Parent's Frequently Asked Questions
If I need more time than 12 months, can I have more time?
-Yes! We can give a parent up to 48 months to reimburse their "Family Fund" for large balances, as we can provide families up to $25,000.00 maximum each time, based on what each family can reasonably reimburse! *Note: Funding amounts are determined by each family's financial situation!
Will my background be reviewed?
-Yes, but don’t worry about that! We can help all parents as long as their information is verifiable. Our Program is not credit-focused & your credit score is not affected due to 'soft' credit inquiry, to verify info!
Other than my membership fee, are there any other fees?
-Yes! However, there are typically no up-front fees for parents, as fees come out of the funds Paycare Provides for your family!
What are the 2023 Program Upgrades that everyone is talking about?
*Consultation to address parents' Bill for their child(ren) with terms up to to 48 months!
*Bill can be paid, directly from our office, on behalf of families.
*Previous $5,000.00 maximum amounts now increased to $25,000.00 dollars!
*Parent's credit still goes unaffected (soft pull), but now 'reimbursements' also build their credit!
* Ultimately, Parents can receive multiple "Pay Incentives", simultaneously!
What are the interest rates if I need more than 12 months?
-ALL Families enjoy additional time to pay their bill, up to a maximum of 48 months, with no stress involved! If you need more than 12 months, which is PAST your 12-month membership period, the interest will be specific to your situation.
My pay history is weak so can I get a "Pay Incentive" to pay my child’s bill?
-Yes! We can help all parents as long as their information is verifiable since our Paycare Program is not credit-based! Again, your credit score can be in the 500's and will not be affected.
What if I don't prefer the Program's 'reimbursement' feature, but want 1-time assistance for my family?
-While our Program is wonderful, it is not always the right Program for every family; So, we simply refer you to contact the
resources in your community which provide 1-time assistance with no 'reimbursement' requirement!
-Our 'Reimbursement' feature allows families repeat access to funds while also allowing our funding to 'match' those dollars to
be available to assist the next family. This is our Program's "Pay-It-Forward" approach to each family helping both themselves
& the next family!
Does my membership cover all my children in my household?
-No! Paycare membership is per child with no set limit to the number of "Pay Incentives" which can be paid for that specific child over the course of the 12-month membership period. There is no limit on the # of facilities which can be paid for each child.
Once I join, does my facility also have to be a member?
-No! Only Paycare members can receive Paycare "Pay Incentives" so we provide funds directly to parents until the facility joins!
*No Worries! We can typically get the facility set up within a day or so, once we inform them we are prepared to
pay your and any other parent's "Pay incentives" directly to them from our "Family Fund"!
Since Paycare is not a lender, why were my final forms from a financial office?
- A Private family foundation who is providing permanent funding to our non-profit (as their “give-back” to the Community), has amassed their fortune from providing alternative lending services. Because our non-profit unashamedly does not have the Manpower to track funding, family 'reimbursements', and repeat access amounts for families, The Private family foundation utilizes its various offices to do so.
-However, only through our Non-profit, is there NEVER any affect to families' credit scores, their credit is not a sole determining factor for funds and the amount funded is based on an amount that particular family can reasonably replenish back to themselves without strain because Paycare is built to be a Long-term support for the family, via repeat access to funds while also matching their 'reimbursements' to help the next family!
Is there anyone that Paycare Program cannot help?
-While our program is wonderful, we do focus on parents and/or caregivers of children. Specifically, parents who can typically meet their obligations, but are experiencing a temporary financial challenge. We serve parents on a 'from-time-to-time' basis, over their 12-mo membership period.
What exactly is a "Pay Incentive"?
-The Support Payments provided to families, via our Paycare Program, which function differently from a loan because funds are paid, on behalf of each family, to address their obligation(s). Families reimburse themselves on a monthly basis, which allows them to enjoy repeat access to funds during their 12-month membership.
Is there anything else I should know?
-Yes! 1] You receive a FREE Paycare membership card which allows you continued access to "Pay Incentives" during your 1-year membership!
2] Families also have the option to access multiple "Pay Incentives", simultaneously, on a case-by-case basis!
3]Families' Member benefits increase overtime: Once move from "Starter" to "Full", funds paid on behalf of each family!