Pay Day Loans To Pay For Surgery? Don’t Risk It!
“Bad credit? No Job? Get Payday cash now!” We’ve all seen the ads and they are popping up more and more around the globe tempting women to borrow in order to pay for their plastic surgery procedures. Don’t be fooled! Risky loans that charge usury interest may help patients get the look that they want, but after the procedure is over, having to pay almost 4,200 percent over the original loan amount can send anyone back into the hospital.
The Consumer Financial Protection Bureau is on a mission to protect consumers but while the jury is still out on payday lenders, Dr. Stevens recommends bypassing risky loans and opting for other ways to finance your procedure.
Budget – Surgeries are typically scheduled months after your initial consultation with your surgeon. Begin setting aside money towards your goal and develop a strategy that you can also supplement with other financing options.
Care Credit – Medical credit cards work like a regular credit card and offer payment plans with low interest rates to finance your medical procedure. In some cases, if you pay off your procedure within a year, you will avoid paying interest on your surgery.
Insurance – Most cosmetic operations are not covered by private insurance carriers, but in some cases, for example breast reduction, costs may be defrayed. Check with your insurance company to see which procedures are covered by them.
Additional Resources:
5 Tips to Budget For Plastic Surgery
Dr. Leslie H. Stevens is a board certified plastic surgeon in Beverly Hills and co-director of the renowned Lasky Clinic, known for its extensive celebrity clientele. Dr. Stevens specializes in facelifts, eye lifts, breast augmentation, tummy tucks, labiaplasty, liposuction and body contouring. His practice is located in the Los Angeles area at the Lasky Clinic in Beverly Hills.
“Bad credit? No Job? Get a Payday cash now!” We’ve all seen the ads and they are popping up more and more around the globe tempting women to borrow in order to pay for their plastic surgery procedures. Don’t be fooled! Risky loans that charge usury interest may help patients get the look that they want, but after the procedure is over, having to pay almost 4,200 percent over the original loan amount can send anyone back into the hospital.
The Consumer Financial Protection Bureau is on a mission to protect consumers but while the jury is still out on payday lenders, Dr. Stevens recommends bypassing risky loans and opting for other ways to finance your procedure.
Budget – Surgeries are typically scheduled months after your initial consultation with your surgeon. Begin setting aside money towards your goal and develop a strategy that you can also supplement with other financing options.
Care Credit – Medical credit cards work like a regular credit card and offer payment plans with low interest rates to finance your medical procedure. In some cases, if you pay off your procedure within a year, you will avoid paying interest on your surgery.
Insurance – Most cosmetic operations are not covered by private insurance carriers, but in some cases, for example breast reduction, costs may be defrayed. Check with your insurance company to see which procedures are covered by them.
Additional Resources:
5 Tips to Budget For Plastic Surgery
Dr. Leslie H. Stevens is a board certified plastic surgeon in Beverly Hills and co-director of the renowned Lasky Clinic, known for its extensive celebrity clientele. Dr. Stevens specializes in facelifts, eye lifts, breast augmentation, tummy tucks, labiaplasty, liposuction and body contouring. His practice is located in the Los Angeles area at the Lasky Clinic in Beverly Hills.
