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What s The Catch On Plastic Surgery Loans



P


lastic surgery is a fast        facility fees and anesthesia, if  
growing industry and many       not more. Many financial          
more people today are           companies now cater to the        
opting for surgery to enhance the     industry by offering specialty    
body and turn back the signs of       loans, often directly through     
aging. Television shows and           plastic surgery offices and       
advertising, easier accessibility     clinics, which are designed       
to surgery and increased social       specifically with potential       
acceptance are just a few of the      cosmetic patients in mind.

    
many reasons why the industry         

Plastic surgery loans do make  
continues to grow so rapidly.         it possible for many people to    
Another reason for an increase in     have cosmetic surgery that may    
plastic surgery is the many           otherwise be unaffordable to      
financial options now available       them. However, cosmetic loan      
to potential patients, which          companies will often offer a high 
includes plastic surgery loans.       line of credit to those who would 
This makes surgery a possibility      not otherwise quality for a       
for many who previously could not     financial loan, which encourages  
have afforded such a luxury.          debt that cannot truly be         
As medical insurance does not         afforded for unneeded services.   
cover cosmetic surgery, those         They also tend to have extremely  
desiring these types of               high interest rates that          
procedures must find ways to pay      typically range from 14% to 20%   
for the high costs involved in        with some loans with rates as     
medically unnecessary surgery.        high as 30%. The patient will     
Plastic surgery, such as breast       also be responsible for loan      
augmentation, rhinoplasty or          processing fees in addition to    
abdominoplasty, can cost upwards      the original loan amount that     
of $7,000 to $10,000 to cover         generally range from 5% to 10% of 
surgeon fees, hospital or             the borrowed amount. Your         



surgeon’s fee may also be higher      surgery, be sure you choose a     
than it otherwise would have been     surgeon with at least five years  
to make up for his or her costs       of additional surgical training   
incurred to the loan company for      as well as several years of       
their services.

                   certified experience. You’ll also 

There are other downsides to       want to make sure your surgeon is 
the ease of plastic surgery loans     a member of the ASPS. You need to 
as well. Often plastic surgery        be well informed about the        
offices will work directly with       procedure you are considering and 
lenders offering cosmetic surgery     the surgeon you are choosing as   
loans and encourage their             well as informed about the        
patients to apply and use their       financing options that will most  
services. Many times patients are     likely be presented to you. Be    
approved for these credit lines       sure you are aware of all         
in the office before even leaving     conditions and terms of any       
from their initial consultation       plastic surgery loan you are      
visit. This may cause some to         considering before agreeing.      
choose to go ahead with surgery       You’ll need to be sure ahead of   
right away that may not have          time that you can afford these    
otherwise before taking the time      types of high cost loans and must 
to think over the seriousness of      be prepared for the additional    
major surgery. This is especially     financial burden it may           
true in the plastic surgery           bring.

                        
industry as many seeking cosmetic                                       
surgery consultations are already     

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About the Author:

Credit Medical offers affordable plastic surgery loans. It provides patient credit for for elective medical procedures such as cosmetic dentistry financing.

Article Tags: loans, plastic, surgery



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    What s The Catch On Plastic Surgery Loans