Questions to Ask Before You Finance a Medspa or Wellness Treatment

Ask for a written quote that lists every treatment, product and fee. Ask whether the price is the same if you pay directly, by card or through a lender. Ask what happens to the plan if you stop treatment early or the treatment is changed.

Ask whether the clinic receives a fee from the lender and whether the price is higher when you finance. A clinic that is open about this is easier to trust.

Ask for the total you will repay, the length of the plan, the interest rate and when interest starts, all fees, whether interest is deferred, and what happens if you pay early or miss a payment.

Ask whether applying uses a soft or a hard credit check, and what is reported to the credit bureaus.

Pause if you are pushed to sign on the spot, if the monthly payment is quoted without the total, if a promotional end date is vague, or if you are told a card or plan is the only way to pay. A reputable clinic will give you time to read the terms and compare.

Pause too if the price is higher with financing and nobody explains why, or if you are asked to apply for a larger amount than the treatment costs.

Save the written quote, the financing terms, the date any promotion ends and the date of your treatment. If something changes, such as a course being shortened, ask in writing how the payments change too.

Can I afford the payment alongside everything else? Is there a lower-cost route, such as saving first or a clinic package? Do I need this treatment now, or can it wait until I can pay with less cost?

Write down the monthly payment, the number of payments and the total for each option, including paying directly. Use the calculator on this site to check the arithmetic. The cheapest total is not always the right choice, but you should know what the difference is.