The companies that specialize in bundling up “buy now, pay later” debt for health care needs are making a killing on bundling up the debt from people undergoing cosmetic surgeries and selling it to investors. Cherry Technologies wanted to package up $250 million worth of loans for cosmetic procedures into a bond, and got so much interest that eventually they upped it to a $400 million bundle of tummy tucks and botox. Overall, liposuctions and buccal fat removals were up 7 percent in 2023 and Botox was up 9 percent, so it’s an appealing growth business where often affluent customers are looking to pay off a higher up-front cost over a few months. Prices are also going up: A breast augmentation costs 13 percent more in 2023 than it did in 2022, a Brazilian butt lift costs 19 percent more, and a facelift is 22 percent more expensive, averaging $11,395.
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