loan for wedding

CLAPTON

what do your credit files say about you?
what is your income ?
how much do you usually save each month?
do you have a credit card?

Fruit_and_Nut_Case

glen70 wrote: »

...want my finance to have the best day of her life...

Freudian slip?

glen70

Credit files are fair I had a couple of missed payments on cards a few years ago no debt for the last 2 years no loans credit cards ect.
19000 a year salary.
have around 100 a week left from wage on average.

Grumpelstiltskin

Glen Nice thread here about getting married on the cheap.


https://forums.moneysavingexpert.com/discussion/5163164

nearlyrich

How much will a £7500 loan cost you a month? don't forget the interest! Will the £400 a month you have left cover it? How long are you going to be paying for this wedding? All sensible questions you need to think about before signing yourselves up for years of struggling to exist to pay it back.

tripled

If you book the wedding for next summer you'd have pretty much all the money If you're dead set on this year, I'd suggest you have it late summer - so you have time to save at least some of the money you need.

I'd suggest using Martin's credit card eligibility checker to try and find a card that offers 18 months interest free on purchases. This will give you some time to pay it back, but if you're not disciplined over it, then a year down the line you will be paying through the nose. You might not get the limit you need though given your credit history, but would be cheaper than a loan even if some vendors charge a small fee.

CLAPTON

glen70 wrote: »

Credit files are fair I had a couple of missed payments on cards a few years ago no debt for the last 2 years no loans credit cards ect.
19000 a year salary.
have around 100 a week left from wage on average.

how much have you already saved?

glen70

tripled wrote: »

If you book the wedding for next summer you'd have pretty much all the money If you're dead set on this year, I'd suggest you have it late summer - so you have time to save at least some of the money you need.

I'd suggest using Martin's credit card eligibility checker to try and find a card that offers 18 months interest free on purchases. This will give you some time to pay it back, but if you're not disciplined over it, then a year down the line you will be paying through the nose. You might not get the limit you need though given your credit history, but would be cheaper than a loan even if some vendors charge a small fee.

Thanks we are getting married August.we can save some before then we are looking into getting a couple of 0% cards and paying progression as possible I am with santander and think they do a decent cars real at the moment.

ermine

glen70 wrote: »

We [STRIKE]need [/STRIKE] want a loan for 7500 pounds to pay for our wedding.we live in a house payed for no mortgage no other debts

Fixed that for you. Borrowing money to pay for an elective spend. The best of British luck to you. You have £100 a week left over on average. Thus your proposed borrowing is more than a year's worth of flat-out saving. No holidays, no days out, no spare to fix the roof if it leaks?

But still want my fiancee to have the best day of her life

Call me a curmdgeonly old git but love is what you DO not what you buy. If that's the best day of her life then it's all downhill from the wedding, which sounds like a ghastly thing to wish for your beloved - worse than sweating out the next year and a half paying off this consumer experience.

Will you be spending the same amount on the honeymoon, which seems another piece of egregious consumer spending trumped up as a must have by companies that stand to make a killing out of persuading us all that we are what we buy?

Ask yourself honestly whether this spending is what you would do if you weren't surrounded by a commercial wedding industry hell bent on extracting as much money from couples as they can to make a profit for their shareholders. If it is, knock yourself out living your own values and enjoy. But if there's a suspicion that it's somebody else's values being held up as 'you're a meanie if you don't spend God knows how much to make us a profit' the poke 'em in the eye and work out what a good wedding looks like to you if your think for yourself.

Sadly, money troubles are large part of issues in relationships. The wedding industry is truly evil in manipulating people's emotions telling they need to spend loads of money they don't have, thus threatening people's long-term future for their profit.

If you need to borrow the money that's a bit of a warning sign that you're spending money you don't have... Anyway, good luck and hope whatever you do works out and is worth it for you, all the best for your future life together!

glen70

I give up I will goto my bank and ask advice from them..lol I only wanted some advice and some people just like to rant ermine lol sad really thanks to the positive replys