly evaluating and looking at implementing new forms of payment.