So you are considering having some cosmetic surgery done, but your insurance does not cover it, and you do not have money to pay for it up front. Believe it or not, it is better to finance that tummy tuck or eye lift.
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What to consider
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Cost
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Cosmetic surgery is expensive. The procedures cost anywhere from $ 500 – $ 25,000 depending on the procedure performed. Finance its operations, but added that this cost is due to interest.
As with any form of financing, your interest rates vary depending on your credit history, loan amount and term of the loan selected. Available loan terms may include 12, 24, 36 and 48 months, or a revolving credit line, depending on your credit card in the background. Remember: If it sounds too good to be true, it probably is. Be skeptical of a company that provides financing at 1%, since there is usually a hidden cost behind the bid.
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Also note that you can be paid out to finance their activities. Payment requirements are determined based on your credit history and your health care providers about the requirements, if any. If you have average or above average credit, it can not be obliged to take all your money back.
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As with any form of financing, whether it be auto, home, or even cosmetic surgery, you should consider what your current financial situation looks like and whether you can afford the regular monthly payment for the next 24, 36, 48 or 60 months.
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If you have not already done so, find out your monthly income deduction for your bills so do not forget to include a range of items such as groceries, toiletries, gas, household goods, pet food, etc. If you create a monthly budget, you can now determine whether you can afford another $ 100 – $ 200 monthly payment.
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Proceedings
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Before you get all excited about the prospect of financing your new look, it is important to understand why you would be able to make such arrangements. Make sure your expectations are realistic and that you are doing this because you believe that there are no other options. Think about the pros and cons of cosmetic surgery and weight of your other options.
A good rule of thumb for cosmetic surgery financing to fund only major surgery. If you are considering Botox, for example, prices are reasonable enough, but if you are funding injection (s) it will cost you more than it is worth.
You must also remember that most types of cosmetic surgery should be maintained regularly, and fights the aging process is totally meaningless.
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Find a Surgeon
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While the cosmetic surgeon you can refer to a finance company, it is best to find one before financing company liaison offices. Dr. Steve Fallek, cosmetic and reconstructive plastic surgeon in New York and Englewood, NJ recommends finance company will not be able to you the best plastic surgeon.
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You want to board certified cosmetic surgeon who is reputable, honest, and hopefully you get the name of a person who has had plastic surgery that person. Fallek says patients should ask their surgeon to recommend to the finance company.
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Financing Companies
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Pre-financing company selected to ensure that they are reliable. They should have a good track record in management and financing of health care should work with a network of doctors.
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If you find a surgeon to do your procedure, you may well ask whether he has financing options. With regard to financing should be clearly described in writing before you apply for financing, and you should never pay a broker fee.
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Most surgeons use the same finance companies, so do not waste your time looking for surgeons who may have lower rates. Seeing different surgeons will take time and money.
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You can also look at using your credit card interest rate is lower. Some people even borrow from family or even take home equity loan.
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Decide
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If you have decided that you can afford to finance their cosmetic surgery, when your research online to learn about benefits and risks. You may also wish to discuss your surgical options for their primary doctor who can give you a list of surgeons and payment options.