Plastic surgery financing is not like a home or auto loan. It is generally an unsecured personal loan, which means there is no collateral. Nothing can be repossessed should you not make the payments.
Because there is no collateral, financial institutes try to manage their risk more carefully than they might if there were collateral. They will evaluate the application and your credit report to predict how likely it is you will repay your loan.
Your credit report will disclose your previous credit experience and your history at paying your bills, including the number of times you were late paying, how much outstanding debt you have.
If you have had credit problems in the past or bankruptcy within the past 8 years this is going to affect your chance to get financing. And don’t make the mistake of getting involved with discount plastic surgery schemes or predatory financing rates! Know the facts from a pure, unbiased blog written by a real plastic surgeon.
Here are the basics that are generally required:
Ask the staff at Dr. Kim’s office for their assistance. Fill the loan application out completely. Never leave blanks. Answer the questions carefully. Don’t rush through the application.
Whether you are planning a breast augmentation, San Francisco, liposuction, or a face lift in the Bay Area, it’s very exciting to know you are about to embark on a journey to improve the way you look and feel. That’s why it’s important to understand everything about financing your plastic surgery with an exceptionally qualified, experienced San Francisco cosmetic surgeon like Dr. Kim.