Disclosures & representative examples
The financial facts behind every number on this Site, who actually lends, how we're compensated, and the representative examples regulators expect to see next to any rate or payment claim.
Cherry Payment Plans at a glance
What a plan costs in total
Standard amortisation, rounded to the nearest dollar. A down payment of about one monthly payment is typically collected at checkout and is included in the total.
| Amount financed | Plan | APR | Monthly payment | Number of payments | Total finance charge | Total of payments |
|---|---|---|---|---|---|---|
| $1,200 | Pay-in-4 | 0% | $300 | 4 (every 2 weeks) | $0 | $1,200 |
| $1,500 | Monthly 0% APR | 0% | $63 | 24 (first ≈ $63 due at checkout) | $0 | $1,500 |
| $3,500 | Monthly 0% APR | 0% | $146 | 24 | $0 | $3,500 |
| $5,000 | Monthly financing | 12.99% | $168 | 36 | $1,062 | $6,062 |
| $8,500 | Monthly financing | 9.99% | $181 | 60 | $2,335 | $10,835 |
| $12,000 | Monthly financing | 35.99% | $550 | 36 | $7,800 | $19,800 |
Two legal structures, disclosed before you accept
LoanLoan Agreement
Loans are made by Cherry's partner lending bank (a state-chartered, FDIC-member bank) and serviced by Cherry Technologies, Inc. Your agreement is with the bank; Cherry collects payments and reports to the bureaus on its behalf.
RISCRetail Installment Sales Contract
In some states and plans, the practice extends credit directly through a retail installment sales contract, which is then purchased and serviced by Cherry. The practice is the original creditor; your rights under the contract travel with it.
Which structure applies is shown on the checkout screen and in your agreement. Cherry Technologies, Inc. is registered with the Nationwide Multistate Licensing System (NMLS); verify current licensing at nmlsconsumeraccess.org.
This Site is not the lender
cherrypaymentplansusa.com, published by Cherry Payment Plans USA, is an independent information and application guide. We do not take applications, make credit decisions, set rates or fund plans. Applications linked from this Site are completed on Cherry's secure platform and are governed by Cherry's terms, privacy policy and the lending partner's agreement. Nothing on this Site is an offer to lend.
How we're compensated
This Site may receive compensation from the financing provider when a visitor starts or completes an application through links on this Site. We do not accept payment from any lender, card issuer or practice to feature, rank or describe a product, and compensation never affects the figures shown, the products compared, or their order — see our Editorial Policy. Comparison pages cover competing products on the same terms whether or not we are compensated for them.
Accuracy and dates
Plan terms, fees and caps are re-verified monthly to quarterly as described in the Editorial Policy by the team on our About page; each page shows its last-reviewed date. Treatment costs are US national averages and vary by city and practice. If a figure on this Site differs from the provider's current documents, the provider's documents control.
Credit reporting and soft inquiries
Applying for Cherry Payment Plans uses a soft credit inquiry that does not affect your credit score. Once a plan is active it is reported to Equifax, Experian and TransUnion; late payments are reported at 30, 60 and 90 days past due and an account unpaid for 120 days is charged off. The ~90% approval figure refers to Pay-in-4 plans specifically.
Not advice
Content on this Site is general information and is not financial, credit, legal, tax, medical or veterinary advice. Treatment decisions should be made with a licensed provider; financing decisions should be based on the actual agreement you are offered.
Trademarks
Cherry, CareCredit, Sunbit, Affirm, Scratchpay, PatientFi, Alphaeon, Allē, Botox, Juvederm, Invisalign and CoolSculpting are trademarks of their respective owners, used for identification only. No sponsorship or endorsement is implied.
We'll show you the source
Every figure on the Site can be traced to a provider document. Ask and we'll point you to it.
