United Medical Credit

Plastic surgery loans make cosmetic surgery accessible to more Americans

In December 19, 2013

In November this year, a woman in Pennsylvania was sentenced to 15 months in federal prison for fraudulently obtaining student loans, which she apparently used to pay for various personal expenses other than her education, including plastic surgery.

This story reinforces a simple truth about cosmetic surgeries—they can be very expensive.

And people who want or need to undergo one can get frustrated with the continuously rising costs of doing so.

Of course, there have always been options for those who cannot afford to pay cash up front. Some choose to max out their credit cards, some take out home equity loans while some decide to spend stashed away emergency funds.

Meanwhile, some potential patients go to a more strategic route and take out plastic surgery loans.

Plastic surgery loans are a form of financing specific to cosmetic surgeries such as body lift, face lift, scar removal, nose surgery, breast augmentation, liposuction and hair restoration, among others.

According to Matthew Libman, president at United Medical Credit (UMC), an established medical loans provider, the company focuses specifically on potential patients with average and below average credit scores because it wants to help those who need plastic surgery but cannot afford it.

“There is a stigma associated with plastic surgery,” Libman added. “Many people do it for vanity and that’s okay. But some people don’t just want it as an option. Some people actually need it and a lot of them cannot afford it. Being able to get plastic surgery when you need it is part of getting basic health care support, and that’s what UMC’s plastic surgery loans try to address.”

Obesity Awareness Support

During the latest Obesity Week trade show in Atlanta, Georgia last November, UMC was among the top medical financing organizations that were present to highlight services and products to participating bariatric surgeons—surgeons who specialize in weight loss and life-saving invasive surgeries for obese people.

In a study by Gallup.com, it was found that adult obesity rate in the US was up to 27.2 percent in 2013 (as of November) from 26.2 percent in 2012. The same research also noted that obesity rates “have increased slightly across almost all major demographic and socioeconomic groups” except among the 18- to 29-year-olds. According to its website, Obesity Week is a “unique, international event focused on the basic science, clinical application, surgical intervention and prevention of obesity.”

Data from the National Institutes of Health estimated the cost of bariatric surgery from about $12,000 to $35,000 depending on various factors. Many insurers cover this particular kind of surgery although qualifications are very stringent and at times, not all aspects of the cost are covered.

Libman said, “Our participation during the Obesity Week was extremely insightful. As medical loan providers, it reinforced our role as partners to patients who need surgery to get a new lease in life.”

UMC offers bariatric financing for procedures including lap band surgery, gastric bypass, mini gastric bypass and adjustable gastric band placement, among other related services.

Medical Loans: The UMC Way

Medical and plastic surgery loans range from $500 to $20,000. UMC offers Same-as-Cash financing programs ranging from six to 24 months on approved credit and with provider participation.

As a customer-driven service company, UMC clients can trust that concerns, questions and complaints are handled immediately and professionally.

“There is never an excuse to cheat, lie and deceive people just to get money for plastic surgery,” he added. “There are easier and, more importantly, legal ways, to get plastic surgery done.”

For more information on plastic surgery loans and other forms of medical financing, contact (888) 647-4333, send an e-mail to info@unitedmedicalcredit.com or visit the website, www.unitedmedicalcredit.com.

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