The 9 Most Popular Payment Options for Cosmetic Surgery

Many of the costly expenses in life come with straight forward financing options such as purchasing a home or a car or getting a bachelor’s or master’s degree but what about cosmetic surgery?

Every year millions of people in the United States shell out thousands of dollars for cosmetic surgery because typical insurance does not cover any of it. If you are considering cosmetic surgery and aren’t sure how you are going to pay for it, think about one or more of the following options:

  1. Regular credit cards. Using a low-APR credit card or applying for a new card with a 0 percent introductory period can be a great option. You can maintain or improve your credit while you pay off your surgery.
  2. Health care or medical credit cards. Most health care credit cards also have 0 percent promotions and many have competitive interest rates and payment plans.
  3. Home equity loan or line of credit. As mortgage rates are at an all-time low, equity loans and credit lines are easily accessible for homeowners.
  4. Bank loan. Bank loans have fixed interest rates and a fixed period of time to pay back the money. If you’ve never taken a loan before, this will help you increase your credit score if you make your payments on time.
  5. Cash savings. When you use money that you already have in the bank that you haven’t set aside for emergencies, you don’t have to borrow or pay interest.
  6. Doctor payment plans. While most cosmetic surgeons require full payment upfront, some doctors will create payment plans that fit their patients’ budgets.
  7. Unsecured medical loans. Unsecured medical loans are available as personal loans or credit cards. In most instances, third parties (i.e. brokers, physicians), mediate them.
  8. 401(k) loans. Typically you can borrow as much as 50 percent of the vested 401(k) balance up to $50,000. The repayments are taken out of a paycheck automatically for up to five years.
  9. Loans from family or friends. If you can’t get a loan and don’t have money to pull elsewhere, a loan from a loved one may be a last resort.
Steve Burgess is the Spokesperson for Faaast Cash, which provides instant online payday loans and payday cash advance, servicing the entire nation. Steve has over 25 years of senior executive experience turning around, building and leading some of the fastest growing and most successful companies in America. He has his MBA, makes media appearances, and is a highly regarded speaker at conferences, corporate and business events, and leading universities. Steve is also a #1 bestselling author whose books include Purpose, Passion, Abundance, On an Enlightened Path, and Living in Abundance. Google +

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