Future Family Expands 0% Interest Rate Fertility Financing Nationwide as Interest Rates Keep Rising | news
SAN FRANCISCO–(BUSINESS WIRE)–Aug. September 2022–
Future Family, the leading family building platform offering personalized fertility treatment payment plans with integrated digital mentoring and wellness support, announced today that their 0% financing option will be available in clinics across the country. Previously only available from renowned fertility clinic CCRM, this offering is an industry-changing alternative that reduces the risk of debt and credit damage in times of sky-high interest rates and economic uncertainty. With personal loan interest rates expected to increase multiples in 2022, Future Family continues to innovate, offering clients flexible options to invest in starting and growing their families.
Future Family’s 0% interest plan allows eligible patients at participating clinics to spread treatment costs over 12 months and work with a personalized virtual fertility coach during treatment, all offered on the platform. Financing is the smartest way to pay for fertility treatments, especially when compared to credit cards, which are used by just over 85% of patients, have an average interest rate of 19%, and credit limits that are often lower than the cost of treatment.
“After receiving so much positive feedback on our exclusive launch with CCRM in July, we are excited to bring this unique plan to clinics across the country,” said Claire Tomkins, CEO and Founder of Future Family. “With interest rates at record highs – and forecasts of further rate hikes in 2022, we are proud to have a product that allows prospective parents to build their family without interest for up to 12 months and takes the stress out of paying for the.” fertility care.”
The average cost of a drugged IVF cycle is over $22,000, not including the cost of a surrogate or donor if needed, and many patients go through more than one round to achieve a successful pregnancy. Future Family’s competitive monthly plans offer an alternative to carrying a credit card balance or choosing a high-interest personal loan. While loans for mortgages or cars are the norm, many patients still turn to credit cards for IVF, much to their financial detriment, since carrying a credit card balance can affect a consumer’s creditworthiness and also drive up interest costs. Future Family has streamlined this process to ease the financial and emotional burden for many looking to start their families.
Today, nearly 50% of people who visit a fertility clinic for treatment and support get stuck due to the high cost and complexity. Future Family transforms what is normally a difficult and confusing experience with its platform, which combines multi-vendor payments into a streamlined and predictable experience, backed by autopay and personal fertility coach support.
To learn more about Future Family, please visit www.futurefamily.com.
About the future family
Future Family is where people start their fertility journey. The company’s mission is to make fertility treatments accessible and affordable for everyone. Future Family’s fintech and digital health platform brings together “buy now, pay later” plans for fertility treatments combined with digital coaching by registered nurses for a complete patient solution. Future Family was founded by former SolarCity executive Claire Tomkins, whose own fertility issues inspired her to improve the experience for others.
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Alex Miller Murphy
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: BABY/MATERNITY PERSONAL FINANCING TECHNOLOGY PROFESSIONAL SERVICES OTHER HEALTH HEALTH FAMILY FINTECH CONSUMER PARENT FINANCING
SOURCE: Future Family
Copyright Business Wire 2022.
RELEASE: 9/13/2022 6:00 AM / DISC: 9/13/2022 6:03 AM
Copyright Business Wire 2022.