Every newly wed couple does not want to start their marriage
life in unnecessary debt which could have been avoided in the first place.
However, unless careful planning is done, this exactly what could happen. For
instance, both parents could chip in and assist the couple in financing their
wedding, otherwise the marriage must be financed elsewhere, like taking a
unsecured loans for marriages from any financing organization.
When planning and buying the wedding implements, cost tend to shoot up beyond
the couple widest expectations. The budget they had planned fails to cater for
some items making them draw back into their pockets. For a wedding to be seen
successful, photographers, florists, stationary buying and hiring, foodstuffs
and wedding clothes must be taken into account.
Sharon Naylor a weeding cost estimator estimated that most wedding costs around
£20,000 and the figure goes on increase as more items are added before the
actual wedding ceremony could take place. This minimum price doesn’t incorporate
extras such as, rings, engagement celebrations, bridal showers, honeymoon
When going to the financier for loans for marriage, it is imperative to know
the couples credit scores, to ease the getting of the loan they requires. If
the borrower’s credit score is poor, then they should take steps to reverse it.
After the revision it is now time to search for good loan deal, only settle fro
a loan deal that promises you with cutting of your overall marriages costs. The
rates of interest plus other chargeable fees should be low to enable hassle
free repayment of the loan. For example, the FICO’s credit score varies from
300 851. a credit score of a figure like 750 is consider superb and any lender
won’t have problems giving out the loans for marriage required for the
particular wedding, and the vice versa is true.
To be able to arrive at the figure you really require sit down and make a
budget. After this approach your lender. Lenders who offer differ in rates from one to the other. Naturally, if a
borrower produces some sort of collateral, then the rates and other fees
reduces significantly. The amounts that can be availed differs fro a low of
£500 to a high of £30,000 and the amount is determined by the monthly income of
the applicant and their repayment capabilities. The repayment duration varies
from six short months to ten years. The couples have the option of paying up
the loan in a lump sum but at a cost.
Now that you have the contract in your hands, read it carefully to check for
contradicting information that will bring you problems later, make you
understands it, then put your sign on it and the money is all yours.
However, if there is another way off getting money to finance your marriage,
example from parents, friends, acquaintances, work colleagues etc ,go for it as
these will be kind enough not to ask for anything on top of what they advanced.
If there is no such an option, then go online and search for the best loan deal
from the numerous loan dealers who are all ready to offer you with an
interesting loan deal to take care of your marriage.
Tiffany Wills author of Wedding Loans, If you need any kind of information on , visit