What Credit Score Do You Need to Finance Plastic Surgery?

For those of you that want plastic surgery but might not be able to afford to pay for the procedure in cash, there are still options. There are a variety of options that will allow a person to pay for these expensive procedures. The truth is that it depends on your credit score when it comes to financing, taking out a credit card with 0% APR, or taking out some kind of other loans. For most plastic surgeons, there will be some form of financing available as they want to maximize money earned from a specific patient.

Credit Score Improvement

Improving your current credit score could be as easy as identifying an error on your current credit report. Paying off outstanding debts will also boost your score. Paying loans on time is something that surely will allow you to increase your credit score over time. Financing plastic surgery is going to be far easier with a great credit score versus a credit score that screams unreliability to lenders but personal loans are available for those with a credit score between 580 and 620.

What You Need to Consider

You need to take an honest look at your situation and think about whether you need one of the many bad credit plastic surgery medical loans. The following are other factors that you need to consider:

  • If you have items that you have equity in like a car or a home, these can be leveraged to get your plastic surgery financed. The one aspect that you need to remember is that having a car repossessed when it is put up as collateral can and will happen.
  • If you have a credit card or can apply for a credit card with 0% APR for 18 months, this can give you the option to pay off the surgery over time. What you need to keep in mind that after the introductory period that you can build debt extremely quickly.
  • Call your insurance company to see if the procedure is covered. If there is something a plastic surgeon is fixing due to it impacting your quality of life, this might be covered. You need to understand that it does not hurt to ask.
  • Take a look at your financial situation currently and whether you can truly pay off the financing in time. The amount is going to be very important and so is the interest rate. Payment terms that come with huge penalties for a late payment or terrible interest rate need to be avoided. The last thing you want is for the surgery to ruin your financial health for years to come.

Take the time to think about whether you can afford the surgery at this current time. Wanting and needing surgery are very different especially if you are already on a tight budget. You might want to take the time to improve your credit score before going under the scalpel. The right interest rate can cut thousands of dollars off of the money that you have to pay back over the course of a few years.


Share this post:

Leave a Comment