Welcome, visitor! [ Register | Loginrss

4 Things You Need to Know About Wedding Loans


Like most life’s ironies you are most likely to meet with the one person you care about and want to spend the rest of your life with in the most unexpected manner. It can be the best thing that’s happened to you and you start to prepare for the journey down the aisle with this wonderful person. You’d want to share this special moment with all your near and dear ones and try and make this occasion the most perfect event of your life. There are nearly 2.3 million wedding ceremonies that are performed in a year and though the event can be commonplace enough, it is not so for you. For you it is the most important day of your life!

Wedding Loan an Ideal Solution to your Problem:

Now that you know who you will get married to maybe your next thought will be on how to celebrate this grand occasion. That your mind dwells on the subject of finance is understandable. If you are not in a position to have your dream wedding at your present financial state, consider taking a wedding loan for the event. With average cost of wedding peaking at nearly £20,000 it is obvious most people have to resort to taking loans to pay for their wedding expenses. There are online options for taking wedding loans. However, a word of caution is not remiss at this juncture. Due to the ease of availing an online wedding loan, most people end up taking more money than they actually require. So be careful and keep a strict eye on what your actual requirement is before you avail of a wedding loan.

Choose the Lender with Care:

Bearing all the expenditure for the wedding is no longer the sole concern of the bride’s father. The cost is usually divided between the groom’s and bride’s families. So if you have to take a loan for your wedding keep a clear vision of what you want and how much you need to spend for it. If you want to avail of the loan facility online take your time in finding the right site. Do not fall prey to high interest rates and use a loan calculator to work out the logistics of how much you have to pay. Do some research and find a lender who will give you a good deal and that will a fair value.

Annual Percentage Rate of Interest:

Check the Annual Percentage rate or APR before you avail of the loan. The amount you’ll pay back will depend on the rate of interest the lender charges. So do a comparative market search and select one that has a reasonable APR.

First get yourself a credit check and then apply for a wedding loan. Credit scores can have a great bearing on your loan. Agencies like Experian, Equifax and Trans union will guide you on how to improve your credit score so that you have to pay less interest. You may need to provide collateral in order to get a lower rate of interest. Unsecured loans can invite higher interest rates than ones in which collateral has been provided.

Consult your Partner Before you Avail a Wedding Loan:

It is best to have an open discussion about finances with your betrothed. You may not want ugly scenes and fights over money post marriage. Get your partner’s views on wedding loans and work out a plan on how you will accommodate for monthly installments in your budget. Decide on a course of action on how to pay off your wedding debts and start your marital life on a well planned and reasonable footing.

Simon Johnnon is the director of content for Executive Gift Shoppe. They feature a large selection of men’s Groomsmen Gifts, like money clips, cufflinks or Engraved Flasks .

Related posts:

  1. Will You Consider Wedding Loans? You should be now very busy planning for your wedding. In fact, you will need to think about the budget before you plan for other items of your wedding. It will be just next to impossible for you to plan for you perfect wedding if you do not fix your budget first. As a matter […]…
  2. Wedding Loans- What’s it About? Weddings are probably the most important event in a person’s life. When we attend weddings of our friends and family we automatically visualize how our own wedding will be like. The obvious image in our head is that of perfection in every aspect of the occasion starting from the venue, the food, the outfit and […]…
  3. What to Consider When Getting a Wedding Loan When you are planning to have a really special wedding, it will probably mean that you will need to spend quite a large amount of money. An average wedding can cost you up to $40,000. As a result, you will need to save some money so that you will have enough resources for your event. […]…
  4. Refinance Home Loan – 3 Tips to Help You Avoid … There are so many different factors involved in the refinance home loan process that you might end up really getting lost. Here are helpful tips. The refinance home loan process can be so confusing if you have absolutely no idea about what is involved in this process. There are 3 things that you can do […]…
  5. How Do I Save My Marriage From Debt? In everything, money is always considered. People always find ways on how to save themselves from becoming bankrupt. However, this is easier if you are alone. What if you get married and then find yourself waking up in the morning asking, “How do I save my marriage due to debt?”, only you can answer this […]…
  6. Your Wedding Budget: How Do You Plan For It? When you decide to get marry, you will need to start planning for your wedding. Of course there are a lot of details you have to take care of. However, you need to decide on the budget before you make decisions on other items. In fact, you need to make your wedding an affordable one. […]…
  7. Planning Your Wedding Budget in a Wise Way The first issue you need to consider when you are planning for your wedding is your budget. Without a budget it will not be possible for you to make decisions. As a matter of fact, you will need to think about this issue as soon as you have decided to get married. You will need […]…
  8. Six Money Traps Newlyweds Fall Into Everyone marries with thoughts of buoyancy, love, and increased wealth for the future, but many couples never see those dreams become a reality mainly because of the first money decisions they made as newlyweds, which can turn their paradise into a dark nightmare. The biggest mistake a couple can make is to bring into their […]…
  9. A Wedding on a Tight Budget – How Do You Plan For It A piece of truth you probably know is that a wedding can be something very expensive. However, there are some couples who will have a small budget. To this end, brides and grooms will need to find ways to save money on the event. You may think that it is quite impossible for you to […]…
  10. Planning Your Wedding on a Budget Getting engaged is a wonderful and exciting time in a couple’s life. However, it can also be a very expensive time. You want the very best, but if you are on a tight budget, it can be really stressful planning a dream wedding that you can afford. Fortunately, there are many simple things you can […]…

297 total views, 1 so far today

  


Listed: August 20, 2011 12:03 am