Cosmetic Surgery Financing

To Finance Cosmetic Cosmetic Procedures

Being able to have the body of your dreams using surgery has never been easier and more affordable than it is today. But plastic surgery is still a big investment in your future and finding the best way to borrow money for the fees is a big part of the entire decision process.

Unlike a loan on a home or an automobile, a loan to finance cosmetic surgery is a personal loan with nothing a financing company can take back if you don't pay. Therefore, banks and finance companies are much more careful in evaluating your application.

The loaning company will carefully examine your application and your credit report to show if you are a good risk to repay the loan. Your history of bill-paying, late payments, outstanding loans and the like will count in or against your favor.

Your credit report contains a score, a value from 365 to 870, that tells the financing company how likely you are to pay off a loan according to the terms of the agreement.

Other factors are also considered such as your occupation, how long you've worked at your present job and whether you own your house. They will consider you a good credit risk if:

• You are a US citizen and resident of the state where you are applying
• You meet any minimum age requirements
• The loan is for less than half of your gross annual income
• The total of all your debts is less than half of your gross annual income
• You have already established credit and have no marks against it for 2 years
• You have less than $15,000 of total credit card debt

The majority of this info is derived from your application and checked against your credit report.

Suggestions For Filling Out The Plastic Surgery Loan Application

Request a cosmetic surgery loan to one finance company at a time. Applying to several companies at the same time will decrease your total credit rating.

Fill out the cosmetic procedure loan application absolutely and accurately. Blank fields raise suspicion and differences between your application and your credit report will possibly result in a rejection of your application.

Use extra care answering doubts about employment. Make sure phone numbers and addresses are correct. If you are self-employed or in a trade where frequent job changes are normal you may want to reference your union or trade organization rather than your last place of employment.

Marital and dependent information is not normally necessary. However, if you have changed names, including through marriage, you may use the name that is on your credit report.

Answer doubts in your favor. List every source of income and only list the minimum necessary financing on any current debts you have.

Get your address right. Don't use a P.O. Box instead of a street and if you have not been at the present address from more than three years you may give the previous address where you lived.