Allegro Credit
Sycle's integration with Allegro Credit® allows clinics to choose Allegro as a Patient Financing partner. Allegro Credit offers patients term loans, which are loans with consistent monthly payments and a payoff date.
Financing a patient's purchase with Allegro is a multistep process. This includes both applying for and funding with Allegro Credit.
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The clinic staff member clicks Allegro's Apply Now button on the Purchase Summary screen.
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The clinic staff member enters the patient's data and reviews the finance offers with the patient. The patient's data goes through an approval process (including a soft credit check) to confirm eligibility.
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The patient reviews the contract, accepts a hard credit check, (optionally) sets up AutoPay, and signs the contract. (The patient can do this using the clinic's computer, or they can do so on their own device.)
Funding a Purchase with Allegro Credit:
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After the purchased items have been delivered to the patient, the clinic staff member clicks Allegro's Fund Application button on the Purchase Summary screen.
Refunding with Allegro Credit and Exchanging with Allegro Credit:
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The application on the original invoice is returned and the payment refunded.
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If an item is being exchanged, the equipment is exchanged from the Patient Summary screen and a new invoice is created.
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If there are items on the original purchase that were not included in the exchange process and those items are to be funded by the Allegro payment, those items are added to the new invoice.
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A new Allegro Credit application is created to fund the new invoice[1].
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If the original invoice has an outstanding balance, the original invoice is either funded by an alternate payment method and/or the items on the original invoice are returned (e.g. if additional items from the original invoice were added to the new invoice in Step 3).
Note
Each of these steps is detailed further in the relevant sections below. You can navigate through the sections using the navigation menu.
[1] If this application is being performed within 90 days of the original loan application, the patient is not required to undergo a second credit check.