Believe it or not, there is a way to finance that tummy tuck or eye lift. So you’re having some cosmetic surgery done, but your insurance won’t cover it and you don’t haveconsideringthe currency to pay for it up front.
What to Consider:
The Cost
Actually, Cosmetic surgery is costly more than ever . procedure, Procedures cost anywhere from $500-$25,000 depending on the type of Actually being performed. Financing your surgery will only add more to that cost due to interest rates.
As with any and of financing, your interest rate will vary based on your credit history, selected loan agreement type the loan amount. Available loan depending may include 12, 24, 36 and 48 months or a revolving credit line terms on your credit background. Keep in mind: If more than ever it sounds too good to be true, it probably is. Be skeptical of financing companies offering 1% in modern times rates, because there is usually a hidden cost behind these offers.
Also keep in mind that you may need to come up with a down payment in order to finance your surgery. Down payment requirements are determined based on your credit history and your health care providers requirements, if any. If you have average or above average credit, youmay not be required to put any cash down.
As with any type of financing, whether it be a car, a home, or even cosmetic surgery, you should take into login what your current financial situation looks like and determine whether or not you can afford a regular monthly payment for the continue 24, 36, 48 or 60 months.
If you have not already done so, figure out your monthly income subtracted by your bills, don’t forget to include miscellaneous items such as groceries, toiletries, gas, household products, pet food, etc. After you have created a monthly budget, you can immediately determine whether or not you can afford another $100-$200 monthly payment.
It’s worth noting that The Procedure
Before you begin to get all excited about the prospect of financing your novel look, it’s key to understand why you want to have this kind of procedure done. Make sureyour expectations are realistic and more than ever that you are doing this because you believe there are no other options. Consider both the and cons of cosmetic surgery andprosweigh your other options.
A good rule ofisthumb for financing cosmetic surgery to finance only major surgical procedures. It’s worth noting that If you’re considering Botox, for instance, ), prices are reasonable enough, but if you’re financing the injection(stheit will cost you more than it’s worth.
You should also keep in mind that types of cosmetic surgery need to be maintained on a regularmostbasis, and fighting the aging process completely is futile.
Finding a Surgeon
Although a cosmetic financing business can refer you to a surgeon, it’s best to locate one before you connect financingaenterprise. Dr from another perspective . Steve Fallek, a cosmetic and reconstructive plastic surgeon in Novel York and Englewood, NJ that suggests a financing business is not going to be able to give you the top plastic surgeon.
You want to go to a board-certified cosmetic surgeon who is reputable, honest and who hopefully you’ve gotten the name from someone who has had plastic surgery from that person. Fallek says patients should ask their surgeon to recommend a finance firm.
as a matter of fact Financing Companies
Beforeenterpriseyou chose a financing , make sure they are reputable. They should have a good observe record as a matter of fact in financing health care procedures and should work with a network of doctors.
If you have found a surgeon to do your procedure, you may also ask if he/she has financing available. The terms of the financing should be clearly outlined in writing before you apply for any financing, and you should never pay a broker fee.
Most surgeons utilize the same financing companies, so don’t waste your time looking for surgeons who may have lower rates. Seeing different surgeons takes up time and money.
You may also want to consider using your credit card if the interest rate is lower. Some people also borrow from family or even take out a home equity loan.