Brits ‘Looking To Loans To Fund Cosmetic Surgery’

Brits ‘Looking To Loans To Fund Cosmetic Surgery’
Thousands of Britons are aiming to apply for a loan to help
pay for plastic surgery, new figures indicate.

In a study carried out by Abbey Loans, nearly one million
consumers are set to borrow to fund going under the knife.
According to the firm, some 918,000 adults are looking to
borrow through personal loans and other means to finance
cosmetic surgery procedures. Overall, breast augmentation
is the most popular operation sought by Britons, making up
just over a quarter (27 per cent) of all surgery. Tummy
tucks and rhinoplasties, better known as nose jobs, are
consumers’ second and third most popular choice of
operations - making up 25 and 17 per cent of adults’
surgical desires respectively.

In addition, the study showed that Britain is the most
desirable place to have cosmetic surgery done, as some 83
per cent of respondents wish to stay in the country.
Meanwhile, six per cent of consumers are looking to go
under the knife in eastern Europe, where procedures are
cheaper, with two per cent of people aiming to have work
done set to travel to the United States. According to the
financial services firm, these people may be travelling
across the Atlantic in a bid to take advantage of the
competitive currency exchange rates with the US dollar.

Further research from the financial services company also
showed that the majority (51 per cent) of those wanting to
modify their appearance do so in an attempt to boost their
level of confidence. Just under a third (32 per cent) of
respondents stated that such work is for medical purposes.
This compares to two per cent plumping for surgery after
being “egged on” by a loved one into having an
operation to change the way they look, while one per cent
will do so to stop a certain part of their body being made
fun of.

Overall, most people wanting cosmetic surgery are women, as
two-thirds of those desiring such procedures are female.
Meanwhile, three out of five operations are being planned
by people aged between 18 and 34.

Commenting on the research, Paul Morrish, head of Abbey
Loans, claimed that more people are looking to borrow
money, whether this be via a personal loan or other means,
to help fund cosmetic treatment. He said: “Whether
striving for visible perfection or as part of a medical
treatment, plastic surgery is getting more and more popular
amongst Britons.”

As a result, those contemplating borrowing money to help
pay for a surgical procedure, whether at home or abroad,
could be well advised to consider opting for a low-rate
personal loan. Speaking earlier this year, Ariane Buteux
claimed that taking steps to ensure that they have a
healthy credit rating could help consumers secure access to
cheap loans. Writing in the Money Pages, Ms Buteux stated
that applicants should get a copy of their credit history
and make sure that it gives an accurate indication of their
financial standing. She also asserted that when applying
for a loan prospective borrowers should be honest as being
economical with the truth may cause them to struggle to
successfully get credit in the future.

----------------------------------------------------
Abbi Rouse writes for All About Loans where visitors can
apply for a loan online and also focuses on bad credit
loans , and secured home loans for UK Homeowners. Visit
today http://www.allaboutloans.co.uk