Credit score of 524 but would like to get cosmetic surgery?

Credit score of 524 but would like to get cosmetic surgery?

cosmetic surgery
Heedie asked:

I have a credit score of 524 =( I am hoping to get cosmetic surgery in January. I will be paying off half my debt in October… A school loan gone bad. I was wondering if anyone knows if my credit will be good enough to get approved for 2/3 of the loan in January?

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Posted in Qns & Ans on Mar 22nd, 2011, 3:09 am by plastic_surgery_world   

5 Responses

  1. golferwhoworks
    May 18th, 2010 | 11:49 am

    may be not as the paying off of one bill does not say to any lender your willingness to pay in the future. The I wants have you by the tail don’t they. Try saving up the cash for this surgery as it is cosmetic

  2. delmoki
    May 20th, 2010 | 10:41 pm

    It’s possible. There are creditors who specialize in lending to people with bad credit. Usually the interest rates will be very high, but it’s worth checking out if that’s what you want to do.
    is a great site to compare various loans and credit cards. You may find something that works for you.

    HTH!

  3. bdancer222
    May 22nd, 2010 | 10:36 am

    Paying off a derogatory item will not improve your credit score. The damage is already done and it will take the balance of the 7 year reporting period for that item to age off your credit file.

    Paid old debt does look better than unpaid old debt.

    I don’t know exactly what kind of cosmetic surgery you want, but I assume it is elective. Instead of going into debt, try saving up til you can pay for this elective surgery. Even if you can find a loan, which will not be easy in the current financial environment, the interest rate will be outrageous.

  4. ibu guru
    May 25th, 2010 | 11:16 am

    Your credit record is abysmal. And you are only going to pay off 1/2 of the arrears next month? You cannot afford cosmetic surgery. First, pay your debts, then save up for what you need and want for your future. And no, with that credit record, you could not borrow that much when lending was loose.

    Today lending is very tight, and you couldn’t borrow that much for something so frivolous (to a banker!) if you had a credit score of 700. You aren’t borrowing diddly without good credit, and good income, and good collateral these days. You strike out on all three counts here.

  5. George A
    May 28th, 2010 | 8:49 am

    7 Tips To Increase Your Credit Score

    Having a high credit score can mean the difference of thousands of dollars of saved interest expense compared to others with a lower score. For example, if you improve credit score results from the credit bureaus, just a few points that increase your credit score can make huge difference in the interest rate you will pay for a home purchase. It pays to increase your credit score!

    The most commonly used credit scores available to lenders are FICO scores, which is a scoring method created by Fair, Isaac

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