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Thread: Financing a BA to Build Credit

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    God/dess Sophia_Starina's Avatar
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    Lightbulb Financing a BA to Build Credit

    I was looking to get some work done on my boobies.

    As a recent college grad, I don't have much credit history (I got my first credit card a few weeks ago).

    I was wondering if taking out a loan from Capital One to fund my augmentation would be wise to build some credit history.

    Any thoughts?
    Quote Originally Posted by Jay12 View Post
    ^What Sophia said.
    Quote Originally Posted by yoda57us View Post
    I wish there was an "auto-like" setting that I could just have applied to all of your posts Sophia....

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    Default Re: Financing a BA to Build Credit

    I've noticed after 3 years of credit history lenders are much more easy on you. Don't bother applying for Cap. One they won't approve someone unless they have a good history of credit with on time payments and a credit score of 690 or above. Remember that if you do get approved that you can pay interest rates of up to 23.99%

    $6000 boobies + 23.99% = $1439.40 EXTRA in just one month of finance charge fees alone.

    Don't be afraid to call the company and ask them what their minimum requirements are before applying. Don't need any extra inquiries on your credit than needed.
    you live like an ivy vine
    you can only survive by clinging onto trees
    that's your flaw
    put down some roots so you can stand on your own
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  3. #3
    AudreyLeigh
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    Default Re: Financing a BA to Build Credit

    Theres CareCredit.com also. I used it on my teeth but its for medical, dental, cosmetic, whatever. Interest rate is 0% up to 24/36 months (dont remember) and their rates are really good.

    I agree not to go with Cap 1.

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    God/dess Sophia_Starina's Avatar
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    Default Re: Financing a BA to Build Credit

    Oh cool, I'll look into CareCredit.

    I was wondering if financing the surgery would be a good idea, like killing 2 birds with one stone. Or should I just write out a check?
    Quote Originally Posted by Jay12 View Post
    ^What Sophia said.
    Quote Originally Posted by yoda57us View Post
    I wish there was an "auto-like" setting that I could just have applied to all of your posts Sophia....

  5. #5
    AudreyLeigh
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    Default Re: Financing a BA to Build Credit

    If you can get care credit at 0% it would be a good way to build credit - thats if you get qualified for enough. I only got 2500 but still. Charge part - 0% interest and build credit... pay the other part cash.

    If its a high finance rate just pay cash.

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    Default Re: Financing a BA to Build Credit

    I'ev also heard good things about care credit. Pay cash always for PS if you can. Its not like a credit card where you can pay the minimum or pay alot more. Its a set amount payment each month and if you default that kills your already non-existent credit score. I paid cash for my boobies. Most PS offices offer a cash discount.

    Your better off sticking with your car loan if you have one and a credit card. Charge gas or groceries on it and pay it off each month. Long history of good payments makes your score go higher.
    you live like an ivy vine
    you can only survive by clinging onto trees
    that's your flaw
    put down some roots so you can stand on your own
    -Kenpachi



  7. #7
    Banned Melonie's Avatar
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    Default Re: Financing a BA to Build Credit

    ^^^ hey look at the bright side ... if you do wind up going bankrupt with an outstanding breast augmentation loan, the bankrutpcy court is going to have a hell of a time trying to 'repossess' them !

  8. #8
    AudreyLeigh
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    Default Re: Financing a BA to Build Credit

    Quote Originally Posted by TigersMilk View Post
    I'ev also heard good things about care credit. Pay cash always for PS if you can. Its not like a credit card where you can pay the minimum or pay alot more. Its a set amount payment each month and if you default that kills your already non-existent credit score. I paid cash for my boobies. Most PS offices offer a cash discount.

    Your better off sticking with your car loan if you have one and a credit card. Charge gas or groceries on it and pay it off each month. Long history of good payments makes your score go higher.
    Yea but if she does have say the $6000 for the aug and gets $3000 0% interest fo 24 months thru Care Credit she could

    Pay cash for the difference and put the other $3000 into a seperate account and have CC set up on EFT. That way she has the money, builds credit and doesnt default....

    But honestly, if you cant get the 0% just pay cash....

  9. #9
    AlexxaHex
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    Default Re: Financing a BA to Build Credit

    ^^*snicker*

    edit: to Mel's reply.

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    God/dess Sophia_Starina's Avatar
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    Default Re: Financing a BA to Build Credit

    Quote Originally Posted by AudreyLeigh View Post

    Pay cash for the difference and put the other $3000 into a seperate account and have CC set up on EFT. That way she has the money, builds credit and doesnt default....

    But honestly, if you cant get the 0% just pay cash....
    EFT? Whats that?

    My Dr. told me to write a check. Do you think there are Dr's who take cold, hard cash?
    Quote Originally Posted by Jay12 View Post
    ^What Sophia said.
    Quote Originally Posted by yoda57us View Post
    I wish there was an "auto-like" setting that I could just have applied to all of your posts Sophia....

  11. #11
    AudreyLeigh
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    Default Re: Financing a BA to Build Credit

    EFT - automatic withdawl

    Money Orders work - make sure you get a receipt with payment because its hard as a bitch to track those things when someone claims not to have gotten them

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    God/dess Sophia_Starina's Avatar
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    Default Re: Financing a BA to Build Credit

    Quote Originally Posted by AudreyLeigh View Post
    EFT - automatic withdawl

    Money Orders work - make sure you get a receipt with payment because its hard as a bitch to track those things when someone claims not to have gotten them

    Ah! Pure wisdom. <3
    Quote Originally Posted by Jay12 View Post
    ^What Sophia said.
    Quote Originally Posted by yoda57us View Post
    I wish there was an "auto-like" setting that I could just have applied to all of your posts Sophia....

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    Default Re: Financing a BA to Build Credit

    Quote Originally Posted by Sophia_Starina View Post
    I was looking to get some work done on my boobies.

    As a recent college grad, I don't have much credit history (I got my first credit card a few weeks ago).

    I was wondering if taking out a loan from Capital One to fund my augmentation would be wise to build some credit history.

    Any thoughts?
    Yes, some......

    1) Pay cash for BA, religiously make on time payments for CC#1- When I bought my 1st condo, My only "credit history" was 1 credit card, and 1 prior car loan (plus usual rent, utilities, checkbook "stuff"). No problem getting loan.

    2) If unable cash, consider anything other than C1. Like $6K more car loan. Or $3k more car loan, $3k more cash, or other combo adding up to $6k. Assuming 3-5 yr payoff schedule, guessing diff. b/t C1 and car loan rates could be $2-$4K. Wouldn't that be nice to have for future downpayment(or not having to work xtra shifts?)

    3) Ditto Melonies' thoughts on "repo"

    4) Would love to see some before, and after pics posted.

    5) Best wishes.

  14. #14
    Veteran Member Jeanette's Avatar
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    Default Re: Financing a BA to Build Credit

    If you can get approved for carecredit it will most likely really help your credit rating. I was approved for $5000 interest free for the first 12 months for laser hair removal, and just finished paying it off right before it was due. Just make your monthly payments and you'll be on your way to building great credit. Direct deposit out of your bank account is a great idea to make sure you never miss a payment.

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    Senior Member NikkiWest's Avatar
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    Default Re: Financing a BA to Build Credit

    Just a word of caution about carecredit. I used them for lasik eye surgery. They do offer 0% interest for people with even poor or no credit for up to various lengths depending on what you are approved for, but they are into making a profit like all companies. The way it works is that if you are responsible and make your payments on time every month and have it all paid off by your end term date (18 months away etc), then you don't owe any additional money. However, if you are late even once they sky rocket your interest (up to 28% on some accounts). Each month they calculate the interest you would owe if you were late one time, and once you are late they add that to your premium.

    Also, although this may be obvious I'll say it anyway... since you have a final due date before they increase your interest rate, you will need to figure out yourself how much you need to pay a month in order to pay it off in time. For example, my account has a minimum payment of $15 but I give $100 a month.

    So, it's great to build credit but you must be extra diligent.

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    Featured Member Vamp's Avatar
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    Default Re: Financing a BA to Build Credit

    Quote Originally Posted by TigersMilk View Post
    I've noticed after 3 years of credit history lenders are much more easy on you. Don't bother applying for Cap. One they won't approve someone unless they have a good history of credit with on time payments and a credit score of 690 or above. Remember that if you do get approved that you can pay interest rates of up to 23.99%

    $6000 boobies + 23.99% = $1439.40 EXTRA in just one month of finance charge fees alone.

    Don't be afraid to call the company and ask them what their minimum requirements are before applying. Don't need any extra inquiries on your credit than needed.
    With the numbers that you used $1439.40 is the amount of interest paid for one year.
    The interest rate quoted to you by a credit card company is an APR, Annual Percentage Rate.
    Nature knows no indecencies; man invents them. ~ Mark Twain


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    Featured Member Vamp's Avatar
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    Default Re: Financing a BA to Build Credit

    The best way to establish credit is with a small credit card. It doesn't matter what kind of credit card. Pay it off every month and you wont have to worry about the interest rate.

    A loan helps build credit yes. But one of the key factors in one's credit score is long standing credit. By taking out a loan you are just paying extra fees and interest for nothing if you can afford to pay for it out right.

    By getting a credit card paying it off every month, you wont be paying anything extra, and still establishing a credit history.
    Nature knows no indecencies; man invents them. ~ Mark Twain


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    God/dess Sophia_Starina's Avatar
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    Default Re: Financing a BA to Build Credit

    Let's say I get a loan for 18 months. If I pay it back in 12 months will I be penalized?
    Quote Originally Posted by Jay12 View Post
    ^What Sophia said.
    Quote Originally Posted by yoda57us View Post
    I wish there was an "auto-like" setting that I could just have applied to all of your posts Sophia....

  19. #19
    AudreyLeigh
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    Default Re: Financing a BA to Build Credit

    ^^ depends on the company. read the fine print!

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    Veteran Member BabyGirlKylie's Avatar
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    Default Re: Financing a BA to Build Credit

    Quote Originally Posted by Sophia_Starina View Post
    Let's say I get a loan for 18 months. If I pay it back in 12 months will I be penalized?
    Quote Originally Posted by AudreyLeigh View Post
    ^^ depends on the company. read the fine print!
    Quote Originally Posted by TigersMilk View Post

    $6000 boobies + 23.99% = $1439.40 EXTRA in just one month of finance charge fees alone. .

    Making sure you can pay it off early without penalty is SO important. Otherwise there is no point in paying all that extra intrest. If your goal is to raise your credit score to save some $$ on future intrest rates (house, car, etc.) what's the point if you spend extra money now?

    I took out a loan to pay for my BA, i could have paid for it flat out but I was playing it safe. I was worried about being off work longer than expected. I paid it off early and MUCH quicker then I thought possible. I would do it that way again in a heartbeat.

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    God/dess Sophia_Starina's Avatar
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    Default Re: Financing a BA to Build Credit

    Quote Originally Posted by BabyGirlKylie View Post
    Making sure you can pay it off early without penalty is SO important. Otherwise there is no point in paying all that extra intrest. If your goal is to raise your credit score to save some $$ on future intrest rates (house, car, etc.) what's the point if you spend extra money now?

    I took out a loan to pay for my BA, i could have paid for it flat out but I was playing it safe. I was worried about being off work longer than expected. I paid it off early and MUCH quicker then I thought possible. I would do it that way again in a heartbeat.
    Oh wow, that is really helpful. Did you use carecredit?
    Quote Originally Posted by Jay12 View Post
    ^What Sophia said.
    Quote Originally Posted by yoda57us View Post
    I wish there was an "auto-like" setting that I could just have applied to all of your posts Sophia....

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    Veteran Member BabyGirlKylie's Avatar
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    Default Re: Financing a BA to Build Credit

    Quote Originally Posted by Sophia_Starina View Post
    Oh wow, that is really helpful. Did you use carecredit?
    No, I went through Capital One. I got a pretty decent rate even with average credit (however, my coworker who had little credit was approved at over 20% intrest. OUCH). They worked with my doctor's office so applying and everything was super easy.
    I've heard good things about CareOne though, esp. that after you pay off the loan, you don't need to re-apply for credit for additional procedures (including denistry, lasik, and even vet care for your pets.) Hmmm.

  23. #23
    AudreyLeigh
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    Default Re: Financing a BA to Build Credit

    ^^ Yup. I forgot about that. Its a credit line - a revolving credit line and it shows on your CR but you can set it up with an installment plan.

    I like it because you can build history with it. Its not like taking out a personal installment loan that when its paid off its done.

    This way you ALWAYS have that credit available - so when my $2500 is paid off I still have a $2500 credit line I can get more work done with...you can use it to pay your healthcare co-pays, dental stuff or get some botox

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    Veteran Member hikaru's Avatar
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    Default Re: Financing a BA to Build Credit

    I am confuse with this credit thing since I am new here in the USA, but I've done my Tummy Tuck using my credit card, though I paid it full before the due date.

  25. #25
    AudreyLeigh
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    Default Re: Financing a BA to Build Credit

    CareCredit.com - its not a credit card. Its not a credit card like it has no Visa/Mastercard.

    You can only use it with places that have accounts with CareCredit. But it is a revolving credit line... it is kinda confusing...

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