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Cosmetic Surgery Loans

Cosmetic surgery loans are available mainly as personal loans. BestCosmeticProcedures has written about the fact that many times insurance companies do not cover these types of surgeries because they are usually considered cosmetic not medical.  In an effort to provide our visitors with options we will be updating this page periodically with companies and information regarding loans for cosmetic procedures.
You would think it would be easy to find real information regarding loans that are specifically for cosmetic surgery but the information is typically lumped into offerings for personal loans that can be secured with collateral or be unsecured and basically rests on the power of your application and therefore your credit score and credit history.
There are some companies that are purely medical loan based like UnitedMedicalCredit and CareCredit(which is owned by GE).  There appear to be many more limitations to these types of loans like which providers you can use that may not make them the best choice depending on your needs.

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We are currently recommending Prosper.com as a more flexible option for financing your cosmetic procedures since it is basically considered a personal loan taken out for the purpose of a cosmetic procedure.

Sometimes an individual needs to make what is known as a ‘personal loan’. A personal loan is ordinarily obtained by putting up something that is owned by the borrower as collateral. Collateral for a personal loan does not mean that the loan is being made to purchase the item used as collateral. The collateral is only used as assurance to the lender that the loan will be repaid.

Unexpected expenses like an illness can necessitate the need for a personal loan. Other things that personal loans are sometimes used for are family vacations, college tuition, or debt consolidation. People can need a personal loan for many different things and many different sets of circumstances.

Typically the cost of a cosmetic surgery loan varies based on the individual who applies for the loan…their work history and their credit history among other things will be considered. As of this writing Prosper.com offers loans from $2,000 to $25,000 starting as low as 6.59% APR.

The intention of a personal loan can be as varied as the individuals who apply for them. It could be that a young man wants to buy an engagement ring for his wife to be or a used boat. A personal loan can be used in any way the borrower sees fit to use it. This is why it can be used as a cosmetic surgery loan.

Prosper.com specializes in making loans that are unsecured in other words they are more based on your a strong credit history.  We did not find any particular cons associated with obtaining a cosmetic surgery loan through Prosper.com. You should always be sure that you are comfortable with the payments and terms of any loan and be sure you have evaluated the cosmetic surgery you are hoping to have thoroughly.  There is no guarantee offered by Prosper.com that a cosmetic surgery loan will be granted or that it will help the borrower in any way.

Another aspect that I find attractive about Prosper.com is that the model seems like the micro loan model in India that has gotten so much attention for lending to small borrowers with the use of funds from other people.  Prosper.com connects average people who want to invest money with people like you who want to borrow it.  Investors get better returns than some traditional investments and good borrowers get good rates.

Click on the Banner to Apply Now.

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