How does a health-one loan really work?

I have appied for a $5450 loan from surgeryloans.com (where the doctor recommened) They approved me at 8.9% and there is a $150 fee to open the account. The paperwork they have sent me is calling it a "medical credit card" and showing 8.9%APR...Does this mean that just like a credit card each month I will be charged the 8.9% of my outstanding balance?? I was under the impression that it would be like financing a car....this is your rate...we add it in to price...and this is what you finance over X amount of years.
Has anyone used surgeryloans.com or health-one????
Please help me understand bc I cannot pay $400 a month in finance charges!!

what's about obama project (health for everyone) ?
why not contact him,near from your town, he can speak to each other and maybe find a solution.

You don't pay 8.9% of the balance every month, its every year. Hence ANNUAL percentage rate.

There are a few ways a credit repair company can help you improve your credit score. Some of these companies only help you get false information removed. They will have you send them your credit report and tell them what information you believe to be incorrect.

Read more :healthynchospitals.org
crphealth.org
coimbrahealth.org
broadhealth.org