Wedding loan?

MrsWinters

In my mind, if its all there at the start, I know I can pay for it.

[Deleted User]

MrsWinters wrote: »

Like I said, I can use my entire next two months wages to be clear. I hate owing, however in my current situation, of which some of you guys ask waaaay to many questions, a small, easy to pay loan, wouldn't make me bankrupt.

This site is MoneySavingExpert, people help others on these forums with that in mind. The ultimate goal of an MSE member is to save money and help others save money. Taking out a £6,000 loan for a wedding is not in the spirit of this site, which is why a lot of people here are advising you against it and asking questions.

The suggestion that you get married without a ceremony (I assume you need to get married for visa purposes?) is a very good one, you don't need to tell anyone and you can still have a ceremony in a year when you're financially comfortable enough to be spending that much money on a luxury. Maybe you could even save up some more and have a wedding with more than 100 people?

Borrowing money for a luxury like a wedding is not a good financial decision, it's a mistake to borrow money for a luxury. If £6,000 is such an insignificant amount of money that you can pay it back without even thinking about it, then it's an amount of money you should be able to save. However, you've previously defaulted on a credit agreement and have debt, so it seems clear that you are not in the best financial position.

Debt (when used properly) is a tool, it shouldn't be a crutch. Debt for a luxury like a wedding (or a fancy car, or a new laptop) is rarely the right decision.

If you want to disregard all of this and are committed to getting a loan you'll need to share the following information:

- How much do you earn per year?
- How long have you been in your current job?
- How is your credit record (you can find out for free via noddle)?
- How much outstanding debt do you have?

This is the information needed to let you know what credit is available to you, although you shouldn't begrudge people trying to advise you against it

[Deleted User]

Further to my above post...

I've just looked through your post history here and I have to say, I think the chances of you securing any sort of credit are exceptionally small and you would be absolutely crazy to even consider taking out this loan.

During the last year you have been constantly dependent on payday loans, this means that not only do you have a serious debt problem (payday loans are not okay!) but you've also soiled your credit report with really bad credit. Any genuine lender will see your dependence on payday loans and run a mile.

You claim here that you can easily pay off over £6,000, yet a few months ago you posted that you were finally out of debt and life would be easy... but you're back in debt now? You have a genuine financial problem, you need to fix your approach to money and debt as soon as possible, because it's doing nothing but harming your financial future. You're never going to be able to buy a house if you're always in debt.

You need to work out a budget and focus on getting yourself into a good financial position (emergency fund, savings) before you even consider spending so much money on a luxury like a wedding. Please make a post in the Debt Free section and get some help and support to change your attitude towards money You have a good salary, there's no reason you can't resolve all these problems within 12 months and be able to afford (that means no debt!) a wedding that you can invite everyone in your family to, and afford to secure your financial future.

I watched some of my family members go through the same thing you're going through, it doesn't get better until you acknowledge the problem and focus on fixing it: that means no luxuries on credit. Please get help from the people here that want to help you.

Financial security is within your reach, you just need to commit. You can do it! Good luck

poppasmurf_bewdley

MrsWinters wrote: »

I don't need a lot, I've priced it all out to just under 6k, but if I have a low credit score, can I get a wedding loan for that 6k, or at least some of it?

Firstly, when you haven't got it, £6k IS a lot of money! When you haven't got it, even a tenner is a lot of money.

Just imagine that you weren't getting married, and you had £6k sitting in a savings account. Would you go out and spend it all on other people and have nothing to show for it the day after?

I remember when I got married. People were telling me it would cost thousands to have a proper do, but I managed by careful planning to do everything for about £500 and that included a Rolls Royce borrowed for the honeymoon.

ViolaLass

MrsWinters wrote: »

We do have to go the whole hog, despite being a couple for over 4 years, and him even working here for a lot of that, we have to show its real and not just a quickie at Brixton town hall.

I've been talking to some acquaintances - ones who are fighting to get permission for their spouses to move here. They have advised that anyone can spend a lot on a wedding, it doesn't prove that your relationship is genuine. What you need is proof of your time together - letters, emails, records of Skype calls, photographs, cards etc. These things will make a greater difference to your application and you will be glad of the money you didn't spend on your wedding if you have to get a solicitor to fight your case.

I'm worried that your topsy-turvy priorities may get you married but leave your husband without permission to stay. Have you looked much into the process for getting permission?

Vikipollard

MrsWinters wrote: »

The ins and outs...
Ever been to a Greek wedding? My parents had 500 at theirs, and that was small. I've got my guests down to 100 max, that includes lots of my family not being invited.




My parents eloped and regretted not telling their families. For me, it wouldn't feel right not having a church wedding.
.

Bit confused by this! Did they just not invite family?


I'd concentrate on showing that it was a real relationship (letters, emails, Skype etc), rather than spending an eye watering amount which only actually shows you've spent a huge amount, not that the relationship is real.


The very best of luck for the future

tinkerbell28

I don't even think he will get a spousal visa. As a sponsor. You meet the income requirement. But it's not a stable income.

You keep getting into absurd amounts of debt, will have £1000's and £1000's on your bank statements going on payday loans.

It doesn't show someone who is financially secure enough to support someone else without there eventually being a burden on the state.

So no, I wouldn't get a loan. I'd get a good 6 months clean history to show to immigration first.

[Deleted User]

duchy wrote: »

I don't think it is for us to say what the OP should spend their money on.

Their money :huh:

Shovel_Lad

Slightly puzzled as in July your husband was working abroad :think:

http://forums.moneysavingexpert.com/showpost.php?p=62634413&postcount=1

bigbadbear

MrsWinters wrote: »

I don't need a lot, I've priced it all out to just under 6k, but if I have a low credit score, can I get a wedding loan for that 6k, or at least some of it?

I got married and had a big wedding. My partner and I borrowed a lot of money to fund it.

If I had my time again I would not have done it. Even though we have been able to afford the repayments it is but one day. There were areas we could have easily made savings but we got carried away. I am too embarrassed to say how much we borrowed or how much the actual wedding cost. We are in our 30s in a tiny 2 bed house. Now all I can think of is that that money could have been a sizeable deposit on a larger house/ the mortgage on our current house could have been a lot less than it is now.

You live and learn