Is Cosmetic Surgery Finance the Best Idea for You?

by

Tim Gardine

Is Cosmetic Surgery Finance okay? This really does depend, but generally I would say that if you can t afford your cosmetic surgery at the moment, maybe now is not the best time. Too many people get themselves caught-up in no end of bother with credit, and with something like cosmetic surgery, the risks are that much greater.

I know that as a patient we don t really want to think about it too much, but with cosmetic surgery, there is always the risk of something going wrong. It is essential that you consider the worst-case scenario. If the worst happened, and your plastic surgery had complications that resulted in you being unable to work for an extended period, how would you repay your plastic surgery financing?

To me, at least, that just sounds like unnecessary stress. Probably the only time that finance for elective surgery might sensibly be considered would be for weight-loss surgery. If you are seriously overweight, and the surgery is for the sake of your health, then perhaps there is an argument that the surgery can t wait, and that your health is the most important thing.

Even so, do be careful about who lends you the money for your surgery. There are many unscrupulous finance companies out there, so be careful who you choose. The “zero credit rating” ones are frequently the worst. The lender, believing you to be a higher risk, will charge far higher rates of interst for your loan, if you have had issues with your finances in the past.

DO read the small print. It is so easy to get sucked in by hearing about 0% interest-free periods that we often neglect to consider what the rate of interest will be after a year. Often, people find that they overestimate how much it will be possible for them to set aside from their income, so, even with the best intentions, they find that it is not possible to pay off the loan during the interest-free period

It is sometimes the case that finance companies offer 0% for a year, and then after that, the rate will be 25% APR, which spread over a period of 4 years can mean you are actually paying double the price.

It is definitely advisable to take out a payment protection plan of some kind. Without payment protection, there is always a danger that you ill be unable to make the repayments. This is something that we are often unwilling to accept as a possibility, but the reality is that occassionally people do run into problems, and this is more than ever the case in the current economic environment. It will naturally involve a little more cost, but if the worst happened, worrying about money would at least not be an issue!

Unfortunately, the days of cheap and easy credit appear to be behind us, and with the present economic climate, the smartest patients probably choose to delay elective treatments until they can actually afford them. If any good comes out of the recession, it will surely be that we learn to live within our means, reduce our outgoings and learn to spend our money more wisely. And if we really do find that there is no alternative to seeking finance for surgery, then at least many of us will have hopefully learnt to read the small print.

Why should we feel obliged to accept over-priced medical services in our home country? Surgery abroad has become for many of us a very real alternative to the stranglehold of the medical establishment. Find out where to get the

Best Prices for Cosmetic Surgery

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Article Source:

ArticleRich.com