If you consider that braces are something you’ll have on your teeth for a season (learn more about treatment times for adults) but the effects will last a lifetime then taking out a loan for them might be a good idea. But have you considered that a loan like this is for something that is more cosmetic than an emergency? This consideration might help you to better make the proper decision when deciding when you should get your orthodontic treatment. Here are some considerations that should help you decide whether or not to go in debt for your braces. We caught up with a top orthodontist in Chicago to get the low-down on how people might pay for their braces and the longer-term life changes that occur in the careers of people who are more confident after having braces.
Orthodontists Don’t Charge 100% Up Front
When you go in for your new brackets, you’ll be given options by most orthodontic offices. Here in Southern California, the majority of orthodontists that we’re aware of don’t charge the entire fee of $4,000 to $6,500 up front, so you are able to make monthly payments during your treatment, whatever the cost. That being said, you may end up paying $400 per month directly to your doctor for 18 months or so. This isn’t a bad option if you can afford that out of your budget for the treatment time. Taking out a loan will give you the option to pay much less monthly, probably around $99, but you will pay for several years after your braces are removed. You’ll also be paying interest on that loan for the duration.
Orthodontic treatments may increase your earning potential
If you feel like you’d be more confident with a great smile, then you just may be making more money after your treatment. If you’re making more money because you’re more confident, then you can pay your loan off quicker. This would be a good scenario for anyone who really feels set back because of an embarrassing smile. When this is the case, it’s time for you to consider treatments. Especially if you are doing so for your child who needs braces. That kid might be suffering ridicule at school, which will possibly continue during the treatment time but will subside after the braces are removed. So consider the long and short term financial consequences of getting braces. You’ll be glad you did or wish you would have!