As the age bracket for plastic surgery continues to get lower and lower, more teens are jumping into the latest cosmetic and plastic surgery trends - and turning to credit cards to pay for their procedure.
Teenagers and college students are part of a rising target market for plastic surgery, especially since many battle feelings of low self-esteem and are unhappy with their appearance. Teen surgery represents 5 percent of all cosmetic and plastic surgery procedures, according to the American Society of Plastic Surgery statistics for 2007, and some plastic surgeons believe that many benefit from the procedure because they can finally feel like they 'fit in.'
The Leader-Post recently published the story, "Teens Seek Plastic Surgery, Breast Jobs, to Fit In" and an interview with Dr. Frederick Lukash, a New York plastic surgeon who specializes in adolescent plastic surgery revealed the following:
"Sometimes, one hour for an operation and a few days to recover are better than a lifetime of psychoanalysis."
The Leader-Post further explains that "Lukash, who combines surgery with psychiatry and art therapy, says a nip and tuck may be the kindest cut for teens who unlike adults, are mostly looking to fit in rather than stand out." (Source: Leader-Post)
Since teenagers are too young to apply for cosmetic surgery financing or obtain a personal loan, credit cards are the next most obvious choice. Instead of worrying about funding a college education, paying rent and managing other financial responsibilities, are teenagers and college students setting themselves up for financial disaster?
Financial advisors seem to think so; many point out that even 'no interest' credit cards can incur fees when the introductory period is over, and the APR can shoot up within a few months. Popular cosmetic and plastic surgery procedures such as liposuction, breast augmentation and tummy tucks can cost upward of $5,000. Paying for the procedure with a personal credit card could mean paying a hefty price in interest charges - and carrying a large balance for years to come.