Show Me The Money: Financing Do’s and Don’ts
Plastic surgery is more affordable than ever before, due to an increased number of financing options available. Financing can be a great option for patients who want to have a procedure, but do not have a lump sum of money. Here are some Do’s and Don’ts to consider when financing plastic surgery.
Do: Pay on Time
In order to ensure you receive the rate and plan that you enrolled in, you should pay the required monthly payment each month on time. Consider sending in payment a week or more before it is due to ensure it is received on time. Often, if payment is late, interest will be charged on the full amount
Don’t: Miss Your Payments
It will effect your credit rating and missing payments can result in a high interest and added fees.
Do: Pay More Than the Minimum
The quicker you are able to pay off your balance, the less interest you will accumulate. Check with your financing company to ensure that there is not a fee for paying off your balance ahead of schedule (Care Credit, which is accepted at Dr. Shah’s office, has no such fee).
Don’t: Spend More Than You Can
As with any credit card or financing, it is important to plan ahead and create a budget prior to making a large purchase.
Do: Use Your Doctor’s Office as a Resource
A Patient Coordinator at Dr. Shah’s office is your guide to financing. They have experience in plastic surgery financing and can help you decide what options are best for you.
Don’t: Ignore Your Monthly Statement
Check to be sure all charges are accurate and reflect what you have purchased.
Do: Read the Fine Print
Know the terms of your financing and understand all rules and regulations such as interest rate, fees, payment schedule, etc. Financing is a 3rd party source not controlled by Dr. Shah’s office, so understand all aspects of your plan.