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[theshortman11]

I'm 30 now, I dont have much time left. I think it's the right thing to do to take out a loan to fund this. I have very good credit never been in debt so I think it will pass.

[theshortman11]

Yeah I maxed out my cards and never paid them back, partially to fund this.

As you'll expect, my credit score is nuked, but I'm taller. No regrets.

Total cost and end height? Where did you get it done? My logic is the height will pay for itself, you'll get more jobs dates etc

[Maison]

In the article  https://www.gq.com/story/leg-lengthening
it's stated that 'Personal financing is available through SoFi, the online bank. John took out a loan for his femurs—$1,200 a month for the next five years.'
This shows that patients in US can take out loans for LL surgery.

However, there's the possibility that complications from LL surgery might prevent patient from working for several years, and many loan companies might be reluctant to lend money for this surgery.

[theshortman11]

$50k, 180cm.

I'm sure it will pay for itself since it wasn't me that was paying, it was the bank!

Consequences are well, I can't get a mortgage until the statute of limitations on debt expires in 7 years or so and it falls off my record. Wasn't planning on getting one anyway so it was a free hit really.

What country did you get this done? I'm looking into PRECICE 2 in Korea which will be around 90k. Did you do LON?

[1team]

$50k, 180cm.

I'm sure it will pay for itself since it wasn't me that was paying, it was the bank!

Consequences are well, I can't get a mortgage until the statute of limitations on debt expires in 7 years or so and it falls off my record. Wasn't planning on getting one anyway so it was a free hit really.

How do you get around having your wages garnished? Do you not work for the next 7 years?

[GrowGrow123]

It really depends on the amount. I don't see any bank or financial institution lending you 90K without any assets to borrow against (like a house or a 401K portfolio).

Maxing out a bunch of credit cards works as long as you don't have any assets to lose. Declaring bankruptcy clears your debt, but they'll go after any assets you have before doing so. Nukes your credit score for a while, but probably doesn't matter as long as you weren't planning on making a big purchase like a new car anytime soon.

[jerrytheman]

It really depends on the amount. I don't see any bank or financial institution lending you 90K without any assets to borrow against (like a house or a 401K portfolio).

They do, I borrowed over 300k to pay taxes in 2022 and they didnt take anything as collateral. But their interest was insane, like 16% APY when the fed rate was still super low and you can secure loans at 3%. I'm pretty sure sofi is at like 25+% for a loan that big now.

And you can say you'll just default and wont pay back. But they arent dumb, they wont give such a big loan unless you have a stable high paying job to back it up and good credit. So it's not like some random person can grab $100k and just go bankrupt to start over.

[theshortman11]

They do, I borrowed over 300k to pay taxes in 2022 and they didnt take anything as collateral. But their interest was insane, like 16% APY when the fed rate was still super low and you can secure loans at 3%. I'm pretty sure sofi is at like 25+% for a loan that big now.

And you can say you'll just default and wont pay back. But they arent dumb, they wont give such a big loan unless you have a stable high paying job to back it up and good credit. So it's not like some random person can grab $100k and just go bankrupt to start over.

300k in taxes are you a multimillionaire??

[jerrytheman]

300k in taxes are you a multimillionaire??

I paid a lot more than 300k, I just took out a 300k loan. And yes, is pretty common in the bay area (in tech).
But also 2021 was just an exceptional year for stocks, I dont typically pay THAT much taxes.

[DanishViking]

I personally don't see it be worth taking a loan for. Just save as much as you can of what you earn, and then do the precice nail on femurs for most bang for your buck with dr Giotikas or Afa. That's will save you like 25000 dollars without any big downside.

[OzzTaller]

I'm thinking about taking out a loan but if I do then it won't account more than 30% of the estimated cost of surgery. Anyway I will be unlikely go to Dr. Paley so I hope I don't need to borrow that much.

[lessthanavg8300]

In theory you can stiff a creditor and have it off your record in 7 years but... your life is now on hold for 7 years minimum.  You're not buying a home to start a family, even renting is going to be a bitch.  Youre going to be on mommy and daddy's titty into your 30's.  No business loans.  And when it rolls off your credit you still dont have credit established because you dont have a credit card.  So its going to be many years past the 7 before you have a normal persons standing.

Also if something goes wrong with your surgery youre out of luck.  And also you need to get the nails out and that costs money.  Some jobs check credit but not many.  But if you work in the financial sector its a risk to have sh!t credit.  So those are the risks.

[Beemer m3]

I've maxed out my credit card they gave me 7% apr. So about 5k on stuff I need while I have the surgery done. Check with a few credit card companies that can give u good rates. But not sure about 90k though.

[shanese35]

Taking loans out is hard financially, if your able to pay out of pocket is best no interest rates.

[1team]

In theory you can stiff a creditor and have it off your record in 7 years but... your life is now on hold for 7 years minimum.  You're not buying a home to start a family, even renting is going to be a bitch.  Youre going to be on mommy and daddy's titty into your 30's.  No business loans.  And when it rolls off your credit you still dont have credit established because you dont have a credit card.  So its going to be many years past the 7 before you have a normal persons standing.

Also if something goes wrong with your surgery youre out of luck.  And also you need to get the nails out and that costs money.  Some jobs check credit but not many.  But if you work in the financial sector its a risk to have sh!t credit.  So those are the risks.

The question I have with not paying back the loan is wouldn't you need to be living a poverty tier existence for those 7 years as in no assets otherwise creditors would take them to recover the debt?

[reaching_goals]

I took a loan out from lightstream (you could also do sofi) and borrowed money from family. Dm me if you want details. I agree tho 30 is a good time to do it. Its not too early nor too late.

[lessthanavg8300]

The question I have with not paying back the loan is wouldn't you need to be living a poverty tier existence for those 7 years as in no assets otherwise creditors would take them to recover the debt?

Correct.  When you file for bankruptcy the courts evaluate everything you have.  They take everything you have.  And only then are your debts extinguished.