Loans being taken to pay for surgery
August 5, 2010
According to a recent report a rising number of consumers in the UK are taking out personal loans in order to pay for surgery. With many trying to cope in a society where the glossy magazine show photos of apparently perfect men and women the pressure is on the general public to try and look good, even if it means making surgical changes.
Having surgery such as cosmetic surgery can be very costly, and for many people the only option is to borrow the money to have the surgery carried out. Figures that were recently released have shown that a significant amount of money has been borrowed to pay for surgical procedures by those that did not have the money to make payment upfront.
Whilst the recession has caused a range of financial problems for many consumers figures suggest that many people are still prepared to find the means to pay for cosmetic surgery even if this means getting into debt. Personal loans have become an effective option for those that need to raise the money for cosmetic surgery, and there are a number of options and choices available.
Figures have been released by the British Association of Aesthetic Plastic Surgeons (BAAPS), and the data showed that in 2009 there were over 36,400 surgical procedures, which reflected an increase of 6.7 percent compared to the previous year. The Harley Medical Group also released data showing that the surgical procedures had increased over this period.
An official from Sainsbury’s Finance stated: “Although the majority of personal loans are taken out for the usual domestic reasons such as home improvements and buying cars, a significant number, even in today’s economic climate, are used to fund more unusual expenditure such as cosmetic surgery.”
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