How will you finance your procedure?

When you look at the price, costs or fees associated with plastic cosmetic surgery, one of the first questions that comes to mind is: How will I pay for the costs or fees?

There are numerous options for paying for the surgery or procedure. The most common methods are:

· Cash
· Credit Card
· Loan

There is a place for each of these options.

Cash may be the choice to pay for the fees or price associated with plastic cosmetic surgery when savings have been put aside expressly for this purpose. Using cash may be beneficial because the physician may pass savings along to you that he/she would have normally been required to pay for accepting credit card or a patient financing loan.

When you use cash, you do not have that cash in the bank working for you. And you do not have the freedom to use it for other things when you put it towards paying for your surgery upfront. Additionally, you can’t have the benefit of your surgery until you save the full amount. Consider the benefit of surgery on your earning potential; would you get a higher paying job or promotion if your appearance were improved?

Credit Cards are useful and most practices or physicians accept them. They can carry high interest rates and have other fees. Using credit cards, you can spread out your payments. The fees or prices for plastic cosmetic surgery are high-ticket items. You may find that you max out your credit card with these fees (depending on your limit). However, your credit card may offer points for each dollar you spend. Think about earning that trip to Paris earlier than you planned (you will look good there too!).

Patient finance loans are great vehicles for paying for your surgery. Most physicians or practices accept loans (however they usually pay a fee for accepting them). Hopefully, they will not pass this fee on to you. You can then pay the loan back over time, and when you don’t miss a payment you are building a great credit history.

Just remember to consider all costs associated with using someone else’s money (credit card or loan) will be paid by you. These costs include interest fees and sometimes small processing or origination fees.