FINANCING YOUR FACE
Cosmetic Surgery Is No Longer Just For The Rich and Famous!
CINCINNATI, OHIO — It’s happened. “Plastic surgery has moved into the middle class”, says Dr. Jon E. Mendelsohn, Medical Director of the Advanced Cosmetic Surgery & Laser Center.
According to Mendelsohn, “A recent study by the American Society of Plastic Surgeons determined that almost 30% of the people considering plastic surgery had incomes of less than $30,000 per year. Another 41% had incomes between $31,000 and $60,000 per year. What used to be considered a luxury item for the very wealthy has moved into the middle class.” Mendelsohn suspects that reality TV shows such as ABC’s “Extreme Makeover” have added to its broad appeal.
How does a person with a household income of $31,000 afford cosmetic surgery?
”By financing it”, says Don Goldberg, President of M-Lend Financial, based in Beechwood, Ohio. Goldberg secures the financing for Dr. Mendelsohn’s patients, as well as hundreds of other surgeons across the country. Goldberg has seen a marked increase in the number of his clients who are financing plastic surgery in recent years, and says that breast augmentation, in particular is “on the rise,” with non-surgical skin care procedures coming in a close second.
According to Goldberg, the type and term of the loan largely depend upon the client’s credit history. “I can obviously secure lower interest rates for those with superior credit ratings,” says Goldberg. “Additionally, with good credit, the approval process can often be immediate, with funding secured within a week.” He added, “The terms of the loans vary, depending on which company I use, but 5 years is typically the longest.”
Says Dr. Mendelsohn, “In today’s society, consumers finance everything from their cars to furniture and appliances, without batting an eye.” He added, “And a new face, jawline, eyelids, or brow, will last much longer than a car or a couch! We have seen the number of patients financing their plastic surgery double between 2004-2007, paralleling the national trend.”
According to Mendelsohn no amount is too small or too large to finance, with clients financing anywhere from $1,000.00 for a series of Botox® injections to $8,500.00 and up for a single surgical procedure.
Dr. Jon E. Mendelsohn is double board certified by both the American Board of Facial & Reconstructive Surgery and also the American Board of Otolaryngology – Head & Neck Surgery. He serves as the medical director of Advanced Cosmetic Surgery & Laser Center’s new, state-of-the-art facility located in the Rookwood Tower in Hyde Park. For more information, call 513-351-FACE, or visit www.351face.com.