A Loan for Gynecomastia Surgery: Should You or Shouldn’t You?
Cosmetic procedures are not inexpensive, and we understand it can be frustrating for our patients in New York to fund gynecomastia surgery. Few guys who consult us can simply write a check for male breast reduction without giving some thought to the cost, and many ask us whether it makes sense to consider financing.
We also answer frequent questions about the cost of male breast reduction on gynecomastia.org, and we learn from the members of that site. In case you are thinking about financing surgery, here’s a summary of our views.
A Leading Option
Along with many other plastic surgeons, we partner with an organization that offers financing to those who qualify. Most companies have a variety of plans with different levels of monthly payments—some quite low—and loan durations. Generally speaking, you’ll need a solid job and a pretty good credit rating to work with one of these firms.
We advise our New York gynecomastia patients to make sure they understand loan details completely. Companies who extend credit for cosmetic surgery often have promotional packages, including no interest if paid within a period of a few to several months. These deals can work very well! But it’s important to know what happens if you choose such an option and are ultimately unable to pay off the loan within the no interest term, just in case.
We learned another way from one gynecomastia.org member’s experience. Though this guy had some money saved up, it wasn’t enough to pay the total cost of gynecomastia surgery straight out of pocket. He landed a personal loan from his bank and paid it off over time using his savings to help cover the monthly payments.
This patient felt he benefitted by going this route in two ways: he established a good relationship with his bank and built his credit rating further, while getting surgery in the near term. For him, this was “a sound financial decision.”
If you have trouble securing a loan—because you are young, in your first job or your credit rating is not quite up to par—you can ask a family member to co-sign for you. That way you can qualify for a loan and boost your credit history as well.
Don’t Give Up on Saving
When our patients need to fund some or all of the cost of man boob surgery, we advise them not to discard the idea of simply saving the money. By committing to a strategy that makes sense, each individual can see his surgery fund add up fairly quickly. Some time ago we wrote an article with suggestions that still apply—you can read it here.
One member of gynecomastia.org said that when he really wants something, he prints out a picture and attaches a savings ledger. Whenever he adds money, he writes down the amount. This way, he sees that every day he’s a little closer to his goal. According to this patient, this method boosts his motivation.
Even if you’re not sure where the funds for your man boob surgery will come from, we would advise you to go ahead and schedule a consultation with a board certified plastic surgeon with lots of experience treating patients like you. Do not look for the lowest cost provider! A quick scan of forum posts on gynecomastia.org will tell you how many guys have done that and how many have been disappointed with the results. If you need to save for surgery, you certainly don’t want to save for a second round.
If we can help, we would be glad to talk with you. We have worked with hundreds and hundreds of guys who get quite creative in meeting the cost of male breast reduction, and we’re happy to share ideas. Just give us a call at 212-570-6080.