Plastic surgery financing offers a great compromise when it comes to paying for your surgical services. Cosmetic and plastic surgery can be very expensive and might not be covered by most insurance policies. Financial institutions offer many methods of securing the money you require to undergo surgery and sometimes might even give you a loan with absolutely no interest.
This resource section contains articles which assist patients to better understand financing options and might even help them to undergo their chosen procedure for free.
Plastic Surgery Financing Options
There are several methods of acquiring the cash you need to pay for your cosmetic or plastic surgery procedure. These methods are rated below from best to worst:
Specialized financing is likely to be available directly through your plastic surgeon. Many medical finance companies set up programs where eligible patients can secure low or no interest loans directly through their care provider. These loans can usually be paid off for up to 5 years or more and feature a simple application process. If you can get an interest-free loan, you will really be getting a great deal. Interest charges on a several thousand dollar loan would be significant over the course of 5 years. Saving this interest will allow you to commit to other important financial responsibilities.
Credit card checks offer a low promotional rate for a limited time or until the balance is paid off. These checks also are a great way of earning reward or mileage points, if you have this type of program available from your card company. Beware of paying more interest, if you can not pay off the balance during the promotional period. In these cases, the rate can rise suddenly and drastically, causing potentially serious financial hardships.
Home equity loans can be used to cover the costs of cosmetic surgery. Equity loans are usually a lower rate than traditional loans, since they are given as a reward for acquired value in a titled property and are only offered to good credit risks. An equity loan should always be treated with care, since you will be subject to a lien against your home if the loan is not paid back according to the lending agreement.
Personal bank loans might be available. Some personal loans offer promotional interest rates which are very low for a limited time frame. Beware loans which might escalate to a high rate, if not paid off during the promotional period.
Breast implant financing might cover the prostheses, the operation or both.
Free plastic surgery is available to many patients worldwide. Surgery can be provided free of charge for many reasons.
Charity plastic surgery is offered to patients who can not afford to pay, but still require surgical interventions to restore form or function to a damaged anatomy.
Charity cosmetic surgery is far less commonplace than plastic surgery, but is still available in select circumstances.
Benefits of Surgical Financing
While many women desire a cosmetic breast surgery procedure, not everyone can afford the operation. Quality cosmetic surgery is a costly expenditure which is simply beyond some patient’s financial means.
Securing a source of financing will allow you to undergo your surgery nowand take your time in paying it off, after the procedure. Financing is the best way to get the maximum benefit from your surgery, while minimizing the financial burden to you and your family.
Luckily, there are several good options for securing financing for your surgical procedure.
Plastic Surgery Financing Qualifiers
Your credit score and history will factor greatly in determining your financing options. Patients with bad credit are likely to be denied for financing or at least pay considerably more in fees and interest. If you have excellent credit, you will surely be approved and might even get an interest-free offer.
Make sure to completely understand the terms of your financing agreement before signing anything. Do not use financing for cosmetic surgery if you do not intend on paying back the loan. This is unfair to the lender and society, in general. In addition, you may be subject to liens, garnishments or even criminal prosecution to the fullest extent of the law.
Never borrow more than you can pay back and make sure your monthly payments will fit your budget. Financing can be a valuable way to afford the surgical procedure of your dreams. Just be sure to use common sense and don’t get carried away.