What wedding loan options are available?

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As we enter the wedding season unsecured loan specialists Everyday Loans looks at the financial impact planning your big day can have.

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The cost of weddings has increased in recent years, but for many their financial situation has not kept pace.

The average cost of a wedding is now at a staggering £21,939*. UK brides and grooms pull out all the stops to ensure that their big day is an affair to remember. As we enter the wedding season unsecured loan specialists Everyday Loans looks at the financial impact planning the big day can have.

From large expenses such as an opulent wedding reception and five-star honeymoon in a tropical location, to the smaller costs of wedding favours and suit hire, the bill for a lavish wedding can leave many couples’ finances in dire straits just a few days into what should be a period of worry-free, wedded bliss.

While the Bank and Mum and Dad are often called upon to help their offspring meet the costs of major life events - 53% of couples sharing the costs of their nuptials with their parents - those who are going it alone may want to consider their borrowing options.

Specialist loan providers like Everyday Loans offer a range of personal loans, including wedding loans, enabling those who are keen to walk down the aisle in an immaculate fashion, but may not have an immaculate credit history to match, to secure the funding they need to celebrate one of life’s major milestones in style.

Comments Andrew Wayland, head of marketing for Everyday Loans;

“The cost of weddings has increased in recent years, but for many their financial situation has not kept pace. We offer a range of loan options for major life events. At Everyday Loans we can genuinely offer a case-by-case approach to customers that are looking for loans for bad credit. This, in certain cases, means we can be more flexible deciding when, and how much, we lend – and in all cases making sure that the borrower can afford the repayments.

“A wedding loan can be approved in just a few simple steps, with a decision reached within minutes of couples completing a short application form, meaning that those who have opted for an impromptu ceremony or those who have been planning the wedding of their dreams for years, can have access to the cash they need.”

Unsecured loans at Everyday Loans are available up to £10,000, which can go a long way to meeting wedding expenses ranging from the wedding video (£693) and bridesmaids outfits (£317).

As with any form of borrowing it is advisable to budget before taking out such a loan, to ensure that those who have taken out such a loan are able to meet repayments, and these must be repaid quickly.

Notes to Editors

*http://www.dailymail.co.uk/news/article-2300209/What-economic-crisis-Wedding-rises-22-000-bank-mum-dad-foots-bill.html

About Everyday Loans Limited: Everyday Loans Limited was established in 2006. It's the name behind a straightforward way for individuals to borrow money in the UK. We're an independent lender owned by the Secure Trust Bank. We're not just another call centre. We finalise loans for new customers with an appointment, arranged locally, face-to-face.

Everyday Loans is committed to professional, responsible lending. After verifying income and outgoings, we will do our very best to ensure we ONLY lend any applicant what they can comfortably afford to repay.

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Dale Lovell
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