Cosmetic Surgery Loans Australia News

Wed, 2 May 2007
Interest rates on hold: reprieve for homeowners
In a boon for the nation's mortgage belt, the Reserve Bank decided at its quarterly meeting on May 1 to leave the official cash rate unchanged at 6.25 per cent. The Reserve Bank's decision followed the publication of a much lower than expected March-quarter consumer price index, which showed inflation rose just 0.1 per cent for the quarter and 2.4 per cent for the year. This was well within the Reserve Bank’s target of 2-3 per cent. In a rare show of consensus, many economic forecasters are now predicting a further easing in inflation and most believe interest rates will stay on hold for the rest of 2007, particularly given the impending federal elections.

Tue, 06 November 2007
Borrowing for beauty
THEY say beauty comes at a price, but now you can pay for it in monthly instalments. The number of people opting for cosmetic surgery loans is on the rise, with companies deposit loans for anything from breast surgery to facelifts. The increase has prompted the Australian Society of Plastic Surgeons and Consumer Action warnings. The associations warn the loans promote debt in the name of vanity, and will encourage unnecessary surgery they can't afford. But loan companies argued they were a cheaper alternative to credit cards, offering interest 15 per cent. They said the average loan ranges between $8500 and $13,000, and the most popular surgeries augmentation and lifts, rhinoplasty, liposuction, Botox injections and dental work.

Source: The Daily Telegraph.

Tue, 06 November 2007
New breasts, noses and teeth: smile now, pay later
You can pay off your house, car or private school fees with credit, so why not braces for the kids, breast implants or a nose job, too?

The growing expenditure on medical treatments not covered by private health insurance or Medicare has opened the way for a new American-style credit scheme that allows patients to have surgery first and pay later.

But consumer and doctors groups have warned Australians they could be digging themselves deeper into debt for the sake of a perfect smile or bigger breasts.

GE Money's CareCredit scheme, which was launched last week, is aimed at the $14 billion Australian market in out-of-pocket expenditure on elective surgery

Source: Sydney Morning Herald

Tue, 06 November 2007
Cosmetic surgery loans on the rise
THEY say beauty comes at a price, but now you can pay for it in monthly installments.

The number of people opting for cosmetic surgery loans is on the rise, with companies spruiking "fast, easy" no-deposit loans for anything from boob jobs to facelifts.

The increase has prompted the Australian Society of Plastic Surgeons and Consumer Action Law Centre to issue warnings about the dangers, saying boobs aren't the only big thing women could end up with.

The associations warn the loans promote debt in the name of vanity, and will encourage young women to get unnecessary surgery they can't afford.

But loan companies argued they are a cheaper alternative to credit cards, offering interest rates between 10 and 15 per cent.

They said the average loan ranges between $8,500 and $13,000, and the most popular surgeries include breast augmentation and lifts, rhinoplasty, liposuction, botox injections and dental work.

Source: news.com.au

Thu, 30 October 2008
NIB quiet on $620m offer
THE health insurer NIB will come under pressure from shareholders at its annual meeting today to reveal the mystery bidder behind a potential $620 million offer for the company after the two biggest private health funds, Medibank Private and BUPA-MBF, ruled themselves out as likely suitors...



Tue, 11 November 2008
Act now in self-defence
IF THERE'S one thing the current upheaval in world financial markets has taught us, it's that defensive strategies aimed at protecting your wealth are just as important as aggressive strategies geared towards growing it...



Tue, 18 November 2008
Stocks sink to new 4-year low
Australian shares fell to a fresh four-year low after banking stocks tumbled and G20 leaders failed to come up with specific stimulus action after their weekend meeting in Washington...



Tue, 25 November 2008
Money matters still taboo for women: ANZ
The bank surveyed 1,200 women aged over 18 for its Women and Money Confidence Report 2008.

It said 98 per cent of those surveyed said money issues were not a common topic of conversation.

The research showed little had changed since last year's survey, ANZ said, which found women generally have low levels of confidence when making decisions about money and dealing with financial institutions.

Almost 60 per cent of respondents to the latest survey admitted they needed to do more to secure their financial security.

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