Question 1

Who is eligible for hearing aid financing?

Accepted Answer

Anyone who has a hearing loss and is in need of a hearing aid may be eligible for financing through a variety of programs.
Generally, most people who are eligible for hearing aids are also eligible for some sort of financial assistance. This includes seniors, veterans, and those with disabilities. There are also special programs available for children who need hearing aids.

Question 2

What are the benefits of offering hearing aid financing?

Accepted Answer

There are a number of benefits that can come from offering financing to your customers. 
First and foremost, it can help you close more sales. If customers know they can finance their purchase through your business, they may be more likely to buy from you instead of a competitor who doesn't offer financing. 

Secondly, it can help build customer loyalty. Customers who finance their purchases through your business will often feel more invested in the product or service and be less likely to shop around in the future.

Finally, offering financing can help increase your revenue and profit margin since customers often end up spending more when they take advantage of financing options.

Question 3

Will my customer's credit score be impacted if they apply for a hearing aid loan?

Accepted Answer

No, your credit score will not be impacted if you apply for a hearing aid loan. 
This is because the lender will do a soft credit pull, which doesn't involve a hard inquiry on your credit report. So, you can rest assured that applying for this type of loan won't affect your score in any negative way.

Hearing Aid Loans Made Easy