Financial Security and Anti-Fraud Authority

Plastic Surgery Loans for Bad Credit: How to Finance Your Procedure

For many people, plastic surgery can be life-changing but also expensive. If you have bad credit, you may think financing cosmetic procedures is out of reach. However, there are actually several options for plastic surgery loans for bad credit that can help make your aesthetic goals a reality.

In this comprehensive guide, we’ll explore everything you need to know about financing plastic surgery with bad credit, including:

Top lenders offering plastic surgery loans for poor credit
How to qualify with a low credit score
Pros and cons of different financing options
Tips to improve your chances of approval
Alternatives to consider

Can You Get a Plastic Surgery Loan with Bad Credit?

The short answer is yes, it is possible to get approved for plastic surgery financing even with poor credit. While having bad credit does make it more challenging, there are lenders who specialize in providing plastic surgery loans for bad credit borrowers.

These lenders look beyond just your credit score and consider factors like income, employment history, and overall financial picture when making approval decisions. Interest rates will likely be higher than for borrowers with good credit, but financing is still an option.

Top Lenders for Bad Credit Plastic Surgery Loans

Here are some of the best lenders to consider for plastic surgery financing with poor credit:

Lender	Min. Credit Score	Loan Amounts	APR Range
Upstart	300	$1,000 – $50,000	5.22% – 35.99%
OneMain Financial	No minimum	$1,500 – $20,000	18.00% – 35.99%
Avant	580	$2,000 – $35,000	9.95% – 35.99%
LendingPoint	585	$2,000 – $36,500	7.99% – 35.99%

Upstart

Upstart is known for using artificial intelligence to assess borrowers, looking beyond just credit scores. This makes them a good option for those with poor credit but strong income or education. They offer plastic surgery loans for bad credit up to $50,000.

OneMain Financial

OneMain Financial specializes in loans for borrowers with challenged credit. They have no minimum credit score requirement and offer secured and unsecured loan options. Loan amounts go up to $20,000 for cosmetic procedures.

Avant

Avant provides personal loans that can be used for plastic surgery to borrowers with credit scores as low as 580. Their loans have competitive rates and go up to $35,000.

LendingPoint

LendingPoint offers personal loans for cosmetic procedures to those with credit scores of 585+. They look at factors beyond credit score for approval. Loans up to $36,500 are available.

How to Qualify for a Plastic Surgery Loan with Bad Credit

While qualifying for plastic surgery financing with poor credit is more difficult, there are things you can do to improve your chances:

Check your credit report – Look for any errors that may be hurting your score and dispute them
Improve your debt-to-income ratio – Pay down existing debts if possible
Get a steady income – Lenders want to see stable employment/income
Save for a down payment – Having some money to put down can help offset the risk for lenders
Consider a secured loan – Using collateral like a vehicle can improve approval odds
Get a cosigner – Having someone with better credit cosign can boost your application

According to Experian, while most lenders prefer credit scores of 670+, there are options available for scores in the 500-600 range. The key is showing strong income and overall financial stability to offset the low credit score.

Pros and Cons of Bad Credit Plastic Surgery Loans

Here are some of the main advantages and disadvantages to consider with plastic surgery loans for bad credit:

Pros:

Makes cosmetic procedures more accessible
Allows you to break up the cost into monthly payments
Funding is typically quick (often within a week)
Can help build credit if payments are made on time
No collateral required for unsecured loans

Cons:

Higher interest rates than good credit loans
May have origination fees or prepayment penalties
Risk of going into debt for elective procedures
Missed payments can further damage credit
May require a cosigner

Alternatives to Bad Credit Plastic Surgery Loans

If you’re having trouble qualifying for a plastic surgery loan with bad credit, here are some other options to consider:

Medical credit cards

Cards like CareCredit are designed specifically for healthcare expenses and may be easier to qualify for than traditional loans. Just be aware of deferred interest promotions.

In-house financing

Some plastic surgeons offer payment plans directly through their practice. This can be a good option if you have an established relationship with the doctor.

Secured loans

Using collateral like a vehicle or savings account can improve approval odds and potentially get you better rates, even with bad credit.

Save up cash

While it requires patience, saving up to pay cash is the cheapest way to fund plastic surgery and avoids the risks of going into debt.

Crowdfunding

Sites like GoFundMe allow you to fundraise from friends and family to help cover procedure costs.

Tips for Taking Out a Plastic Surgery Loan with Bad Credit

If you decide to move forward with a bad credit plastic surgery loan, keep these tips in mind:

Shop around – Compare offers from multiple lenders to find the best rates and terms
Watch out for predatory lenders – Avoid any lender promising guaranteed approval without a credit check
Read the fine print – Pay attention to fees, prepayment penalties, and other loan terms
Borrow only what you need – Don’t take out more than necessary for your procedure
Have a repayment plan – Make sure the monthly payments fit comfortably in your budget
Consider counseling – A credit counselor can provide advice on managing debt and improving your financial health

LendingTree reports that personal loan options for bad credit borrowers have grown significantly in recent years. This expansion means there are more choices available than ever before, even if your credit isn’t perfect. Just be sure to carefully review all the terms and shop around.

In summary, while financing plastic surgery with bad credit poses challenges, it is possible through lenders specializing in subprime borrowers or alternative funding options like medical credit cards. With careful planning and comparison shopping, you can make your aesthetic dreams a reality without breaking the bank or damaging your finances further.

Local Loan Facility: Example Finance Company in Los Angeles

Contact us at +1-800-555-1234 or visit our website for more information. Located in the heart of Los Angeles, Example Finance Company offers specialized personal loans designed to assist individuals with bad credit in financing plastic surgery procedures.

At Example Finance Company, we understand that securing a loan can be challenging, especially if you have less-than-perfect credit. That’s why we provide an accessible and straightforward process for obtaining personal or short-term loans ranging from $500 to $15,000 at competitive interest rates starting at 24.9%. Our loans are available in terms of 6 to 36 months with installment payments that can be tailored to fit your budget.

Visit Us in Person for a Personalized Experience

Visiting our physical location offers several advantages over online applications alone:

In-person Consultations: Our knowledgeable staff is available to provide personalized consultations and answer any questions you may have regarding the loan process.
Rapid Approval: By visiting us in person, you can often receive your loan approval much faster compared to online applications.
Customer Support: On-site assistance ensures that any issues or concerns are resolved quickly and effectively.

User Reviews: In-Person Experiences at Example Finance Company

\”I had a great experience at the Los Angeles branch of Example Finance Company. The staff was very friendly, knowledgeable, and helped me understand all aspects of my loan in detail.\” – John D.

\”The process was surprisingly smooth and efficient. I received my approval within minutes after submitting all necessary documents in person. It’s comforting to have a physical presence nearby for any future inquiries or issues.\” – Mary S.