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

Posted by Credit Financing Guru

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.

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