Cosmetic Surgery Financing

Taking the decision to have plastic surgery its a whole process per se but after that decision (and sometimes before) you should think in how to pay for your breast implants, your face lift or any other procedure you may want.

If you don't have the funds to overcome the procedures you want you should think on taking a loan, depending on your circumstances you can borrow between $1,000 and $20,000. You may choose to spread the cost of your cosmetic surgery over a longer period and pay a competitive rate of interest. The Interest you pay is normally lower than credit cards. Your interest rate is defined by your credit score. Patients with good credit history could get for lower interest rates. Patients with credit issues can get low rates depending on the length of the loan.

Different to house and car loans, plastic surgery financing is an unsecured loan. Unsecured means that there is nothing to take back if the patient stops payment. Financing institutions try to reduce this risk by assessing the application and credit report to predict how likely it is that you will repay a loan.

Your credit score is calculated based on your credit history and reports. Usually any american with a Social Security number, whether a citizen or not, have three versions of credit reports. Experian, Equifax and TransUnion are the three largest American credit agencies that collect your credit information and provide your credit report or credit profile to your lenders/creditors.

There are companies specialized in loans and financing for cosmetic surgery, they offer plans to make it easy to afford the cosmetic surgery costs. Those companies can setup a payment schedule according to your payment capacity. Depending on your credit score, the terms of the loan could be 24, 36, 48, or 60 months. Usually no down payment is required for Cosmetic Surgery Financing. However, some doctors might require a minimum down payment or deposit.

To be considered for a loan you should comply with factors like job or occupation, length of employment contract, or if you own a home. Someone with good credit will:

• Be a U.S. citizen and be a legal resident of the state where you make your application
  
• fulfill the age requirements for personal loans in your state
• Have credit for at least two years, with no negative credit records
• Not have more than 50% of debt to income ratio, including the new loan
• Not having debt more than half of your total annual income
• Having not more than $15,000 in credit card debt.

Cosmetic surgery financing helps make high quality plastic surgery —and your new look— a reality.