Wedding loan

amyvm

Hi I’m getting married next year am I better off waiting until nearer the wedding to get the loan out or get it out now and start paying it back? 

MallyGirl

it depends what you need the loan for.

[Deleted User]

You're better off not getting a loan and using your savings for whatever it is you're looking to buy.  

Sncjw

If you were going to wait until nearer the wedding for the loan to be able to pay for things why not just save up the money then you won’t have the debt hanging over out 

amyvm

We have saved some of the money but we’re not going to be able to pay it all out of our savings so it’s inevitable that we’ll have to get a small loan to help pay for it 

mcpitman

OP - you don't want to hear this but....... why not just have a smaller wedding you can afford and start married life without some debt?

[Deleted User]

mcpitman said:

OP - you don't want to hear this but....... why not just have a smaller wedding you can afford and start married life without some debt?

What kind of witchcraft is this that you speak of?   

foxy-stoat

Save up the monthly repayments, you may not need a to take a loan.

cajef

What are you going to do if you have made all the arrangements and bookings then find you can't get a small loan and how much is small ?

amyvm

I’ve spoke to someone and know I can it’s just working out when would be the best time. And I don’t want to have a smaller wedding and we’re not having a very big wedding it’s just hard to save with life and 2 kids 
To save the monthly repayments won’t be enough but I could carry on saving alittle and pay the repayments back aswell 🤷🏼‍♀️

LifesAGamble

If its hard to save with life and 2 kids, its even harder to save with life, 2 kids and loan repayments.  Dont do it, you will regret it in time!!   You are robbing your married life of income all for 1 day.