Part two

Over the past five years there has been a big increase in the amount of wedding loans available, from unsecured to secured, from five to thirty thousand pounds it is allowing couples to have that once in a lifetime day with all of the frills and thrills available. If you do decide that you want to take out a wedding loan, you will be most likely tempted to go a little crazy, and buy that ice sculpture and spend a little extra on wedding favours for each and every guest.

Thankfully this will not be so much of a problem because you will now be able to pay everything off direct to the companies supplying these special treats, and pay the bank in monthly instalments instead!

The banks that are lending these loans offer them in both secured and unsecured formats. This is helpful if you already have your own home so you can take advantage of the secured loan rates, but if you are starting your life together from scratch you are still able to take advantage of an unsecured loan for your wedding plans.

If you are concerned that you will not be able to get one of these wonderful little creations you most likely don’t have to worry because, due to the specific circumstances, you won’t be refused if you have bad credit, such as CCJ’s or arrears. This is brilliant news for recently graduated students who unfortunately suffer from bad credit during their time in university.

It is said by loans suppliers that currently 20% of couples are choosing to pay their wedding fully via loan. This is likely down to the variety of things you can use the money to pay for. Anything ranging from the hire of clothes, the wedding dress, the food and reception to the drinks, photographer and hair and make up can be put onto the loan. The suppliers are also happy for you to purchase your entire honeymoon with the loan, so there really is little you can’t use the loan to your advantage for.

Resource: Many loans companies have tailored wedding loans available to couples within the budget they require. Both unsecured loans and secured loans are available to couples from a range of providers.