would you take out a home equity loan for cosmetic surgery?
Tags:credit card, equity line of credit, home equity line, home equity line of credit, implants,
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I wish implants as well as we do not wish to wait for for them any longer. we do not wish to get the credit label or anything since we have dual we am perplexing to compensate off. Would it be ridiculous to take the home equity line of credit?
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Sorry, but putting that sort of debt against your house is not a good idea.
It sounds to me like you can’t afford that new set of boobs. Once you pay off your debts, start saving up your money and when you have enough cash, then get the boob job.
The whole attitude of "I want them and I don’t want to wait for them any longer" is the mentality that has caused so many people in this country to be in such a financial mess. Being financial responsible and living within your means without a mess of debt will make you feel better about yourself than any set of bigger boobs will.
Yes, it is foolish. In today’s economy, if you can’t pay cash for it, you probably really don’t need it. What happens if you take out the home equity loan and them something catastrophic happens to you or your family? You’ll have no equity to borrow from to help get you through the rough spot. Be an adult and think about what is really important.
NO, I would not because, YES, it would be foolish.
1. Your Goals: you are trying to pay off your credit cards, which is an admirable goal, but a new loan, of any kind, would add another payment to your budget and hurt your first goal.
2. Your Net Financial Worth: you should only go into debt for something that will increase your overall net financial worth such as a home or other investment. Cosmetic Surgery does not meet that criteria as well.
3. Your Money: The payments would be spread out over the term of the loan and you end up paying more in interest than you need to. Save up your money to pay for something like this and you will earn interest instead of paying interest.
There are artificial pieces you can buy to insert in your bra if you really want to look bigger, without them leaking, tearing or causing back pain. Try a push up or padded bra.
I would not spend any more money if you are trying to get caught up on credit cards already. In this economy who knows when or if things will improve foreseeably. Ppl all over in many different lines of work are getting laid off constantly still. Just b/c the news doesn’t focus on that it doesn’t mean this is not a struggling time for all still. I would not go and get those at this time especially. To be honest, anyone that does is not increasing their bra size, they are just increasing debt and they are just going to look like a big boob in another way. Trying to be helpful to put it in perspective, is it wise to be bigger on top falsely to just be smaller in income on what you will owe then? You pay interest with a home equity loan, you RISK losing your house if you fall behind or in default of that repayment ever in the process, they typically do not want to give you a home equity loan if that total you are paying in debt now is above 40% of what you are earning each month to start with.
I was told that last part when I inquired of a home equity loan to get caught up on some expenses (like most ppl, not for cosmetic stuff) and the agent told me that when I checked with a credit union for this.
You can get bigger boobs when the economy improves, your credit debt is repaid or very low, your income increases first. Think about it.
Yes, it would absolutely be foolish to go further into debt to get something that is purely cosmetic.
Foolish would be an understatement.
There are a lot of benefits when you have a home equity. First of all, it increases the value of your home. Moreover, you can make use of it so you will be able to improve your credit rating should you decide to apply for a home equity loan.nBut do you exactly know how to make good use of your loan? Just to help you out, here are 4 tips for you. Be careful when you’re applying for a home equity loan If you’re familiar with standard bank loans, then you will know how this works.