Computer Financing Versus Leasing Computers

Posted by Credit Financing Guru on 26th March 2010

The difference between Computer Financing and Leasing Computer, is in a nutshell, with one you own the computer and the other one you don’t.

Computer Financing

This option is the one where you own the computer. Companies can help customize a financing plan where you can pay an affordable amount. At a predetermined point the computer is shipped directly from the factory to you. You own the computer upon receipt, not the company, AND in some cases no one has owned or touched the computer prior to you.

Leasing Computers

Computer leasing is where you are shipped the computer after applying for credit. You must have good credit and be able to prove that you have the ability to make monthly payments until the computer is paid in full. During the time that you are making the payments, you DO NOT own the computer. The leasing company owns the computer.

Computer Credit Benefits

The benefits of computer financing is that not only do you own the computer, but that the computer you receive is one of the best computers on the market at the time the computer is shipped. Meaning, if the company goes to order the computer and the quoted hard drive is obsolete then you get the newer (most likely bigger) hard drive with no extra fees or hidden costs.

Companies usually offer several different flexible payment plans, but should there be a disruption in your income, you can usually contact the company and they can make arrangements to help you through the rough times. Most companies are there to make this a win-win situation for everyone. After all, if you’re not happy you won’t recommend them.

Credit repair

This is a big thing to a lot of people. Some computer credit companies have created a credit repair program that works hand-in-hand with their financing plans. They all work slightly differently. A couple scenarios are:

(1) the company will report you payments (on time or not) to the credit bureaus or

(2) upon successful completion of the agreement, you will receive a letter that states that you met the payment agreement for X amount of months which you send to all the credit bureaus.

In either case, as long as you make your payments on time your score should improve.

Be Aware

Computer Financing Companies strive to make it affordable for you so that you have more than one option. Remember to ask questions like “Is this a used computer?” “Does it come with software?” “What happens if I can’t make a payment?”

One size does not fit all. If the company does not offer several computer financing options are they really flexible enough to help you? Choose a company that may work “outside the box” and will create a financing plan that fits you.

Computer Financing Today is a computer credit company that wants to help you purchase your next computer on your terms. CFT customizes a finance program that you can afford. We have been in the financing industry for over 10 years and have partnered with an IT company in order to offer you the best products on the market that will fit your budget.

We have even created a credit repair program that will help you establish or fix your credit. We offer a flat interest rate of 5.99% for ALL our clients.. All computers are NEW (not used or refurbished). We can offer several different brands so that you not only get the hardware and software you need, but at a price you can afford. Visit our site for products, deals, and program information. We are currently running a special for this month: purchase a computer with us and receive a FREE color printer.

Computer Leasing FAQ:

Question: Are lease payments for computer equipment tax deductible?

Answer: If it is an operating lease, then the full amount of each payment is deductible. If it is a capital lease, then only the amount related to interest would be deductible and the equipment would be depreciated.

Question: Can I walk away from the lease on my computer?
I’m a student and I’m currently leasing a computer from Dell. Its a 4 year thing where I pay like $30 a month. If I don’t need the computer any more, do I still have to pay the 30$ a month? Or can you pay a lump sum or whatever?

Answer: You could walk away, but your credit history will be screwed. You need to pay for it; that’s the deal you made. A nice machine for a low monthly payment. Consider it a learning experience – if you learn from it, it will save you much money down the road.

If you truly don’t need it any more, I suggest trying to see if you can get someone else to take over the payments; they’ll get a machine, you might lose some money invested, but you won’t be on the hook for a lot more. Perhaps you can call Dell to see if you can pay out the rest of what you owe in one lump sum.

Question: Alternatives to leasing computers?
The value of computer equipment deprecates rapidly. A solution to this is leasing the computers. Are there any other options apart from buying the computers?

Answer: What about renting a computer? Some may consider it leasing but it can be different.

Question: What is a lease? Why would you choose to lease instead of buy a capital item? What steps would you follow to decide whether to lease or buy a computer system?

Answer: Leasing is to reduce out of pocket costs, especially for those permitted to write off the costs of the lease.

Question: A leased computer broke down and needed to be replaced at no cost to the business. The man who brought the replacement said that the new machine was a $2500 model. Why is this considered a transaction? I thought it was “replaced at no cost to the business”.

Answer: It is not a transaction. Either it was under warranty or a service agreement. Since the company paid nothing, there is no entry to record.

Question: Can you be charged with ‘theft’ if you do not give someone back a gift (even if money is owed on it)?
My ex-fiance gave me a laptop as my Christmas present. He recently broke up with me and is now demanding to have it back to get out of making payments on it. He is apparently leasing the computer and still owes $500 on it. To get out of the payments he quit paying on the computer and told the company that I took it and to call the police!! Someone from the company came by my house today to take the computer back. My mom talked to them and told them it was a Christmas gift and that we have photos to prove that, but the guy said it didn’t matter and that it was considered “stolen”.

Is there any way my ex or the company can charge me with anything when I had nothing to do with it? It is my ex that signed the papers and has an agreement with them.

Answer: Because it was a gift, you would have rights to it.

However, because he failed to make payments, the company has rights to it also.

Under those circumstances, it would not be considered stolen and there would be no criminal charge of theft. The matter would be handled through small claims court. My guess is the judge will rule in favor of the company, unless you agreed to pay the balance.

Question: What Information Can A Rental Company Disclose, In Regards To One’s Account?
I rented a computer from Aaron’s Sales & Lease. I owe them $250.00 on an item that is almost paid off. However, they continuously come to my house at night causing a scene in the neighborhood. The General Manager went as far as kicking my door, scaring my little brother.

Now, the company is calling my house, and has spoken to my roommate. They disclosed information such as the Date of Purchase, Amount in which the computer was, how much my payments are, and how many payments I’ve made. Is this legal? or does it fall under the Privacy Protection Act of 1970?

I understand that I owe them – and I will pay them – however, I am upset that they are disclosing my account information to people in which I would NOT like to know my spending or financial habits/history.

Answer: You clearly are avoiding them if they are at the point of kicking your door and coming to the house, and sorry but $250.00 at the rates they charge is still a fairly big amount to owe, so how about you pay them or give the computer back and the matter will be over with.

As for them telling others about your personal details that is wrong BUT had you been up to date then this again would be a moot point.

Question: How can I break a imac lease? It turns off ALL the time!?
My Imac leased through Rentsmart has been back to the shop and had its guts – at least three things replaced. But the crumby thing turns itself off all the time in applications, in games, using the computer drive. The only thing that works is the internet. So I am paying megabucks for three years for a big net book.

Answer: Unfortunately for you, I know that they have actually taken some of their customers to Court for breaching their contracts. Not every company does because of the legal fees entailed – but Rentsmart is not one of the one’s who will let it slide.

Categories: Computer Financing

What Are The Cost Benefits To Financing Plastic Surgery Loans vs Using A Credit Card?

Posted by Credit Financing Guru on 1st March 2010

If you’re looking into cosmetic surgery, the biggest obstacle is most likely financial. Plastic surgery for procedures such as breast augmentation, tummy tuck, rhinoplasty and facelift are quite costly and not easily afforded by many. There are many fees involved that can include the surgeon’s fee, hospital and facility fees, anesthesia and medications that are all out of pocket expenses not covered by medical insurance. These fees may total between $7000 and $10,000 and in some cases can even add up to much more.

Two of the most popular and easiest ways to finance cosmetic procedures are with the use of credit cards and plastic surgery loans. Plastic surgery loans are loans tailored specifically for potential cosmetic patients seeking plastic process. Often these companies will work directly with physicians and plastic surgery clinics to help patients in getting approval for this kind of financing. There is often a much more personal touch involved in dealing with a company financial representative, and you’re also likely to get quick and easy approval. Many times you can even be approved before leaving from your initial cosmetic consultation visit.

It is usually easier to quality for plastic surgery loans than for other forms of credit, including credit cards, and these types of loans will often qualify you for much larger amounts in comparison to credit card limits. Interest rates are often very similar ranging from an average of 14% to 20%, with some cosmetic surgery financial companies offering rates as low as 8 or 9% for those with excellent credit. You should also look to see if any companies are offering a no interest grace period. You can sometimes find plastic surgery loans at 0% interest for up to 12 months.

Another advantage to surgery loans are the specific repayment terms. These are often set up for periods of 12, 24, 36, 48 or 60 months. In this way, you have a set schedule of minimum payments due until the loan is paid. Credit cards may let you pay less per month, but this will end up costing you much more money in the long run due to extended period of time that interest will keep adding up and will keep you burdened with your cosmetic surgery debt much longer.

If you’re looking to have a surgery, loans are an option to consider for financing your operation. Be sure you are able to take on the amount of debt you are borrowing without it becoming a large financial burden to you. You’ll also need to make sure you are well informed on all terms and conditions of the loan you take out and any additional loan fees that may be attached to the original loan amount. You need to make a well informed decision with the right loan for you and your particular financial situation. If you do, plastic surgery loans are a great financing option and can make your dream of a better body a reality through the innovation of plastic surgery.

Elective surgery financing services for plastic surgery loans, cosmetic surgery financing, hair restoration, laser vision. Finance your medical procedures through low monthly plans with no down payment or collateral.

Cosmetic Surgery Loans FAQ:

Question: Is there a way of getting free cosmetic surgery?
TV progs, advertisements, anything? I want some but I’d need a bank loan. Any ideas?

Answer: You could try 10 years younger. But are you sure you need it that badly? If something affects your mental or physical health then your doctor can refer you.

Question: What’s the best way to pay for cosmetic surgery?
The procedure I NEED done is 6500 dollars. I’m 18 and have new credit and no cosigner. I have a job and I would be able to pay quite a bit every month, but I can’t wait to have this done. Would it be possible to get a bunch of credit cards and just take the money out? Or what financing companies would give me a loan?

Answer: You have “new” credit or no credit? – either way, you can borrow a cash advance from each different credit card you have depending on the limit of each card.

Question: Cosmetic surgery during credit crunch?
I want a nose job and breast augmentation. Given the current economic state, will cosmetic surgery be cheaper, in say 6 months, than say a year ago? And will it be harder to get a loan for it?

Answer: Think many many times before you lay down on that plastic surgery bed. You might regret it for the rest of your life. Even if you have endless source of money, it will not worth anymore when things gone wrong. Think twice, triple, quadruple before you do that.

Question: How can I afford cosmetic surgery??
My monthly income is like £240 a month because I only work part time as I go to college. I really want a breast enlargement but I can’t afford it and I can’t get financial ways to pay because you have to be working full time. Does anyone know how I could pay for it? Also I don’t think I have enough credit history for a big loan because I’m only 19.

Answer: Put a little aside every week. Insurance will not cover cosmetic surgery, sorry to say. And I urge you to reconsider, there are so many health risks involved with surgery, especially boob jobs. I have heard some real horror stories.

Question: Apply for a personal loan?
I’m trying to look for a loan for a cosmetic surgery that I’m planning to have. Problem is I have way less than perfect credit. Who would possibly give me a loan at this point?

Answer: Realistically, no one. No bank will give you a loan when they’ll get absolutely no collateral for the loan. In the case of a car or home loan they can take the product back if you don’t pay. With you they’d have no recourse if you were to fail.

If it’s cosmetic and not necessary you should save up and pay for it all at once.

Question: Surgery Loans?
My sister asked me to look for surgery loans on the internet. She needs $5,000.00 for cosmetic surgery. Although she doesn’t have that great of credit. Does any one have any suggestions? She has already been to her own bank and the minimum personal loan that they give is $10,000.00; of course she didn’t qualify for this one.

Answer: She can go to the Doctors office and get on a payment plan and she can pay small amounts.

Question: I live in SYDNEY, AUSTRALIA how can I get personal loan with bad credit?
I entered a Part IX agreement 2 and half years ago and now discharged and fully paid my loan. How can I get a loan for $10,000 for my cosmetic surgery overseas? What are my chances?

Answer: Talk with your bank. With a co-signer all is possible.

Question: How much credit card money do I need to spend in order to build sufficient credit for a loan?
I’ve never had a credit card, never had a car loan, etc., so my credit score is zero, not enough to apply for a loan for cosmetic surgery. I’m considering getting a credit card and using it to spend the several thousand dollars in my savings. After spending all this money with my credit card, what would my credit score be? And, will it be enough to qualify for a medical loan for cosmetic surgery?

Answer: It’s not the spending that matters, it’s the paying back. Just make sure you make your payments on time.

Categories: Surgery Financing

Ways to Fund Your Cosmetic Surgery

Posted by Credit Financing Guru on 1st March 2010

When your insurance company doesn’t pay for cosmetic surgery because it’s elective, and you don’t have the money in the bank to pay up front, what are your options? Do you have to wait until you save up enough money before you can have the facelift, tummy tuck, or breast uplift that you want? That, of course, depends on your personal financial situation. You do, however, need to check into the options before you even go for your first evaluation.

Depending on the surgeon you choose, it’s possible you may find one who offers a payment plan right in the office. In most cases, this means you pay a certain amount down, and the doctor will agree to accept a set amount in payments each month thereafter. You want to be careful when using this option, because in many cases, the down payment is smaller in order to encourage patients to take advantage of it. However, the monthly payments may be short term, and thus much higher than what you can afford. Although this is not true all the time, it is in many cases. The reason is doctors want their money right away, and as such, they really don’t want to be stuck financing patient bills. Therefore, what they do is make it somewhat attractive by offering a payment plan, but at the same time, discouraging patients from using onsite financing because of the future high payments.

Another option is using your credit card, if you have enough available to finance your cosmetic surgery. Financing this way means you don’t have to pay a down payment, and you have low minimum payments. On the down side, cosmetic surgery is expensive, so you will tie up a good portion of your credit line. Of course, if you are financially sound and have a substantial credit line, it may not have a detrimental effect, especially if you have a card with a lower than average interest rate. If you had planned to pay a down payment, you can also do that and put the balance on your credit card. This will reduce the amount of your credit line that you tie up with your surgery.

A third option is applying for a personal loan at your bank. Of course, for those who have less than perfect credit, they may need to obtain some collateral such as real estate or a motor vehicle, but it’s always possible. If you already have an equity line of credit, you can use that as well, by just writing out a check against your available balance. There are always ways you can come up with the funds you need for different things, including that of cosmetic surgery. You may even choose to take a loan against your 401K plan if you have one, or take a loan against your savings account or other assets you may own. Make certain you know you can obtain the funding before you go any farther than the initial consultation. Make sure you can pay for the surgery before you schedule it and tie up the surgeon’s schedule.

Credit Medical offers elective surgery financing services for cosmetic surgery loans, plastic surgery financing, hair restoration, laser vision. Finance your medical procedures through low monthly plans.

Cosmetic Surgery Funding FAQ:

Question: Are there any organizations that help fund cosmetic surgery after losing a large amount of weight?
I just wanted to know because a lot of people who lose 100lbs or more have a lot of extra skin left on their bodies and they can’t afford to get it removed.

Answer: Certain medical insurances will pay for tummy tucks, IF the skin is causing other health problems by being there. Otherwise your skin has a natural elasticity that will most likely shrink back with time and muscle toning. If you had weight loss surgery, whatever insurance (if any) paid for it, will most likely pay for a tummy tuck, if your doctor recommends it for health reasons ie: Skin irritation, Pain, Rashes, etc.

Question: Is it good law to raid Medicare to fund cosmetic surgery, sex change operations, and abortion?
Under the present free market on medical care, people are free to insure themselves for cosmetic surgery, sex change operations, or abortion, or to choose not to be covered for these procedures. Democrats propose a one-policy-fits-all insurance under a government monopoly, and to pay much of the cost by raiding Medicare. Would this make medical care better or worse for most Americans?

Answer: I don’t know what kind of awesome insurance you have that pays for cosmetic surgery and sex change operations, but tell me where to get it! I have never, ever heard of regular health insurance that pays for these things, and I challenge you to find one that does. Further, there will be no specialized policies to pay for this stuff, because the only reason people would ever buy it would be because they were already planning on having the surgery. People don’t buy insurance to have this done, they save their pennies and pay for it out of pocket. No form of government insurance would prevent a person from continuing to do that.

You are probably right about the abortions. I think most plans do pay for abortions, probably because it’s a lot cheaper to pay for abortions than it is to pay for a baby. No government plan would cover them because it’s too controversial. People will just have to save up the 500 bucks themselves, or find a charity that will do it for free.

If the government did take over the health insurance industry, we know the plan wouldn’t pay for cosmetic surgery, etc. Nobody is raiding medicare to pay for this stuff. Ever.

Please don’t take this as support for a government plan, because it absolutely isn’t. I just think your assumptions about raiding medicare to pay for stuff that will never be covered by the government, in lieu of insurance which doesn’t exist now, are flawed. If you want to be afraid of government-run health care, be afraid for the right reasons.

Question: Anonymous Cosmetic Surgery?
I’d like to know if undergoing a cosmetic surgery anonymously is possible in US, if not any other countries? I’m thinking just use an assumed name when I visit the hospital, but I’m not sure if they would obligate me to show the identification in order to proceed with the surgery. I’m using my own funds, not insurance, so it shouldn’t be a problem, but I would like to know for sure.

Answer: You could try but in order for someone to undergo any major surgery in the U.S. it is mandatory that their identification is sufficient. However, your information is 100% protected by doctor patient confidentiality, meaning it is illegal for the hospital to give out your information. So if you had surgery, the only people that would know is the doctor that preformed the surgery and anyone involved with your case, and it is illegal for them to talk about it to anyone else.

Question: How do you get some anonymous person to pay for your plastic surgery?
I watched a story on a local TV news program the other night about women who got 50,000 in plastic surgery done by going on the internet requesting people to send her money for the plastic surgery/cosmetic enhancements! and people funded her surgery no strings attached! This woman wanted the surgery for vanity reasons only she did not have any birth defect etc. I’m intrigued to know why people would send money to a stranger simply to help them to look aesthetically pleasing. Is this practice common?

Answer: Yes people really do this. The website is totally dedicated to this sort of thing, but only for breast implants. Read through the website, people can’t just collect the money and use it for something else. The money HAS to go towards the surgery or else it is returned to the person who donated it. And no, I haven’t used the site, but looked it up after hearing about it on the radio because it is fascinating.

Question: Taxing elective cosmetic surgery to help fund health care?
“Senate Democrats are proposing a 5% excise tax on elective cosmetic procedures… that includes things like Botox injections, breast implants, tummy tucks, face lifts, liposuction, teeth whitening, eyelid repairs, etc.”

I can not believe democrats actually think this is a great idea. Do you think it is ok to tax people who do this, just because they have the extra money to have procedures done?

Answer: Of course it makes sense.

The only effective way to change people’s practices is to make it an economic choice. Making elective/no life threatening medical procedures taxable will cut demand for them, thereby contributing to reducing health care costs. Sure, those with the money will still choose them … but at least the tax will help pay for other procedures. Not taxing them means some other form of tax to raise the money. The other option is a tax on the middle class and rich. The money has to come from somewhere and the best choice is from those most directly benefiting and also choosing to have an optional procedure.

While at it, the value of employer paid heath insurance benefits accruing to workers should also be taxed as income; something that for some strange reason doesn’t happen in the US (unlike most countries).

In Canada we have universal health care, but cosmetic surgery is not covered. If you want it, you pay and pay taxes on the services. Makes perfect sense to any rational individual.

Question: Which medical funds cover breast reduction?
I’m looking to get a breast reduction for backpain, shoulder indentations and headaches. Does anyone know which private health funds cover this procedure? Most of them say that only Some cosmetic surgery is covered.

Answer: Have you had a doctor’s consultation yet? My HMO paid for mine. They had an equation they used. They weigh your breasts, see how the weight is distributed (saggy or perky), and take lots of measurements, these are factored with your weight, height, and BMI and if you score within a particular range, they’ll pay for either part or all of the procedure. I ranked so that they paid for everything. Try to see a doctor and find out how you score in the equation and ask them.

Question: How will Single Payer health care deal with elective Procedures?
Fake Boobs, unnecessary eye surgeries, and cosmetic procedures…Liposuction…the list goes on. Who decides if the tax payers get to fund a Hollywood elite’s 15th face job?

Answer: The current proposal is not for a single payer system. Just like with any other insurance, elective procedures like plastic surgery are not covered for treatment. Procedures like that are paid privately just like in single payer countries like Canada and Great Britain.

Question: Will Insurance Companies Cover My Expensive Surgery?
I have a condition called “Pectus Excavotum” which is an inward curvature of my chest wall. This condition causes me to have trouble breathing and performing under stressful athletic activities. I just turned 21 years old and I work at a job making under 15k per year. The job has no insurance or benefits.

This surgery to fix my condition is NOT considered cosmetic but costs an average of 30,000 dollars. I obviously cannot afford this but I am in need of this surgery. Is insurance or State Funded Health Aid better for my particular case? I hear insurance may deny my claim and thus is risky. Is there any other way I can get this surgery without being in debt for years and years? What will insurance companies do if I claim it as a pre-existing condition.

Answer: First, you would have to find a carrier that would insure you knowing that you have this condition. You would be required to tell them when applying. If you did not and had the surgery, they could come back and cancel the coverage for non-disclosure. And you would have to pay for the surgery yourself. If you did find a company willing to accept you, and your condition, the surgery would have to be considered medically necessary to be covered. I’m not saying it isn’t but THEY would have to say it is necessary. They may also have a pre-existing waiting period that you would have to meet before it would be covered.

Generally, medicaid is for pregnant women, children or blind, aged (over 65) or disabled (federal guidelines). If you do not fall into one of these categories, you would not qualify for medicaid.

Your best option is to find a job with benefits, That way, usually, there is no pre-existing exclusions.

You may be able to qualify for care at a county or teaching medical facility. They would base what you owe on your ability to pay.

Categories: Surgery Financing

Over-Extended Credit – Can You Still Qualify For a Cosmetic Surgery Loan?

Posted by Credit Financing Guru on 1st March 2010

With beauty being within reach for so many, no one can blame someone for wanting to look their best. Look at how society treats people who look good. They land the best jobs, have the best looking boyfriends and girlfriends, and they also seem to get the most attention. It isn’t wrong for someone to have those things if they believe they can acquire them. However, there is one thing that can stand in the way and that one thing is money.

Through the years, there have been new ways of financing such things as cosmetic surgery so that people can look their best. It helps their self-image and the way that other people perceive them. However, the procedures can be quite expensive depending on what the person wants done, but there is a way to fix this financial issue when it comes to looking good, and that is financing.

But there are some things to keep in mind when it comes to financing cosmetic surgery and that is the fact that many lenders look for a credit score over 700, which in this day and age is not as common as it used to be. That is why there are some lenders that will go ahead and finance cosmetic surgery for those who may not have the credit history that some lenders look for.

About the cosmetic surgery loan

When cosmetic surgery started growing in popularity beyond the rich and the famous, doctors began developing a fee that covered everything such as the procedure, the hospitalization cost, the medication, materials used in post-op, and the various other expenses incurred due to cosmetic surgery. This is when cosmetic surgery loans were created in order to help people cover the entire cost of their surgical procedure and everything associated with it.

However, because cosmetic surgery cannot be repossessed like a house or a car, the lenders had to make sure that those applying for the loans had an excellent credit records. Even with excellent credit, those applying for cosmetic surgery loans incurred an interest rate of up to 10%. However, with cosmetic surgery being used on people needing it for medical reasons, some lenders relaxed their requirements and are allowing borrowers with less than perfect credit to acquire cosmetic surgery loans. Even if the procedure is not medical, they are still allowing financing for the procedures. But it is very likely that the interest rates can be anywhere between 14% and 24%, which really does not stop many from going ahead and achieving their dream of looking wonderful. The lender also reports to the credit reporting agencies, which can improve the borrower’s credit with timely payments.

To take the loan or not to take the loan

If someone really wants the procedure done, then they will take the medical financing and not let the interest rates deter them. The truth is, if they make their payments on time, they are going to be able to improve their credit rating more than if they had never taken out the loan. Taking the loan can be the difference between being able to get lower interest loans or not getting lower interest loans in the future. But it is not a bad idea to be picky about the interest rate even if credit is not so great. It is good to investigate the options and find out who is best to loan the money. Just because a person has a few negative marks on their credit report doesn’t mean they have to settle for what interest rate comes their way. In the end, they not only look great, but they are also improving their financial future.

Credit Medical provides innovative patient financing services such as cosmetic dentistry financing that allow clients and practitioners the freedom to focus on the treatment, not the payment.

Cosmetic Surgery Loan FAQ:

Question: Are there any cosmetic surgery financing companies w/ loans, credit to those wanting cosmetic procedures?
Loans/Lines of credit for those wanting cosmetic procedures? Taking down payments, as collateral, or special circumstances such as these?

Answer: First a down payment is not collateral. If you qualify for a personal loan or line of credit, the lender is not going to care what you plan to use the money for, only that you will be able to make your payments.

The cosmetic surgeon may be willing and able to accept monthly payment over a period of time or to assist you in arranging financing. Another option you should consider is making the payments first (saving up the cost) and then having the procedure.

If you suffer from a serious deformity you may be able to find a cosmetic surgeon that will do the surgery at a reduced fee or even at cost depending on your ability to pay. Many cosmetic surgeons do a considerable amount of this type of work feeling, in part that supporting such work justifies the time they spend on elective procedures.

Question: Cosmetic loan fever?
I’m 19 years old and I don’t have a credit card but I am thinking of getting one. For a cosmetic surgery loan I need a good credit history to get one but as a new credit card, it won’t have any history. Can I buy things on credit cards for about a year and a half so that my credit score increases so I can get a loan? What should I do except to have a co-signer?

Answer: Yes, one and half years is enough to get you a good credit score. But, be prompt on your credit card repayments.

Question: When getting a bank loan for cosmetic surgery, can you use the implants as collateral?

Answer: No. Collateral would be something the bank can physically take from you and turn a profit on, such as your house.

Question: How can I get my cosmetic surgery for free or alot cheaper?
I have excess skin and need cosmetic surgery. Is thier a way to get a loan or get the price reduced or even free?

Answer: If it’s making you really depressed and you can prove it then you can get it done on the NHS (if you live in the UK), or if you have medical insurance then they may cover it, or if there is some reason that could prove it could be a risk to your health then they will do it for free. The only alternatives I can think of is you take out a loan or pay for it out of your savings.

Cosmetic surgeons are skilled, highly trained people, they are also generally very rich. I doubt very much that they would give their service free of charge. As for `cut-price` or `cheap deals`; they will be in this category for a reason, usually because their standard is not high, and hardly worth the risk I would think. If you want to under go such radical surgery, you presumably want it done to improve the way you look. So why chance it with a not-so-good-surgeon?

Question: I’m looking for information on cosmetic surgery loans?

Answer: Contact the plastic surgeons office. They usually have info on programs available. Also, Capital One has a lot of health care loan options. Give them a call and ask. They might not do cosmetic stuff though.

Question: Best way to go about getting money (loan or credit) for a cosmetic surgery with a credit score of 750?
I have a credit score of 750, and am looking to borrow about $6000.00. Where is the best place for me to look and also would it be best for me to look into a credit card or a loan. If a credit card would be a better option, would I look for a credit card that blatantly states “high balance” or something like that before I apply? Or do I just apply and see what sort of balance I get?

Answer: It would be difficult for you to walk into a bank and get an unsecured loan for that amount unless you have a relationship with one already. (a community bank not a large bank like Chase or wells fargo). AMEX has no limit cards and with your credit score depending on income you might be able to get one but beware interest rates. If you have some sort of collateral to pledge it would save you a good amount of money on interest. The best advice I can give is to wait until you can almost pay cash for the whole surgery. It will be way cheaper in the long run. Plastic surgery for personal gain in my opinion isn’t something I would finance. Now if it is for a scar or an accident then yes.

Question: Can I take out a loan without any credit?
I’m 18 and want to take out a cosmetic surgery loan. But it says you need to have at least decent credit. Can I still do it if I don’t have any credit at all? I’ve never had a credit card or anything before so I’m pretty sure I have no credit. Can I still take out a loan?

Answer: The only way you will be given a loan is if you have a co-signer. Which is someone that has good credit and is willing to sign the loan as a secondary person saying that they will pay off the loan if you do not.

Question: Are there any grants out there that pay for cosmetic surgery needs? I know loans will, but I don’t want that!

Answer: You could try to get on a TV program but other than that, you’re either going to have to convince your insurance company that it’s necessary, or you’ll have to pay for it, with a loan or without. No such thing as a grant.

Categories: Surgery Financing

Basic Steps Needed For Obtaining a Cosmetic Loan For Surgery

Posted by Credit Financing Guru on 1st March 2010

At one time, cash was the only way to pay for cosmetic surgery, but along the way many other methods of payment have come about. One of those methods is financing. However, cosmetic surgeons perform more procedures than just nose jobs and chin lifts. Sometimes there is a medically viable reason as to why someone needs cosmetic surgery. This can be dental work, procedures to remove scarring, or the need to remove an abnormality from the face. Whatever the reason, there are companies offering loans for those wishing to have some sort of cosmetic surgery.

What is needed?

First of all, it is good to make sure there is some kind of collateral just in case. When financing a car or a home, those items can be repossessed if not paid for. As for a cosmetic surgery loan, the lender cannot repossess your face. The lender may ask you to put something you own up as collateral, which means a lien is placed upon that item. It can be a car or some other belonging that is comparable to the amount of the money being loaned for the surgery.

Second, be sure to have such information as what your total income is, what your expenses are, if you own or rent your home, and what your credit rating is. Unfortunately, if you have no credit or bad credit, qualifying for a cosmetic surgery loan might not happen. Most people need to have a credit score that is better than 700 in order to qualify and then there are other factors that can hurt your chances of acquiring the loan.

You also need to figure out how much you can afford each month in payments. Just keep in mind that lenders have a tendency to try and persuade you to take out a loan with a higher monthly payment to save on interest. Consider this carefully because a high monthly payment increases your monthly expenses exponentially and can hinder you from being able to take out other loans in the future until the current loan is paid off.

Where to apply

There are many financial institutions that offer financing for cosmetic surgery. Simply go online and see how many there are. With cosmetic surgery being so popular, many of the lenders have cashed in on the advantages by offering financing, which means that cosmetic surgery is no longer for the rich and the famous. Your friend down the street who makes $45,000 a year and has an excellent credit rating can have that bump on her nose fixed or get the breast implants she always wanted. If you’ve ever looked at someone and asked, “How did they afford that?” Chances are it was because they financed their surgery. However, they hopefully did the adequate research to find the right lender for them.

Every lender is different in interest rates and such, so it is important to find the right one for you. Once you find them and are ready to fill out the application, you will notice that the application process is more or less like any loan application. All you have to do is fill out that application with the information you gathered about your income and expenses as well as basic information about yourself, and then submit it to the lender.

You will receive a decision back just like you do with any loan. You will either be approved or denied. If denied, some surgeons may offer installment options. Then again, it is important to go through the research phase again and see if you can find some medical financing. Just because one says no doesn’t mean the next one will.

Credit Medical offers medical financing for elective procedures such as breast augmentation financing, cosmetic surgery loan and more.

Cosmetic Surgery Loan FAQ:

Question: Is it possible to get a loan for cosmetic surgeries? Breast augmentation and tummy tuck?
If so, how much would the monthly payments potentially be for $15,000 or so?

Answer: Almost all plastic surgery centers will set up a payment plan that suits you, the same way as if you were buying a car. The monthly payments will all depend on what kind of loan you decide to take out and thus depending on the time (ie 5 years) and the APR (Annual Percentage Rate). It will also depend on how much you have to put down as a downpayment and some offices may require that you have at least 10%, so in your case that would $1500. I can’t really answer this for you since I do not know how the plastic surgery’s office handles these things. Make an appointment for a consultation and they can give you all that information free of charge.

Question: How do I tell my mom I want cosmetic surgery?
I also need to ask her to help pay for it. I’m applying for a loan and I’m hoping that she will take over 50% of the loan. That will about $200 a month for her. She offered to pay for braces for me, but I’d rather the cosmetic surgery instead. I don’t know how to tell her I want it, I guess because I’m sort of embarrassed. I’m old enough to get it (18) so I don’t technically need her permission or her “blessing” but I”m still living under her roof, and what she thinks means a lot obviously, because she’s my mom.

Answer: Just tell her honestly and explain to her why you want it done, that’s all you can do really. However it is not her responsibility to pay for your surgery. You’re not really ready for cosmetic surgery, until you are in a position where you can pay for it yourself. Seek advice from others as well as your mother, not money, and do a lot of serious thinking before you go too far. Even tattoos are often things of regret.

Question: Is it possible to get a cosmetic surgery loan with bad credit?
I’m trying to get cosmetic surgery but it costs about $4000. With my credit I probably have to pay in full. But it seems like alot of people I know get cosmetic surgery all the time and I don’t think their credit is all that great. What are my options?

Answer: Most banks will not lend to you cause they don’t offer a product for that. They will recommend a Credit card or a personal loan if they offer it. Due to the hard times most banks have gotten rid of personal loans. I would recommend talking to your current bank if they have it. I know Chase doesn’t have them. But some doctor offices have a particular lender to help you with a loan.

Question: Can a Canadian go to New York to get cosmetic surgery?
Can you still get a loan for surgery if your not in your country?

Answer: You would have to borrow money while in Canada with a loan or line of credit. Perhaps the doctor you are seeing can help with financing. I would ask them.

Question: Would you take out a home equity loan for cosmetic surgery?
I want implants and I don’t want to wait for them any longer. I don’t want to get a credit card or anything because I have two I am trying to pay off. Would it be foolish to take a home equity line of credit?

Answer: Sorry, but putting that sort of debt against your house is not a good idea.
It sounds to me like you can’t afford that new set of boobs. Once you pay off your debts, start saving up your money and when you have enough cash, then get the boob job.

The whole attitude of “I want them and I don’t want to wait for them any longer” is the mentality that has caused so many people in this country to be in such a financial mess. Being financially responsible and living within your means without a mess of debt will make you feel better about yourself than any set of bigger boobs will.

Question: How to get a loan for cosmetic surgery with poor credit?

Answer: Cosmetic surgery is a want, not a need. You should never borrow money for a want. Open a bank account and save up for it. It will cost you less in the long run.

Question: Can you get a loan for cosmetic surgery and about how much would monthly payments be?
I want to get vaginal tightening surgery done, it IS a cosmetic procedure and my insurance obviously does not cover it. The procedure will be about 14000 in total. Could I get a credit card and put the 14000 on there, and about how much would those monthly payments be? Or could I get a loan instead, and also ABOUT how much would the monthly payments of that be?

Answer: You know you could always go to the banks in town; both local and corporate based (Wellsfargo, Bank of America, etc). They can tell you how much they can loan you and what their rates would be. They could also give you information about opening a credit card; and they can tell you how much monthly payments would be with interest. Without knowing the specifics of your income and credit history, I couldn’t say, plus your area of residence can go into consideration. Be careful with out of state credit cards and “local” banks. Some “local” banks are actually being run through out of state banks and they have some pretty messed up fine print. Also, some plastic surgery places have their own financing. You may want to check into it.

Question: Can you finance your cosmetic surgery thru the office or do you have to pay up front and / or get a bank loan?
I plan on losing about 100lbs over the next few years (fingers crossed). I’m sure I’ll want to get excess skin removed and probably a tummy tuck since I’ve already had 2 kids. I was wondering how they work out payment. Do you have to pay up front? Do they finance?

Answer: I know there’s also a LOT of plastic surgeons who finance-in fact, most do. They know a lot of their patients come from middle class citizens that don’t have money falling out of our pockets! I think some may require a down payment, depending on your credit situation.

Categories: Surgery Financing

What’s the Catch on Plastic Surgery Loans?

Posted by Credit Financing Guru on 1st March 2010

Plastic surgery is a fast growing industry and many more people today are opting for surgery to enhance the body and turn back the signs of aging. Television shows and advertising, easier accessibility to surgery and increased social acceptance are just a few of the many reasons why the industry continues to grow so rapidly. Another reason for an increase in plastic surgery is the many financial options now available to potential patients, which includes plastic surgery loans. This makes surgery a possibility for many who previously could not have afforded such a luxury.

As medical insurance does not cover cosmetic surgery, those desiring these types of procedures must find ways to pay for the high costs involved in medically unnecessary surgery. Plastic surgery, such as breast augmentation, rhinoplasty or abdominoplasty, can cost upwards of $7,000 to $10,000 to cover surgeon fees, hospital or facility fees and anesthesia, if not more. Many financial companies now cater to the industry by offering specialty loans, often directly through plastic surgery offices and clinics, which are designed specifically with potential cosmetic patients in mind.

Plastic surgery loans do make it possible for many people to have cosmetic surgery that may otherwise be unaffordable to them. However, cosmetic loan companies will often offer a high line of credit to those who would not otherwise quality for a financial loan, which encourages debt that cannot truly be afforded for unneeded services. They also tend to have extremely high interest rates that typically range from 14% to 20% with some loans with rates as high as 30%. The patient will also be responsible for loan processing fees in addition to the original loan amount that generally range from 5% to 10% of the borrowed amount. Your surgeon’s fee may also be higher than it otherwise would have been to make up for his or her costs incurred to the loan company for their services.

There are other downsides to the ease of plastic surgery loans as well. Often plastic surgery offices will work directly with lenders offering cosmetic surgery loans and encourage their patients to apply and use their services. Many times patients are approved for these credit lines in the office before even leaving from their initial consultation visit. This may cause some to choose to go ahead with surgery right away that may not have otherwise before taking the time to think over the seriousness of major surgery. This is especially true in the plastic surgery industry as many seeking cosmetic surgery consultations are already highly self-conscious about their appearance, which makes them more vulnerable to the option of a quick and easy loan.

If you are considering plastic surgery, be sure you choose a surgeon with at least five years of additional surgical training as well as several years of certified experience. You’ll also want to make sure your surgeon is a member of the ASPS. You need to be well informed about the procedure you are considering and the surgeon you are choosing as well as informed about the financing options that will most likely be presented to you.

Be sure you are aware of all conditions and terms of any plastic surgery loan you are considering before agreeing. You’ll need to be sure ahead of time that you can afford these types of high cost loans and must be prepared for the additional financial burden it may bring.

Credit Medical offers affordable plastic surgery loans. It provides patient credit for for elective medical procedures such as cosmetic dentistry financing.

Plastic Surgery Loans FAQ:

Question: Plastic surgery loans?
I am 17 and I really want plastic surgery. I don’t however have the financial support to fill this desire. I wish to get a lip lift and rhinoplasty, could I get a loan once I turn 18?

Answer: No banker with any sense is going to give you an unsecured loan for that much money. Unsecured means you have nothing of value the bank could take IF you don’t repay your loan. When you don’t pay your car loan they take the car. They can’t take your face.

Question: Is it possible to get plastic surgery at 18?
Is there a cosmetic plastic surgery loan that they would let an 18 year old take out?

Answer: Have you fully thought through the potential dangers of the process? This is something you can’t undo, so you want to give it proper thought in the first place. Not only would you be going into debt, but you are putting your body on the line. You do not need consent to have the surgery done, but for loans, it will depend on your credit and job.

Question: What if you don’t pay a PLASTIC SURGERY loan?
I’m planning to get a nose job using a finance company that finances anyone regardless of their credit score. My score is bad and they are the only guys that have accepted me. I’m just wondering, what if the nose job comes out bad or botched? If I didn’t pay the loan would I be sent to jail or what?

Answer: Getting a botched-up surgery is the risk you run when you decide to have unnecessary operations. Personally I would strongly advise you to rethink – especially as your financial situation is less than peachy. If you don’t pay the loan, they can sue you and garnish your wages.

Question: Loans for plastic surgery for bad or no credit with out a co signer?

Answer: Just an observation, (unless the surgery is medically necessary), if you already have bad credit, why make it worse by getting a loan and being more in debt? If you have bad credit, you probably could not get a loan without a cosigner.

Question: Can you get a plastic surgery loan with a credit score of 674?

Answer: Probably not, but you might be able to get a personal loan in the range of maybe $5,000 to $10,000 especially if you have collateral such as a house.

Question: Where is a good place to get a plastic surgery loan?
I am trying to get a boob job but I need a loan to help me out.

Answer: Don’t get a loan. If you can’t afford to pay for it you shouldn’t get it. Get a loan for something that will increase in value, like a house.

Question: Plastic surgery?
Can you take a loan out for plastic surgery? And can you make payments on plastic surgery? Also how long does plastic surgery take to completely heal?

Answer: There are some companies out there that will foot your bill. Be wary though. My girlfriend used and there is breast aug usa. Depends on what surgery you get is how long it will take to heal. Lipo takes up to 6mos-1year before you see results. It’s painful and you have to wear a really tight spandage. Breast augmentation- you can do it on thursday and go back to work on monday provided that you don’t do any heavy lifting. It takes a while to see what size you end up because you have to heal. You want to do research and the doctor you choose should be board certified and have pictures of his/her work. You should find one who is about you and not about the dollar and will do your procedure and not overdo your procedure.

Question: Plastic Surgery loan? (college student, female)
I am thinking about having a cosmetic procedure done. Rhinoplasty (nose job) to be exact. I have found out that there are loans available. My only problem is will I qualify for one if I am a college student (20 yrs old) with no job (but my parents help me out financially, so I would have the means to pay the loan back with). Does anyone know if it would be possible for me to apply and get a loan like that? (My parents will certainly refuse to get one for me, so I don’t even need to go there, they’ve told me so)

Answer: Probably not unless your parents cosigned the loan, which you said they wouldn’t do. Be careful when choosing a lender for your loan because I have heard that the interest rate on those loans are outrageous. I would recommend you save your money to pay for your surgery. I know that isn’t what you want but it may be best for now. And by the time you have saved up the money required for the surgery you may find that you have better things to spend that money on or may not even be interested in plastic surgery anymore.

Categories: Surgery Financing