Body Lift Financing

How can I finance a full body lift?

The best ways to finance an arm lift are:

• Savings: a full body lift can be seriously costly, at around $30,000 if you want to cover all areas. You may not want to deplete your savings for the procedure, but it may be a good idea to use some or liquidate some assets if you can so you don’t have to borrow the full amount.
• Personal Loans: personal loans are by far the most popular choice for funding full body lifts, as most help you access large amounts over a fixed period of around 5 years. How much you can borrow and at what interest rate will depend on your creditworthiness and income.
• 0% APR Credit Cards: It’s highly unlikely you’ll be able to fund the entirety of your full body lift with credit cards, especially if you’re looking to get a new card with a good introductory offer such as 0% APR, but if you are planning to use savings for the majority of the cost, spreading some of the costs with a 0% APR card (or low-interest credit card) can be a smart way to borrow.
• HELOC: A Home Equity Line of Credit may be one of the best options available if you own your own home. This works like the line of credit you have access to with a credit card, but works much more like a bank account you can dip into as and when you need. Like a credit card, you only pay interest on the money you actually borrow, and the credit is usually made available again when you pay it back. HELOCs usually provide relatively high credit limits at good or even low-interest rates, but of course, this is because the line of credit is secured by the equity in your home. This means that you risk losing your home if you default on your repayments.
• 401(k) Loan: If you’ve been diligently maxing your 401(k) for some time, you may be able to use a 401(k) to pay for all or a part of your treatment. Not all 401(k) plans allow this, but those that do allow you to borrow a maximum of $50,000 or 50% of your account balance, whichever is higher. Make sure you do your research about what this involves for your plan so you can decide if it’s the right move for you. These don’t require a credit check or interest, but there can be penalties and taxes if you fail to repay on time.
• In-House Financing: Most surgeons offer in-house financing, usually in the form of a personal loan through a partner lender. These loans are usually set up as a payment plan and the money is paid directly to the surgeon. Make sure you do your research and compare what they’re offering compared to what you could get through an external lender to ensure you’re getting the best deal.

Pros & Cons of Body Lift Financing

PROS

• Finally get the body you know is under the excess skin
• Get treatment now, rather than saving up (which can take a long time for a treatment like this)
• Keep your savings intact
• Spread the cost

CONS

• This is a costly procedure, so you’ll need to be aware that it may hold you back from other major life decisions until you have paid it off
• Financing will be difficult to get (at an affordable rate) for those without a big income or excellent credit

What credit score do you need to obtain body lift financing?

Due to the high cost of this procedure, it’s best not to consider financing unless you have a credit score of 690 or higher. If you have a credit score below 660, consider spending some time improving your credit score before you think about applying for financing.

Can I get body lift financing with bad credit?

It’s unlikely - the costs are high and so you’ll likely struggle to make repayments. Look into whether your health insurance will cover some or all of the cost and work on improving your score and saving money so you can get the surgery in the future if your health insurance won’t cover you.

Body Lift Financing Calculator

Make sure you understand what your financing will cost you with our calculator:

How to Qualify for Body Lift Financing

To qualify for body lift financing, you’ll generally need:

• A credit score over 660
• A debt-to-income ratio of 30% or less
• Annual income over $50,000 (monthly repayments are usually around $550, so you’ll need to easily afford that as well as all normal living expenses)

Compare body lift personal loans and apply

A body lift is not just a cosmetic treatment - it’s something you need to feel comfortable and confident in your own skin. If you’ve decided now is the right time to pursue your dream body, make sure you book that consultation with a plastic surgeon and get a realistic estimate of what the results you desire will cost you.

Once you know the cost, it’s time to compare rates of the best body lift personal loans in the tables here and find the loan that’s right for you. When you find the loan that best suits your circumstances, click apply and follow their instructions. You’ll soon have the funding you need to get your dream body.