Breast Implant Revision Financing

Pros & Cons of Breast Implant Revision Financing

PROS

• Get the surgery you need now, rather than later
• Avoid depleting your savings
• Spread the cost over time
• Many of the options have low interest rates, especially if you have a high credit score

CONS

• If you stretch yourself financially to afford the surgery, you may find you have to put other big life decisions on hold until you pay it off
• If you don’t have a good credit score, you’ll struggle to find affordable financing

How long do breast implant revisions last?

The longevity of breast implant revisions can vary depending on several factors, including the specific procedure performed, the type of implants used, individual factors, and lifestyle choices. While breast implant revisions are intended to address concerns or complications with existing implants, it's important to note that no surgical procedure can guarantee permanent results.

Breast implant revisions can last for many years, but it's essential to understand that breast implants, regardless of the revision, are not considered lifetime devices. The lifespan of breast implants, including revision surgeries, can be influenced by factors such as:

1. Implant quality: The quality and durability of the implants used can affect their longevity. High-quality implants from reputable manufacturers tend to have better longevity and a lower risk of complications.
2. Age of the implants: The age of the implants can impact their lifespan. Over time, implants may naturally degrade, develop wear and tear, or experience issues such as rupture or leakage.
3. Individual factors: Individual factors, such as changes in weight, pregnancy, hormonal fluctuations, and aging, can impact the appearance and longevity of breast implants. These factors can influence the need for further revisions or adjustments over time.
4. Lifestyle choices: Lifestyle choices, such as engaging in activities that put significant stress on the breasts or not following proper care instructions, can impact the lifespan of breast implant revisions.

Do plastic surgery cosmetic centers offer in-house financing?

Yes, most do. In most cases, this will be offered via a partner lender. Make sure you compare in-house offers to external financing options to ensure you’re making the best decision for you.

Will my health insurance cover breast implant revision surgery?

In most cases, no, but that may be different if you are experiencing health-threatening complications. Talk to your surgeon and insurance company about what is possible if this is the case.

What credit score do I need to qualify for breast implant revision financing?

The credit score requirements to qualify for breast implant revision financing can vary depending on the lender or financing program you choose. Generally, a good credit score is beneficial in obtaining favorable financing terms. A credit score of 670 or above is typically considered good, while scores above 700 are considered very good or excellent.

What kind of interest rate can I expect to pay on a breast revision loan?

The interest rate you can expect to pay on a breast revision loan can vary depending on several factors, including your creditworthiness, the lender you choose, the loan term, and the prevailing market rates at the time of borrowing. Generally, interest rates for unsecured personal loans, which are commonly used for financing medical procedures like breast revision surgery, can range from around 5% to 36%.

Can I get breast implant revision financing with bad credit?

It’s possible, but you’ll likely find the options available to you are unaffordable. Make sure you understand your financial circumstances and how much you can afford to repay each month.

Should you use a personal loan to pay for breast implant revision surgery?

Whether or not you should use a personal loan to pay for breast implant revision surgery depends on your personal financial situation and preferences. Here are some factors to consider when making this decision:

1. Affordability: Can you comfortably afford the monthly loan payments without straining your budget? Consider your current income, expenses, and other financial obligations. Review the loan terms, including the interest rate and repayment period, to ensure that the monthly payments fit within your financial capabilities.
2. Interest rates and fees: Compare the interest rates and fees associated with personal loans from different lenders. Look for the most competitive rates and consider any additional charges, such as origination fees or prepayment penalties. Lower interest rates can save you money over the life of the loan.
3. Creditworthiness: Lenders typically consider your credit history and credit score when determining loan eligibility and interest rates. If you have a good credit score, you may qualify for lower interest rates, making a personal loan a more attractive option. However, if your credit score is lower, you may face higher interest rates or have difficulty obtaining a loan.

How to Qualify for Breast Implant Revision Financing

To qualify for financing for breast implant revision procedures, you can follow these steps:

1. Assess your creditworthiness: Check your credit score and review your credit report to understand your financial standing. Lenders often consider credit scores when evaluating loan applications for breast implant revision.
2. Research financing options: Look for lenders or financing programs that specifically cater to medical procedures, including breast implant revision. Focus on lenders who offer flexible terms and competitive rates for these types of procedures.
3. Prepare necessary documentation: Gather the required documents typically requested for loan applications, such as proof of income, identification, and financial statements. Some lenders may also require details related specifically to the breast implant revision procedure.
4. Determine affordability: Evaluate your financial situation and determine how much you can comfortably borrow and repay. Take into account the loan amount, interest rate, and repayment period to ensure the monthly payments fit within your budget.
5. Seek pre-approval: Many lenders offer pre-approval processes, allowing you to assess your eligibility and obtain estimated loan terms without a hard credit check. This helps you compare offers and choose the most suitable financing option.
6. Submit your application: Complete the loan application with accurate and honest information, including details related to your breast implant revision procedure. Provide all requested documents along with the application.
7. Review and accept the loan offer: If you receive approval, carefully review the loan offer, paying close attention to the interest rate, repayment terms, and any associated fees. Ensure you fully understand the terms and conditions before accepting the offer.