How To Pay For Plastic Surgery With Bad Credit

How To Pay For Plastic Surgery With Bad Credit?

Whether you’re ready to admit it or not, most of us are on the quest to looking our best and sometimes, plastic surgery can make a world of difference. Although change can be exciting. Elective cosmetic surgery is not free of charge. If you’re worried about how you’re going to finance plastic surgery – don’t sweat it just yet. Several options are available to you, including an installment loan online for bad credit. Find out more about how you can follow through with your plastic surgery plans, even if your facing bad credit.

Cosmetic Surgery Financing for Bad Credit

So, you’re considering plastic surgery? Well, first things first – you’re not alone. In 2017, more than 17.5 million procedures were completed in the United States and this number is only increasing. In turn, The American Society for Aesthetic Plastic Surgery states that Americans as a whole spend $8.5 billion a year on said procedures.

Plastic Surgery Procedures and Treatments

Let’s take a look at the most commonly performed cosmetic procedures and treatments:

  • Breast augmentation
  • Tummy tuck
  • Nose job/rhinoplasty
  • Plastic surgery
  • Mini facelift
  • Body sculpting
  • Mommy makeover
  • Liposuction
  • Eyelid surgery
  • Reconstructive surgery

Non-Surgical cosmetic procedures and treatments

  • Injectables and Fillers (Botox, Dysport, Xeomin, Juvederm)
  • Chemical peels
  • Laser hair removal
  • Microdermabrasion
  • IPL/ Laser treatments
  • Hair replacement
  • Tattoo Removal
  • Coolsculpting

Dermatologic procedures and treatments

  • Dermatology appointments
  • Laser and light therapy
  • Age spots
  • Injectables and Fillers (Botox, Dysport, Xeomin, Juvederm)
  • Chemical peels
  • Microdermabrasion
  • Spider and varicose vein treatments
  • Acne treatments
  • Dermatology-approved skin care products

Financing Plastic Surgery – What are my options?

In order to better decipher the cost of plastic surgery, you should begin by determining whether your surgery is elective or not – or in other words, whether or not the cosmetic surgery is a need. Of course, one way or another, plastic surgery is quite expensive – therefore, keeping the costs to a minimum is a must.

Plastic surgery loans for bad credit

Are you thinking of a personal loan for plastic surgery? Well, there are a few things you should be aware of. First off, you should note that an unsecured loan from a financial institution will present interest rates that are close to or more than those on a credit card. On the other hand, bank loans have fixed interest rates as well as a specific period of time for repayment. Of course, all this depends on one’s credit rating and one’s ability to qualify for said loan. On top of all that, if you’ve never requested a personal before, such may actually increase your credit worthiness by adding to your “credit mix”. You must repay your loan properly and on a timely schedule and unlike a credit card, you can’t add more to your pre existing debt!

Although interest rates vary depending on one’s credit score, it is important to keep in mind that an unsecured loan will undoubtedly add to your final cost of your plastic surgery procedure.

If you’re interested in looking for a lower interest rate, then you may want to start looking into a secured loan. A secured loan means you offer a collateral against the loan, such as a vehicle or a house. If you end up being unable to make your payments on a regular basis, you may end up losing said property.

Discuss with your surgeon

You may not know it yet, but certain surgeons offer their own financing plans based on third party financing companies. Said options can include low monthly payments as well as extended payment plans – which are generally quite appealing. When discussing with your surgeon, look at the different fees and interest rates. Many of them are actually quite competitive but beware, some can actually be more expensive than a traditional credit card!

If you’ve decided on one of these financial plans, it is still mandatory that all your payments be made on time. In most cases, a late payments incurs a higher interest rate for future payments or balance-based penalty.

Credit cards

As surprising as it may sounds, using a new or existing credit card may actually be your best bet. In fact, may credit card companies offer a 0% introductory annual percentage rate (APR) and even certain reward points that can be accumulated for later vacation or cashback.

Knowing your current credit score is probably the most important factor here. This is true because if you can qualify for a 0% APR balance transfer card, then you could pay off your debt within the introductory grace period and completely wave the interest fees as a whole!

Can my Insurance Cover my Plastic Surgery?

One doesn’t need to pay for all types of plastic surgery. In fact, certain cosmetic surgeries are entirely medically justified and are therefore usually covered by insurance companies. For example, health related procedures such as a patient with breast cancer or a surgery improving physical function may be covered. More so, patients with respiratory problems may have see health insurance pay for a nose job, or a breast reduction may be paid for in the case of a patient with back pains.
Instead of freaking out right away at the costs of possible cosmetic surgery – take a look at your different options and while your at it, why not contact your insurance company at the same time?

How to Select the Best Financing Plan?

Before you drop the idea of elective cosmetic surgery completely, keep in mind that you genuinely have several options and that no matter what other people say, if it’s going to make you feel more confident – it’s probably worth it. On that note though, there’s a huge difference between negating the idea and setting money aside in order to have the significant funds to move forward with the procedure.

Again, certain individuals will find a certain worth in saving up their finances and waiting for their plastic surgery while others would prefer to move faster and select instead a financing plan as discussed above. Both decisions are good decisions.

One way or another, when it comes to plastic surgery, you should start by consulting a surgeon and/or patient care coordinator in order to discuss all the important details that surround such procedures!