Financing Your Plastic Surgery Plans

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There are a million and one different reasons why you might need money for a plastic surgery procedure, and one fact always remains.  It is expensive. Altering your body in any way is expensive, and you almost want it to be.  

If a breast augmentation surgery only cost you twenty bucks, you may need to fear for your life.  Instead of cutting corners, take the time to figure out the numbers. Here are a few ways you can hustle to pay for your plastic surgery plans.  

Try your luck at a personal loan

If you have the credit history to get approval from your bank for a personal loan, this is a decent avenue to travel for funding.  The challenge is that not everyone has a good credit history, and not everyone will qualify for a personal loan.  

The good news is that the internet has spawned a slew of new lending companies that make it a little easier to gain approval.  Give yourself a chance at a decent interest rate, and look for a loan first.  

Use your credit card to pay

You can always consider using your credit card to pay for the procedure.  If you want a little liposuction to slim down your waistline, it will cost you a few bucks.  Utilize the credit you’ve already been given to pay for the surgery.  

You could possibly have zero interest on your payback, depending on the caliber of the card you hold.  If your interest rate isn’t that great, you may want to shop around for a more efficient method of payment.  

Homeowners can take out a HELOC

If you’re a homeowner, you have a sort of savings account built into the worth of your property.  Homeowners have the ability to opt for a Home Equity Line Of Credit, which will convert some of the value of your home into cash you can use for whatever you deem necessary.  

It’s important, however, to realize that your HELOC will have to be paid back, so it’s like resetting your mortgage payments.  Don’t take this decision lightly, as your home is the collateral.

Tap into your 401(k)

If you’ve worked hard to build your 401(k) retirement fund, you likely have the option to tap into that money.  It is your money, after all.  

The good news about this method is that your interest rate is typically pretty low, and the process is pretty simple.  The not so good news about borrowing from your retirement fund is that sometimes you can’t pay into it until the debt is squared.  

Also, if you change jobs for any reason while you have a loan out, you have two options.  You either have to pay the loan off within 30 days, or you have to claim is as a distribution on your taxes.