Doctors perform Millions of plastic surgeries each year. Sometimes they are financed through beauty loans, but not everyone has good credit. If this is your situation, all hope is not lost. There are ways to pay for plastic surgery with bad credit. Yes, it may be hard to get a loan through traditional means, but we have found some ways around that.
Disclaimer: As with all loans, make sure you do extensive research and ensure you’re getting something that works with your situation before proceeding.
What You Need to Know About Applying For Loans
Because you probably have bad credit, you need to make sure that you are want to apply for a loan before sending off an application. There are many beauty loans out there that you can try. A few of the best are CareCredit, United Medical Credit, and even personal loans.
Remember, every time you apply for a loan you get a hard inquiry on your credit report. If you apply for more than a few loans, the new loaner will see those inquiries and could lessen your chances for approval. Plus, your credit score might go down as a result. When picking out a loan, it might be a good idea to try ones with a higher chance of approval before proceeding. Again, the most important thing to remember is to do extensive research and see what best suits your individual situation.
Types of Beauty Loans You Can Try
Generally, there are two types of financing: secured and unsecured. Secured financing means you need to put down some type of collateral before you can take out a loan. You do have a higher chance of approval and lower interest rates. If you do go with this option, the most common type of collateral people put down is the title to their car or home.
Alternatively, you can try to get an unsecured loan. These loans may come with higher interest rates and a lower chance of approval. This type of loan does not require you to put down any type of collateral. In fact, there are some plastic surgery centers that offer payment plans, so this could be a good option for you.
To get a secured loan, you can try to apply for ones online. Many of these don’t ask you why you’re borrowing the money and will send the money directly into your account. If you’re choosing to go with a plastic surgeon that provides payment plans, then you simply pay them back an agreed amount monthly until you paid all of it off.
If the surgery you are doing is a necessary medical treatment, then you may be able to get assistance from the government. If you are on a medical insurance plan, check with your provider to see if any of the surgery costs can be covered under your current insurance plan. You can check out this link for the best tips to get your surgery covered under your insurance. You can also join one of the many plastic surgery groups on Facebook. They are sure to have some tips, the general public may not know about. Plus you are getting real advice, from real people, who have gone through the process of getting surgery.
If none of these work, you may want to consider using your credit card or an existing line of credit. Of course, you need to be aware that this may not work because of your credit limit. Also, these may have high-interest rates, so take a good hard look at the numbers before proceeding.