How to Finance Cosmetic Surgery

More people are interested in cosmetic surgery as an option to look and feel their best. However, the price tag still stops many people from getting the procedures they want or need. Understandably, you can’t afford to invest thousands of dollars out-of-pocket for liposuction, breast augmentation, or a tummy tuck, but not every cosmetic surgery is for the sake of vanity. Some popular reasons include repairing damage caused by an accident, injury, or illness, such as reconstructive surgery after mastectomy for breast cancer survivors. United Credit believes there’s no bad reason to get the procedures you need. Read through our guide for information on how to finance cosmetic surgery. Financing Options for Cosmetic Procedures Finding financing for cosmetic surgery can feel daunting, but you have several alternatives. When seeking financing for cosmetic procedures, consider these five options. 1. Health Insurance If you have health insurance, it’s worth checking to see if your insurance will cover some or all of the procedures. Sometimes, health insurance will provide at least some financing for cosmetic surgery if the surgery you seek is medically justifiable. For example, a nose job could correct breathing difficulties, or breast reduction surgery may reduce chronic and severe back pain. In that case, your insurance may reduce the amount you’ll expect to pay out of pocket. 2. Hospital Payment Plans It’s no secret that cosmetic surgery can be expensive, and that’s why some providers offer payment plans. With a payment plan, your provider may require an initial deposit before your surgery, with payment of the remainder over time. However, providers may limit payment plan options to patients with a good credit score or require additional collateral. 3. United Credit If you’re searching for affordable cosmetic surgery loans, you needn’t look further than United Credit. We work with multiple lending partners to help applicants find the best loan options with affordable monthly payments, competitive loan terms, and interest rates. United Credit also works with borrowers of varying credit scores, so you can discover options for financing the cosmetic surgery you need, even if you have less-than-perfect credit. 4. Personal Credit Card Many medical providers will accept personal credit cards for cosmetic surgery. However, you should choose a personal credit card wisely. Some credit cards have high-interest rates, which can exponentially increase the cost of cosmetic surgery. If possible, use a low-interest credit card or a credit card with a 0% APR offer to help you pay the loan amount before the issuer increases the APR. 5. A Loan From a Friend or Family Member You may want to avoid cosmetic surgery loans or have trouble securing credit. If so, you could ask a friend or family member for help. However, depending on the amount, doing so could potentially jeopardize close relationships if you can’t meet agreed-upon loan terms. If you have a friend or family member willing to loan you financing for cosmetic surgery, set specific terms and get them in writing to avoid any negative consequences later. The Pros and Cons of Securing Financing for Cosmetic Surgery If you’re wondering how to finance cosmetic surgery, one of the easiest ways is with a cosmetic surgery loan. However, when reviewing your options, you must consider the pros and cons of using a loan to cover your procedure. Pros You can get the surgery you want or need right away With United Credit, you can find the loan terms that best suit your needs through our lender network You won’t need to ask friends or family members for a loan A cosmetic surgery loan may help you build or rebuild your credit score Cons You’ll owe the loan amount plus interest A loan can negatively impact your credit score until it’s closer to being paid off Some loans have high-interest rates, especially if you have a less-than-ideal credit score Frequently Asked Questions What cosmetic procedures can I get financed through UC? There are an array of cosmetic procedures you can finance through our lending partner network. United Credit can connect you with financing options for a variety of surgical cosmetic procedures and treatments, including breast augmentation, tummy tucks, facelifts, and more. We have a diverse selection of cosmetic surgery financing through our lenders. How does cosmetic surgery financing through UC work? Our online application process is simple and fast. It only takes a few minutes to complete our simple online application, and you’ll have access to multiple financing options with affordable interest rates and payment terms through our lending partners. You’ll receive a response from our lender network the same business day, with options that help you find a payment plan that fits your needs and your budget. Will my credit score affect my application? Your credit score depends on several factors, including your current income, history of making timely payments for existing loans, whether you’re currently enrolled in debt forgiveness programs, the ratio of “good debt” to “bad debt,” how long you’ve had a credit history and your bank account history. If you find incorrect information in your credit history, you have the right to appeal it and request your score be corrected. This can help you improve your credit score. However, just because your credit history is less than ideal doesn’t mean you can’t get a loan. When you submit an application, our initial check is what’s known as a “soft” credit inquiry which does not impact your credit score. Individual lenders may run a hard credit check, which will impact your score, which is why it’s essential to know what your credit report contains. How do I determine my credit score? You can get a credit score from any of the major credit bureaus. Depending on the rating scale a specific credit bureau uses, your score may be higher or lower. Does my doctor’s office need to be enrolled with United Credit for me to get financing? The short answer is generally no, your doctor does not need to be enrolled with us. However, certain payment plans may require your doctor to be