Cosmetic Surgery & Beauty Financing

Cosmetic surgery costs can vary depending on the procedure, patient, and provider. For most of us, financing is our only hope for getting the cosmetic surgery we desire. Whether you are having a smaller procedure such as Botox or  larger procedure such as breast augmentation, you can use financing. Some cosmetic surgeries may be covered by your healthcare insurance. For example, if you have a deviated septum, you may need a nose job (rhinoplasty). Rhinoplasties can help improve breathing. In a situation like this, the cosmetic surgery may be medically necessary, thus forcing your insurance company to cover the procedure. Below are some trending cosmetic procedures and their average costs. . .

• Breast augmentation $6,500
• Breast reduction $7,500
• Liposuction $6,000
• Tummy tuck $8,000
• Mommy makeover $12,500
• Botox $250-$1,000 (per treatment)
• Nose job (rhinoplasty) $7,500

Do you have to pay for cosmetic surgery upfront?

Most providers request payment for cosmetic surgery upfront. Afterall, it may be difficult to request payment after a patient has undergone anesthesia and surgery. So how do you pay upfront if you are using cosmetic surgery financing? As long as your provider and lender have a partnership, the lender should pay the provider in full and then you’ll pay the lender over time. To use cosmetic surgery financing, you’ll want to get pre-qualified before booking a surgery or treatment. As long as you are pre-qualified for financing, you should be able to authorize the provider to charge your account – similar to a credit card. 

Can I finance cosmetic surgery?

Yes, cosmetic surgery can be financed. Cosmetic surgery financing is a popular way to pay for plastic surgery. Your provider may partner with financial companies in order to offer financing options for patients. To find out which providers in your area offer financing, you can visit LendingUSA. LendingUSA can help you get pre-qualified for cosmetic surgery financing while connecting you to local providers that accept financing. Your credit score should not be affected by submitting an application at LendingUSA. You can Google which providers offer financing and call to verify. If you are concerned about getting approved, it may reduce stress and anxiety by applying at home with LendingUSA.

What credit score do you need to finance plastic surgery?

Some lenders have a minimum credit score requirement of 620 or higher. However, credit score is not the only factor lenders take into consideration. Most lenders use a combination of factors such as credit score, income, residence, debt-to-income ratio, on-time payment history, and so on. Whether you have good credit or bad credit, you can apply at LendingUSA for cosmetic surgery financing.  If you have credit challenges but are able to qualify for cosmetic surgery financing, you should use the financing. Making on-time payments consistently and eventually paying off the loan can help boost your credit score. 

How do I qualify for cosmetic surgery financing?

To find out if you qualify for cosmetic surgery financing, you’ll first need to apply. Different lenders usually have different qualifications but at the minimum most lenders look for income, on-time payment history, and some kind of consistency and stability. If you have jumped around from job to job or residence to residence every few months, lenders may question your stability. If you have credit challenges or limited credit history you may not qualify for the lowest rates or promotional offers but you may still qualify for cosmetic surgery financing. Whether you are confident you qualify or not, you can apply at LendingUSA without affecting your credit score.

Can you finance plastic surgery with bad credit?

Good and bad credit borrowers can qualify for plastic surgery financing. While you may not qualify for the lowest rate or highest loan amount, you should take what you do qualify for – as long as you can cover the monthly payment. If you qualify for cosmetic surgery financing but are worried about being able to afford the monthly payment you may want to wait or borrow a lower amount. When you first apply and secure a cosmetic surgery loan your credit score may decrease. However, with on-time payments it’s likely that your credit score will improve over time. In some cases, you may be able to apply with a co-applicant which can increase your chance of approval.

What are the best cosmetic surgery financing options?

There are a variety of options available for cosmetic surgery financing. If you have already selected the surgeon of your choice, you can see if they offer financing options. If you are unsure of which surgeon to use and need financing to be able to afford a procedure, you may want to start by getting pre-qualified for a cosmetic surgery loan. So what are your options for cosmetic surgery financing? 

#1. Cosmetic surgery loan

LendingUSA specializes in cosmetic surgery financing for providers and patients. You can apply online without affecting your credit and get connected to providers that accept LendingUSA financing. Alternatively, if you have already selected a providerLending, they may be a LendingUSA partner. LendingUSA offers cosmetic surgery loans up to $12,000 with affordable payment plans. In addition, if you can repay the loan in full within six months of the disbursement date, there’s no interest charged on the principal. LendingUSA provides patients with a hassle-free experience that makes cosmetic surgery financing a breeze, thus making them one of the best options. 

#2. Provider payment plans

Most providers offer a payment plan or financing to help patients afford services. In most cases, provider payment plans do not have interest charges but they are usually very short-term. If you can afford a few hefty payments spread out over a short period of time, you may be able to use a provider payment plan.

#3. Credit cards

It may be convenient to swipe your credit card to pay for cosmetic surgery but it’s usually not the best option. If you can pay the balance off before your next statement you may be able to justify using a credit card. However, if you need more time to pay you should consider another financing option. Credit cards usually have higher interest rates than other options such as cosmetic surgery loans. In addition, you may not have a high enough credit card limit to cover a procedure. You may risk a credit score drop by using more than 30% of your available credit card balance. 

Pros and cons of cosmetic surgery loans

With most decisions comes pros and cons. It’s important you weigh the pros and cons of cosmetic surgery financing to make sure it’s right for you. In addition, you should compare cosmetic surgery lenders based on fees, loan features, and borrower requirements. Each individual will have their own set of pros and cons but let’s take a look at some of the basic pros and cons of cosmetic surgery loans. . .

Pros:

• Affordable monthly payments 
• Life altering cosmetic surgery procedures
• Promotional financing offers 
• Opportunity to boost credit score over time 

Cons:

• Taking on debt
• Interest and other fees
• Risk of hurting credit score if you default on loan

Conclusion

In conclusion, cosmetic surgery financing can allow you to undergo the cosmetic surgery procedures that you have been dreaming about. Rather than forking over a lump sum of cash, you can make affordable monthly payments over time. You can use cosmetic surgery financing for just about any type of cosmetic procedure. 

Discover the best cosmetic surgery loans and providers. . . apply online today!