What are the dangers of wrapping a rubber band around a keloid?
Doctor Answers 3
Plato's Scar Serum and surgical scar excision
I would suggest Plato's Scar Serum, IIT, and surgical scar revision as the primary treatment.
It is doubtful that a rubber band could remove a keloid. If it did, I would bet recurrence or even a worse keloid could result. Best to save your money or find a surgeon who is willing to do the procedure for a lower cost.
Thanks for posting this question. Rubber bands are not in the traditional list of keloid treatments. It would be helpful if you could post a photo of the keloid. Best of luck.