5 Ways for Funding Plastic Surgery
Satisfied plastic surgery patients are quick to tell you that plastic surgery is worth every cent. After all, how do you put a price on feeling better and more confident about your appearance?
Even so, some people rule it out before even having a free consultation with a plastic surgeon. They assume that funding plastic surgery is out of reach for them.
That’s just not the case though.
There Are Many Options for Funding Plastic Surgery
Despite what “reality” TV might lead you to believe, plastic surgery performed by top of the line surgeons isn’t a luxury afforded only to those who live on Park Avenue or Rodeo Drive.
In fact, there are multiple options for funding plastic surgery – making it an option for a wide range of eager patients in different economic situations. We’ll take a look at just five of those options here.
- Medical Credit Card
If you’ve never heard of a medical credit card, it’s exactly what it sounds like. These are credit cards that are designed exclusively for medical procedures. Many allow you to choose the financing option most suited to your needs. There are even plans that require no down-payment or are interest-free through CareCredit®.
But you can also look into the Alphaeon Credit Card. There’s a $25,000 maximum spending cap and the interest rates are pretty reasonable. All you need is a current government-issued photo ID, social security number (or other tax ID number) and address to see if you prequalify.
In most cases, you can use medical credit cards at thousands of doctors’ offices nationwide.
- Regular Credit Card
It’s not at all uncommon for patients to use a standard issue credit card to cover plastic surgery procedure costs. This can be a great option if you have some money saved up already, but need the card to cover the rest.
In that case, you can get a new card with a 0% introductory APR and then attempt to pay it off in that allowed amount of time. This is usually 12- 18 months. If you know you won’t be able to do that, ensure that the APR after that isn’t too high. Or plan to transfer the balance to another card if need be.
- Unsecured Medical Loan
If you have a low credit score that rules you out of the above two options, you could look into an unsecured medical loan. This sort of loan is usually brokered through a third party such as a broker or a doctor and comes in the form of a personal loan or a credit card.
One of the caveats with this form of funding is high interest rates, so be sure you’re not getting swindled. And if you need someone to co-sign on this sort of loan, remember that you’re putting their credit on the line as well.
- 4. Bank Loan
If you have a bank or a credit union, they may be able to help.
A bank loan is more secure because it has a fixed interest rate and a fixed amount of time you’re given to repay the loan. You’re also not able to add more to the balance, which can be problematic for those using credit cards.
Similar to above, if you act responsibly during repayment, this is also a great way to build credit.
A loan with a lower interest rate might be available if you’re able to offer up collateral (such as your house or car). Just know that you risk losing them if you’re not able to pay on time.
- Gift from Families or Friend
If you have a wealthy friend or relative, it can be tempting to ask them if they can loan you the money for your procedure. Depending on the relationship you have, this may be fine.
But it can also be a total train wreck. Especially if situations arise where you have difficulty paying him or her back on time. Even if you have a written agreement with clear and concise terms, your relationship could take a hit.
Consider this though. During the holidays or around your birthday this year, let friends and family (wealthy and not wealthy alike) know that what you’d really love is a gift certificate or an electronic cash gift that would go toward funding your procedure.
Finding the perfect gift is a struggle most of the time. Not only will this gift make it easy for your friends and family, but it will allow you to get exactly what you want.
Treat Yourself!
Giving yourself the gift of a happier life and renewed confidence doesn’t have to break the bank. Instead, consider the above options for funding plastic surgery.
Contact us today for a free consultation with a team who will talk with you about your procedure, as well as the financing options that may be available to you.
Isn’t it time to make your plastic surgery dream a reality?
