Brits ‘Looking To Loans To Fund Cosmetic Surgery’

Thousands of Britons are aiming to apply for a loan toper cent plumping for surgery after being
help pay for plastic surgery, new figures indicate.“egged on” by a loved one into having
In a study carried out by Abbey Loans, nearly onean operation to change the way they look, while one
million consumers are set to borrow to fund goingper cent will do so to stop a certain part of their body
under the knife. According to the firm, some 918,000being made fun of.
adults are looking to borrow through personal loansOverall, most people wanting cosmetic surgery are
and other means to finance cosmetic surgerywomen, as two-thirds of those desiring such
procedures. Overall, breast augmentation is the mostprocedures are female. Meanwhile, three out of five
popular operation sought by Britons, making up justoperations are being planned by people aged between
over a quarter (27 per cent) of all surgery. Tummy18 and 34.
tucks and rhinoplasties, better known as nose jobs, areCommenting on the research, Paul Morrish, head of
consumers’ second and third most popularAbbey Loans, claimed that more people are looking to
choice of operations - making up 25 and 17 per centborrow money, whether this be via a personal loan or
of adults’ surgical desires respectively.other means, to help fund cosmetic treatment. He said:
In addition, the study showed that Britain is the most“Whether striving for visible perfection or as
desirable place to have cosmetic surgery done, aspart of a medical treatment, plastic surgery is getting
some 83 per cent of respondents wish to stay in themore and more popular amongst Britons.”
country. Meanwhile, six per cent of consumers areAs a result, those contemplating borrowing money to
looking to go under the knife in eastern Europe, wherehelp pay for a surgical procedure, whether at home or
procedures are cheaper, with two per cent of peopleabroad, could be well advised to consider opting for a
aiming to have work done set to travel to the Unitedlow-rate personal loan. Speaking earlier this year,
States. According to the financial services firm, theseAriane Buteux claimed that taking steps to ensure that
people may be travelling across the Atlantic in a bid tothey have a healthy credit rating could help consumers
take advantage of the competitive currency exchangesecure access to cheap loans. Writing in the Money
rates with the US dollar.Pages, Ms Buteux stated that applicants should get a
Further research from the financial services companycopy of their credit history and make sure that it gives
also showed that the majority (51 per cent) of thosean accurate indication of their financial standing. She
wanting to modify their appearance do so in analso asserted that when applying for a loan
attempt to boost their level of confidence. Just under aprospective borrowers should be honest as being
third (32 per cent) of respondents stated that sucheconomical with the truth may cause them to struggle
work is for medical purposes. This compares to twoto successfully get credit in the future.