A Review of the 5 Best and Worst Financing Agencies for Cosmetic Surgery

Everyone wants to look beautiful and everybody has that one thing they would like to change about themselves, something that you may want to tuck or snip, to make them feel perfect and more confident. Cosmetic surgeries are there to help you achieve that. Unfortunately, elective surgeries are also very expensive and personal credit cards sometimes can't cover it and don't do you much favor in terms of interest rates. That is why there have been many financing agencies providing loans for cosmetic procedures. Here we try to list some of the best and worst agencies for cosmetic surgery.

Capital One, Care Credit, Chase Health Advance, eFinancing Solutions and My Medical Loan are often listed by plastic surgeons as most reputable lenders. Care Credit stands out as the most reputable one. All these financing agencies have different plans from which you can choose the most suitable one. You will have an interest free year, after which you get a 10-15 percent rate and you have a 60 month plan to pay up your debt. Your other options could be family or bank loans and some doctors will even consider a lay-away monthly payments until you raise the necessary amount of money which could turn out to be your best choice.

Credit cards are usually your worst option, since the interest rates are often too high and you end up paying almost double the amount you were supposed to. 401Ks are also a very bad choice since you repay loan with tax money and thus pay double taxes on the same amount. There are also some websites like depositagift.com or gogift.com where you could ask for anonymous donations, but it is highly risky and not recommended.

Whatever you decide to do, consider all your options carefully and plan the payment carefully.

Sources:

Wikipedia.com

CapitalOne.com