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Plastic Surgery Financing

Plastic surgery, like any other major investment, can be financed. Since it is almost always considered a cosmetic procedure (not a reconstructive procedure that corrects or rebuilds a defect), plastic surgery is usually not covered by medical insurance. That means you have to pay all the fees yourself, and they can add up.

Through the Independent Board-Certified Plastic Surgeons with 1800BeYourBest^SM, your vision of a new you can be transformed into reality with financing of medical loans to cover the cost of your surgery – and we make it easy! The full amount is paid up front to the surgeon and you repay the loan over time, with terms ranging from 24 to 48 months. Interest rates offered by the surgeons with 1800BeYourBest are competitive based on your credit history and score, making the loans an attractive alternative to high-interest credit cards. These rates are also fixed, meaning your monthly payment will not fluctuate over the life of the loan.

Because plastic surgery loans or medical loans are unsecured personal loans, you are not required to put up any collateral (assets) to guarantee the loan. This means that the lender relies heavily on the information you provide on the loan application and your credit score to set your interest rate. Borrowers with good credit scores qualify for the lowest interest rates.

The financing you need, the look you want – you can make it happen at 1800BeYourBest! When you consider that plastic surgery is a long-term investment in your future, financing your procedure through the independent network of board certified surgeons at 1800BeYourBest may make sense for you.

Scoring Your Credit 

In most competitive sports, the higher a team or player scores, the better the outcome. In the world of finance, credit scores are no different.

A credit score is based on a statistical analysis of a person’s credit files and represents his or her credit worthiness, or the likelihood that they will pay debts in a timely manner. Among other factors, it takes into account your credit history, payment history, and outstanding credit.

In the United States, a credit score is based primarily on credit report information from the three major credit bureaus (Experian, TransUnion, and Equifax). The credit score is used by lenders to determine if you qualify for a loan and at what interest rate, and to set your credit limits.

Borrowers with a high credit score usually qualify for the lowest interest rates on and best loan terms, including plastic surgery loans and other medical loans; borrowers with lower credit scores can expect to pay higher interest rates. Regardless of your credit score, you can obtain financing through the Independent Network of Board Certified Surgeons with 1800BeYourBest.

It’s a good idea to keep a close eye on your credit score. If you are planning on having a plastic surgery and getting a medical loan, it’s a good idea to give your credit a check. A sudden drop in your score or unusual activity in your report could indicate that someone has stolen your identity, is running up debt in your name and ruining your credit rating. If you come across mistakes or misinformation in your credit report, it’s best to correct it as soon as possible.

Good vs. Bad Credit: How Your Medical Loan Depends on Your Credit Rating

Just as the Great Divide separates the two major watersheds in North America, a credit score separates people who handle their money sensibly (good credit) with those who take on more debt than they can handle (bad credit). Ultimately, good credit will get you what you want and bad credit will not.

What is the difference between good and bad debt? It’s a complex question, but it’s best to think of it in terms of investment. Good debt is an investment in assets that grow in value over time, while bad debt is an investment in things that lose their value. When used intelligently, debt can be a great asset. If used recklessly, it can be like an anchor around the borrower’s neck, constantly pulling him or her down.

Putting disposable items like clothes or restaurant meals on a high interest credit card and not paying the bill off in full when it comes due is a bad debt. In fact, credit card balances are considered the worst kind of debt because they traditionally carry the highest interest rates. Every penny of interest or late charges that you pay on a debt adds to that debt and, by extension, the overall cost of the item. Conversely, good debt is an investment that creates value. Home mortgages, real estate and business loans, and student loans traditionally fall into this category. Debts that are tax deductible, like a home mortgage, and debts for long term investments that produce more wealth over time are considered to be good debts.

Consumers must be concerned about debt-related behavior that can negatively affect their credit rating. Every late or missed payment costs you, both in money and on your credit report. Over time, those marks can sink your credit score.

It may be practically impossible to live debt free, but if handled properly you can make your debt work for you. In cases where debt makes sense, you may want to consider taking out loans that you can comfortably repay based on your monthly expenses.

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