No matter which part of the world you’re living in, cosmetic surgery has gained tremendous popularity across the globe. Over time, it has become more of ‘want’ than ‘necessity’. Hence, due to its elective nature, many financing companies do not cover the procedures that fall under cosmetic surgery.
Despite high cost and non-coverage by insurance companies, people still opt for treatments like liposuction, rhinoplasty, breast augmentation, and many others that help them to get expected outcomes.
But the question arises, are there ways that can help people to afford this expensive and out-of-pocket expense? Certainly, there are. Here we have mentioned a few affordable methods that can help you go easily under the knife. These ways include:
• Opting to pay through credit card:
You may find a credit card as the best option to pay for your out-of-pocket expenses. Indeed, there are credit cards that confer 0% introductory annual percentage rate. And a few credit card companies give the privilege of valuable reward points that can be consumed during vacations or for cash back. However, failure to repay a credit card bill can lead to serious consequences.
• Opting for a medical credit card:
Like other credit cards, a few medical credit cards also provide a 0% annual percentage rate (APR) as an introductory offer. This APR lasts approximately for a time period of 6 to 12 months. However, if a patient fails to pay the balance in full during that period, it can call for interest.
• Cash savings:
It may not be a good idea to utilize your savings as they are meant to cope with emergency situations. However, the biggest advantage of using cash savings is that you don’t get liable to any lender, there is no obligation for repayment and there is no extra expense that you have to bear with.
• Opting for a personal loan:
Another way to get cosmetic surgery financed is by opting for a personal loan. The loan can be taken either from a local bank, or a lender. It should be noted that personal loans have a fixed rate of interests. And this interest rates can vary, depending on your credit score. This means that if your credit score is good, you will qualify for attractive terms and rate of interest. If your credit score is bad, the rate of interest and fees will raise your overall medical expenses.
• Opting for payment plans:
As the name suggests, a payment plan allows you to pay your medical bills in a split amount. It means that you have the leverage for not paying full amount upfront but in installments, that too with zero percent interest rate. A payment plan is neither a loan or payment through a credit card. Hence, the patient doesn't have to pay extra. Also, as it is not linked with any financial group, it doesn’t impact your credit score. This means that through affordable payment plans, you can get financed for cosmetic surgery even with a bad credit score. But it should be noted that failure of payment could lead to collections call.
Denefits: Financing for cosmetic surgery and The safest and secured payment plans platform
Denefits payment plans platform is the best solution for all those patients who have a bad credit score. We understand that your credit report and financial status should not be considered when it comes to your mental and physical well being. Denefits is the best platform that supports you to pay your expensive/ unexpected dental bills, conveniently. Once you are connected with Denefits, you can count on instant financing and 100% approval rate that too, without credit checks. Denefits interactive digital platform understands the patients’ needs and yields unique solutions tailored to their financial capacities.