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Wedding Loans – Choosing The Right Option For You #loan #calculator #uk


#wedding loans
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Whatever you need a loan for, our Smart Search can help:

SECURED LOANS: YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE, LOAN OR ANY OTHER DEBT SECURED ON IT.

Wedding loans guide

A wedding is a joyful occasion (or should be!). But, as all recently married couples know, it can also be a very expensive one.

Most weddings nowadays cost between 18,000 and 22,000, so it is hardly surprising that a lot of loved-up couples need to borrow to cover the cost of their nuptials. A low-interest personal loan is one of the easiest and most convenient ways to fund your big day.

But is it the right way for you? Here is a quick guide to the pros and cons of using a loan to pay for a wedding, as well as some tips on finding the best deal and a few alternative suggestions.

Advantages of a wedding loan

While most people are able to put some money towards the cost of getting married, the average cost of about 20,000 is out of reach for many couples. A personal loan offering the chance to borrow up to 15,000 over five years, for example, is a popular means of making up the shortfall.

You can currently borrow between 7,500 and 15,000 at an interest rate of around 5%. This makes a loan of this kind a relatively cheap way to access extra funds to cover the cost of your wedding.

Another benefit of taking out a personal loan is that your payments are fixed so you can budget accordingly. You can also choose a loan with a term of between one and five (or at least three) years.

Repaying the loan within a shorter timeframe (if you can afford to) means you will pay less interest overall. A longer timeframe means a higher total interest bill, but each monthly repayment will be smaller (there ll just be more of them).

What s more, you can sometimes take a payment holiday of say two or three months at the start of the agreement, giving you a bit of financial breathing space if you need it as you settle into your new life of married bliss.

Disadvantages of a wedding loan

A wedding loan with an interest rate of 5% or thereabouts is a very attractive proposition. However, the rates available for those needing to borrow under 7,500 or more than 15,000 generally tend to be higher.

Lenders take your credit score into account when deciding what interest rate to charge you and how much you can borrow. If you have a poor credit history, this might mean you are unable to borrow at the market-leading rates.

Only people with high credit scores will be accepted for the best deals, while those with black marks will be offered a higher interest rate or refused credit altogether.

If you are unsure about your credit score, it may therefore make sense to sign up for a free credit file checking service before applying for a wedding loan especially as rejected applications will further damage your file.

Remember too that many of the top personal loan deals also require you to fulfil certain criteria for example being a supermarket rewards cardholder to qualify for the headline interest rate.

Alternatives to a wedding loan

Many of the top credit cards available today offer 0% for an introductory period on balance transfers or purchases or, in some cases, both. If you are disciplined enough, you can therefore borrow the money to pay for at least some of your wedding completely free of charge.

This is a great option for anyone needing to borrow a smaller amount particularly given the higher interest rates on personal loans of under 7,500.

Borrowing on a 0% credit card can prove very costly if you get it wrong, though. Not only do you have to remember when the 0% deal comes to an end to avoid being hit with double-digit interest charges, the fact there are no fixed monthly payments can make it harder to manage your repayment plan after the big day. Discipline is required!

Finding the right wedding loan

Whatever type of loan you choose, shopping around for the cheapest deal is the best way to ensure that you pay as little as possible for credit.

You can do this quickly and easily by using the MoneySupermarket loans channel to compare hundreds of different loans from a wide range of lenders.

The Help me find a loan tool can speed up the process of finding the best deals for your individual circumstances even more all you have to do is enter a few details such as your name, your annual income and the amount you want to borrow.

Moneysupermarket is a credit broker this means we ll show you products offered by lenders. We never take a fee from customers for this broking service. Instead we are usually paid a fee by the lenders though the size of that payment doesn t affect how we show products to customers.


Which laptop to buy 2015 – Tech Advisor #which #laptop #should #i #buy?,what #laptop #should #i #buy?,laptop,laptops,laptops #review,laptops #reviews,laptop #guide,what #laptop,buying #a #laptop,choosing #a #laptop,,laptop


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Which laptop to buy 2015

We explain which laptop to buy. 2015 laptops buying advice – grab a bargain with the best budget laptops, best ultraportable laptops and more. Plus: laptop specifications explained.

There has never been more choice when shopping for a laptop. which can make purchasing the right laptop a difficult process. Do you want a netbook or an ultraportable. Or are you more concerned about price: looking for a budget laptop. mid-range laptop or a high-end laptop. Perhaps you need a Mac laptop or even a tablet ?

The first thing to do is to read our unrivalled laptops buying advice. explained in detail below. This explains all the relevant specifications, and shows you how to get to grips with the specs on offer and how to learn the bare minimum requirements for today’s portable computers.

Then check out PC Advisor’s laptops reviews reviews, which we’ve broken down into the relevant categories to help you make a selection. Comparing two or more similar laptops and working out which is the best laptop for you is, of course, a tricky task. And even though to an extent this is a subjective decision, we’ve tried to take some of the pain out of it with the laptops section of our unique, constantly updated best laptops charts .

We present the best laptops available in the UK, in a variety of product categories. And because we review more products than any other UK website, our charts are constantly updating, so you can be sure you’re getting good, up to date advice. (See also: Should I buy a Windows laptop or a Chromebook? )

Which laptop to buy: laptops buying advice

‘Which laptop should I buy?’ A simple question, and the question we are asked the most often. But ‘Which laptop should I buy?’ is also a deceptively difficult question to answer.

The fact is that the laptops market has become commodified. With the exception of the laptops made by a handful of high-end laptops makers – principally Apple – it is difficult to differentiate between the myriad laptops that flood the market. Indeed, the question is not which laptop to buy, but what specifications you should look for, what manufacturers you should consider, and how much you are prepared to pay.

A good laptop purchased in 2015 should last you for four or five years. But you have to make sure what you buy is fit for purpose. (See also: Should I buy a refurbished laptop? )

Which laptop to buy: what specs to look for

This depends on for what you will be using your new laptop. For the majority of people, a laptop is for web browsing, email and social media, and office work such as spreadsheets and Word docs. There may also be some photo- and video-editing.

The good news is that for such users the specification can be relatively light, and that will save you money. We would recommend that you focus your budget on the best possible processor, the most RAM you can afford (and use) and – a key consideration – that you invest in as much onboard storage as is possible.

So even at the budget end of the market you should be looking for an Intel Core i3 or higher processor. There’s nothing wrong with AMD chips, of course, but Intel truly dominates the PC market these days. Unless you are really strapped for cash avoid Intel Pentium or -Atom processors.

In terms of memory, you want as much RAM as possible. If you purchase a 32-bit Windows laptop you will be able to use a maximum of 3GB RAM. For a 64-bit install the more the merrier. You will never regret having too much RAM, as it will keep your laptop faster for longer.

Similarly, storage is critical. If you’re lucky it’s the aspect of your laptop that will run out the first. These days we all store myriad images and videos, and making sure you have sufficient space will keep your laptop useful for longer. A solid-state drive – or SSD – is always best, as it is much quicker than a traditional spinning hard drive. But an SSD will add significantly to the cost of your laptop and capacities tend to be lower. If you are at the budget end of the market go for a HDD.

Get those three specifications right and you will be off to a winning start. They will all impact on battery life, too. You want the biggest possible battery cell, and ideally it should be replacable. Other key considerations include the size and weight, and the display and graphics. We’ll also consider multimedia and connectivity.

With the former, you need to ask yourself for what you will be using your laptop – and where. If you want a laptop as your principal home computer, and it is unlikely to do all that much travelling, you can save money on thin and light and stretch out to a large 15in or 17in laptop. But if you need a laptop for work on the move, you will probably pony up more for a sleek and portable Ultrabook.

Size and weight directly impacts on display size, of course. Things to look out for here: it’s not just the physical size of the screen that matters, but the resolution. Ideally you should aim for a 720p or 1080p display, these days. And not all screens are made equal. You’ll find that a matte display is better than glossy if you work under strip lighting (or outdoors). Do you want a touchscreen? It can be nice but it will add considerably to the cost. Generally speaking the more you pay the better you get, in terms of richness of colour and flexibility of viewing angles, and so on.

Few laptops have dedicated graphics cards. Unless you are looking for a gaming rig you will be unlikely to need any more than the onboard graphics built in to many mmodern Intel chipsets. But if hardcore gaming is your thing, invest your money here. Finally, if you will be watching movies on your laptop, or listening to music, you may wish to get a laptop with decent front-facing speakers. In terms of connectivity 802.11ac/n Wi-Fi should be a given. Look for an HDMI port if you want to play content from your laptop to your TV. You can never have too many USB ports, and Bluetooth can be useful.

Which laptop to buy: what manufacturers to consider

We can’t in all fairness list only a few laptops makers and tell you to avoid all others. But I will say this: laptops are complex and expensive machines. Things go wrong all the time, and you want to know that if your laptop breaks you will be able to take it back to the manufacturer and get it fixed. So I would always err toward a manufacturer with history and a good reputation. There are great deals to be had online, but there’s nothing wrong with a physical store into which you can walk with your laptop if you need help.

Check out the reputation of your chosen manufacturer, although do bear in mind that all computer makers turn out the occasional lemon and customers tend not to post online with stories of a good PC delivered on time. And remember, if something looks too good to be true it probably is.

Which laptop to buy: how much should I pay?

Again: work out what you need, and work from there. These days it is perfectly possible to get an adequate web-browsing machine for 300- 350 inc VAT, if you don’t need the very best build or the latest spec. But if you want style, portability and performance you will need to shell out for it. Work out the specs you require, then look at what is available online and on the high street. Remember that at the lower end of the market even mainstream supermarkets sell decent laptops these days. But when you see a model you think would suit your purposes, be sure to check that spec against what you can get online to ensure you grab a bargain. For more, see: How to choose a laptop below 500 .

Which laptop to buy: best laptops of 2015

Still confused as to which laptop to buy? Fear not. Below are links to our regularly updated laptops group tests, featuring full reviews of the latest and greatest laptops in a variety of key categories.


SAP Hotel Management: Serving the hospitality community with integrity, loyalty and qualitySAP Hotel Management #sap #hotel #management: #serving #the #hospitality #community #with #integrity, #loyalty #and #quality. #sap #hotels #specializes #in #hotel #management #of #both #full #service #and #select #service #hotels. #the #need #to #be #selective #in #choosing #a #hotel #management #company #has #never #been #more #important #than #it #is #today. #sap #hotels #provides #real #world #solutions #for #it\’s #owners #and #will #increase #your #hotel\’s #top #line #revenue #and #improve #your #hotel\’s #bottom #line #profit.


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SAP Hotels specializes in hotel management of both full service and select service hotels. The need to be selective in choosing a hotel management company has never been more important than it is today. SAP Hotels provides real world solutions for its owners that will increase your hotel’s top line revenue and improve your hotel’s bottom line profit.

SAP Hotels LLC. is deeply rooted in the hospitality industry. Its senior management is comprised of a team of skilled professionals with averaging nearly 75 years of lodging experience. SAP Hotels LLC. upholds long-standing relationships with the industry’s most highly regarded brands.

SAP does not take a cookie cutter approach to our services and fees. SAP’s executive team will take the time to get to know you the owner and qualify the needs of your hotel. We will then work with you to design a program that will generate results. SAP can perform complete hotel management for your property or just provide, sales and marketing, centralized accounting or cost control support.

Our Services

SAP can perform complete hotel management for your property or just provide, sales and marketing, centralized accounting or cost control support. Read More

  • Day to day operation supervision
  • Establish and monitor business plans
  • Monitor and supervise all personnel matters
  • Implement and monitor purchasing and inventory controls
  • Implement and monitor food and beverage systems
  • Implement and monitor accounting systems including reporting
  • Accounts Receivable and Accounts Payable
  • Prepare, annual forecasts, budgets, and weekly variance analysis
  • Prepare, implement and monitor emergency and guest safety plans
  • Establish preventative maintenance programs
  • Prepare capital improvement schedules
  • Prepare goal-oriented bottom line targets
  • Involve owners in decision-making and in the review of hotel performance

. Know more about Operations

  • Development of top line budget
  • Annual marketing plan
  • Development of group booking goals
  • Development of locally negotiated account consumption goals
  • Sales solicitation goals
  • Sales performance bonus incentive
  • Creative site tour procedure
  • E-Marketing
  • Event management promotions and execution
  • Competitive analysis
  • Sales support and training
  • Public relations coordination
  • Collateral design
  • Quarterly targeted action plan
  • Sales Blitz coordination
  • Outside sales calls
  • Coordination of property and franchise marketing efforts
  • GDS, internet, print, social media marketing

. Know more about Sales and Marketing

  • Preparation of annual budget
  • Daily flash report
  • Preparation of monthly financial statements
  • Annual reporting and payments of all state, local and lodging taxes
  • Monitor the annual budgeting process
  • Provide financial results analysis and industry comparisons
  • Provide cash flow monitoring and distributions
  • Perform internal financial audits
  • Provide sales, property and income tax audit support
  • Administer banking relationships
  • Loan negotiations

. Know more about Finanance

  • Line Level Job Descriptions and Employee Handbook
  • Management/Associate’s search
  • Best Hiring Practices
  • Employee Relations and Retention
  • Termination Procedures
  • Bonus and Incentive Plans
  • Compensation Consulting
  • Government Compliance
  • Harassment Free Atmosphere
  • Educational & Leadership Training

. Know more about Human Resources


Residential Garage Door Repair & Installation Services #choosing #a #garage #door


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Residential Garage Door Installation and Repair Service

Serving Cleveland, Canton, Akron, and all of Northeast Ohio

Action Door are the Akron, Canton, and Cleveland, Ohio garage door experts. We offer overhead garage doors from the most trusted names in the industry and garage door services ranging from garage door installation and 24-hour residential garage door repair to garage door operators. parts, and garage door repair across Northeast Ohio.

Best residential garage doors and installation

Your garage door can dictate the overall appearance of your home. In many cases, your garage door makes up 1/3 of the facade of your home. The type, style, design and material chosen for your garage door will enhance or detract from your home’s curb appeal. Action Door offers only the best brands of residential garage doors on the market including Wayne Dalton .

Not only do we provide the best quality residential garage doors, our garage door installation and service is unmatched. Action Door has served Northeast Ohio for over 45 years as community leaders in garage door installers and repair services.

New twist on traditional garage doors

Over the last several years, “custom” garage doors combining new steel and painting technologies, along with increased safety features, allow the homeowner the look and feel of old-fashioned, traditional garages or carriage houses. These “Carriage House’ garage doors offer you greater selection when choosing your door(s). Wooden garage doors are still available and while they may add maintenance, they add warmth and value to any home.

For a “Contemporary Style”, ask about our flush steel, or aluminum doors.

Choosing the best garage door for your home

We can help you decide! Action Door’s sales staff is friendly and knowledgeable and never forceful. We will offer suggestions regarding garage door installation, maintenance, security, increased convenience and garage door selection, while at all times promoting safety. We want your door to please you and add to the value and appearance of your home. Our experts are waiting to help you design a custom garage door that fits the look and feel of your home while adding value. Get a free estimate today on our garage door installation and repair services and add the curb appeal and functionality your home deserves.

Below are some of before and after shots below from one of our recent projects. Click on the images to enlarge each image.


Secured Loans Quotes – Choosing the Right Loan #department #of #education #loan #consolidation


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There are however some hints of how the right loan should look like. Firstly, let s take the secured loan, where you offer as collateral your own property.

If you go with a home equity loan . you should check that the lender does offer you a reasonable amount in exchange for your equity.

This means. that if your equity equals say 60,000, the amount you receive from the lender exceeds 70%-75% of this sum. Anything below this percentage will not constitute a good loan for you. Then, you must have a look at the overall cost of the loan, and not only the amount itself.

The best deal on auto loan is calculated by taking into account the principal amount, the loan repayment period and the interest rate. Don t forget to have a look at these factors before getting settled for any loan financer. A large number of fantastic deal offers are already available in the market with convenient payment options.

If, calculating interest payments. the possible late payment fees and the arrangement fee itself, and adding these up exceeds well 10-15% of the total loan amount, that will constitute an expensive loan option for you.

The home equity line of credit comes with a bit higher interest rate payments, but still the extra costs should not exceed 15-20% of the total initial amount.


How to Choose Life Insurance – Nationwide # #how #to #choose #life #insurance, #choosing #life #insurance, #life #insurance #types, #types #of #life #insurance #policies


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How do I choose the right life insurance product?

Coverage and features to consider

Basic protection – Need life insurance just to provide financial support to your survivors if you die unexpectedly? Term insurance generally provides coverage for a specific length of time, at a lower cost than other types of insurance.

Market participation and cash value − If you need insurance protection for the long term, want the potential to build cash value (money from which you can borrow, even during your lifetime) and have a little more money to spend, consider permanent life insurance. There are three types of permanent life insurance policies:

  • Whole life insurance builds value based on a set schedule. You’ll know the exact cash value of your policy at each anniversary. (If you take a loan or withdrawal from your policy, the cash value and death benefit will decrease.)
  • Universal life insurance earns a fixed interest rate on the cash value of the policy. While the interest rate may change over time, it will never dip below a guaranteed minimum rate.
  • Variable universal life insurance lets you invest your cash value in the stock market, so your policy value goes up or down based on the performance of your investments. The investment subaccount options in VUL policies are not offered for sale to the general public.

How long should your coverage last? Need life insurance coverage just for a specific timeframe – like while you’re paying off your mortgage? Term life insurance offers protection for a set period. All other types of insurance cover you for life, as long as the premiums are paid.

Fees and charges − Before you buy, ask about the fees and charges associated with a life insurance policy, how they’re calculated and what they’re for.

Access to your money − Will you need to take money out of your policy in the future, for instance, to pay college tuition or as retirement income? Most whole, universal and variable universal products let you withdraw money from your policy or take loans. 1 But some do restrict when you can take money, how much you can take and (for loans) the interest rate.

Flexible payments − Some universal and variable universal life products let you make flexible payments once you’ve paid enough to cover your policy charges.

Ready to take the next step?

Determining the right insurance coverage for your needs is an important decision. For help with understanding the types of life insurance policies and choosing life insurance, call us at 1-866-207-9160 or find an agent in your neighborhood.

1 Assumes contract qualifies as life insurance under Internal Revenue Code (IRC) Section 7702. Most distributions are taxed on a first-in/first-out basis as long as the contract remains in force and meets the non-MEC (Modified Endowment Contract) definitions of IRC Section 7702A. Loans and partial surrenders from a MEC will generally be taxable, and if taken prior to age 59 ½, may be subject to a 10% tax penalty.

As your personal situations change (i.e. marriage, birth of a child or job promotion), so will your life insurance needs. Take care to ensure these strategies and products are suitable for your long-term life insurance needs. Also, be aware that market volatility can lead to the possible need for additional premium in your policy. Investors should evaluate the impact of their financial ability to continue premium payments and the market risk associated with the variable product on the risk of lapse of the insurance policy.

Also, know that any loans, withdrawals, and surrenders, partial or whole, can adversely affect the death benefit, may have adverse tax consequences, and could result in the policy lapsing. Variable life insurance has fees and charges associated with it that include a cost of insurance that varies with such characteristics of the insured person as gender, health and age, underlying fund charges and expenses, and additional charges for riders that customize a policy to fit your individual needs.

Before deciding on a variable life insurance policy, you should carefully consider the investment objectives, risks, charges, and expenses of the policy and its investment options. The product prospectus and underlying fund prospectus contain this and other important information. To obtain a product prospectus, variable universal life insurance quote, or underlying fund prospectus, contact your investment professional or Nationwide. Read the prospectus carefully before making a purchase.

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Not a deposit • Not FDIC or NCUSIF insured • Not guaranteed by the institution • Not insured by any federal government agency • May lose value

This material is not a recommendation to buy, sell, hold, or rollover any asset, adopt an investment strategy, retain a specific investment manager or use a particular account type. It does not take into account the specific investment objectives, tax and financial condition or particular needs of any specific person. Investors should work with their financial professional to discuss their specific situation.

Life and annuity products are issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Company, Columbus, Ohio. The general distributor for variable products is Nationwide Investment Services Corporation, member FINRA. The Nationwide Retirement Institute is a division of NISC. Nationwide Funds distributed by Nationwide Fund Distributors, LLC, Member FINRA. Columbus, OH. Nationwide Life Insurance Company, Nationwide Life and Annuity Company, Nationwide Investment Services Corporation, and Nationwide Fund Distributors are separate but affiliated companies.

The Nationwide Group Retirement Series includes unregistered group fixed and variable annuities issued by Nationwide Life Insurance Company. It also includes trust programs and trust services offered by Nationwide Trust Company, a division of Nationwide Bank ® .

Nationwide, the Nationwide N and Eagle, The Nationwide Retirement Institute, Nationwide is on your side and Nationwide Funds Group are service marks of Nationwide Mutual Insurance Company. Let’s Face it Together is a service mark of Nationwide Life Insurance Company.

©2017 Nationwide Mutual Insurance Company and affiliated companies


Choosing a Federal Student Loan Repayment Plan #simple #loan #calculator


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Choosing a Federal Student Loan Repayment Plan

If you have federal student loans, it’s important that you understand your loan repayment options. For example, did you know that you have the option to choose a repayment plan? That’s right. While your loan servicer (the company that handles the billing and other services on your federal education loan) will automatically place your loan on the Standard Repayment Plan. you CAN choose another plan.

The Department of Education offers several traditional and income-driven repayment plans with different payment options. So, make sure to take the time to understand these options and find the plan that works best for you.

Generally, our repayment plans offer three types of payments:

  • Fixed Payments: Our Standard Repayment Plan and Extended Repayment Plan offer payments that remain the same amount for the life of the loan.
  • Graduated Payments: Our Graduated Repayment Plan and Extended-Graduated Plan offer payments that start out low and gradually increase every two years.
  • Income-Driven Payments: Our three income-driven repayment plans offer payments that are calculated based on your income.

Choosing a repayment plan can feel overwhelming. Don’t worry—there are several resources available to help you understand the repayments plans, determine your eligibility for each plan, and make the right decision for you.

  • Watch our Repayment: What to Expect video to get a high-level overview of the repayment plans.
  • Check out our Repayment Plans infographic for an easy-to-understand visual that will give you some key points to keep in mind as you are choosing a repayment plan.
  • Read our Repay Your Federal Student Loans fact sheet for additional information on loan repayment and the repayment plans.
  • Get detailed information about each repayment plan on our website.
  • Use our online Repayment Estimator to find out which plans you may be eligible for and to estimate how much you would pay under each plan. (If you log-in, the Repayment Estimator will use your actual loan balance to estimate your eligibility and payment information.)
  • Contact your loan servicer to discuss your options and choose a federal student loan repayment plan that’s best for you.

Remember, the repayment plans discussed here are for federal loans only. If you have private loans. check with your lender about available repayment options.

For more information on federal student loan repayment plans, visit Studentaid.ed.gov/repay-loans .

Tara Marini is a communication analyst at the Department of Education’s office of Federal 


Secured Loans Quotes – Choosing the Right Loan #grants


#secured loan
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There are however some hints of how the right loan should look like. Firstly, let s take the secured loan, where you offer as collateral your own property.

If you go with a home equity loan . you should check that the lender does offer you a reasonable amount in exchange for your equity.

This means. that if your equity equals say 60,000, the amount you receive from the lender exceeds 70%-75% of this sum. Anything below this percentage will not constitute a good loan for you. Then, you must have a look at the overall cost of the loan, and not only the amount itself.

The best deal on auto loan is calculated by taking into account the principal amount, the loan repayment period and the interest rate. Don t forget to have a look at these factors before getting settled for any loan financer. A large number of fantastic deal offers are already available in the market with convenient payment options.

If, calculating interest payments. the possible late payment fees and the arrangement fee itself, and adding these up exceeds well 10-15% of the total loan amount, that will constitute an expensive loan option for you.

The home equity line of credit comes with a bit higher interest rate payments, but still the extra costs should not exceed 15-20% of the total initial amount.


Wedding Loans – Choosing The Right Option For You #personal #loan #agreement


#wedding loans
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Whatever you need a loan for, our Smart Search can help:

SECURED LOANS: YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE, LOAN OR ANY OTHER DEBT SECURED ON IT.

Wedding loans guide

A wedding is a joyful occasion (or should be!). But, as all recently married couples know, it can also be a very expensive one.

Most weddings nowadays cost between 18,000 and 22,000, so it is hardly surprising that a lot of loved-up couples need to borrow to cover the cost of their nuptials. A low-interest personal loan is one of the easiest and most convenient ways to fund your big day.

But is it the right way for you? Here is a quick guide to the pros and cons of using a loan to pay for a wedding, as well as some tips on finding the best deal and a few alternative suggestions.

Advantages of a wedding loan

While most people are able to put some money towards the cost of getting married, the average cost of about 20,000 is out of reach for many couples. A personal loan offering the chance to borrow up to 15,000 over five years, for example, is a popular means of making up the shortfall.

You can currently borrow between 7,500 and 15,000 at an interest rate of around 5%. This makes a loan of this kind a relatively cheap way to access extra funds to cover the cost of your wedding.

Another benefit of taking out a personal loan is that your payments are fixed so you can budget accordingly. You can also choose a loan with a term of between one and five (or at least three) years.

Repaying the loan within a shorter timeframe (if you can afford to) means you will pay less interest overall. A longer timeframe means a higher total interest bill, but each monthly repayment will be smaller (there ll just be more of them).

What s more, you can sometimes take a payment holiday of say two or three months at the start of the agreement, giving you a bit of financial breathing space if you need it as you settle into your new life of married bliss.

Disadvantages of a wedding loan

A wedding loan with an interest rate of 5% or thereabouts is a very attractive proposition. However, the rates available for those needing to borrow under 7,500 or more than 15,000 generally tend to be higher.

Lenders take your credit score into account when deciding what interest rate to charge you and how much you can borrow. If you have a poor credit history, this might mean you are unable to borrow at the market-leading rates.

Only people with high credit scores will be accepted for the best deals, while those with black marks will be offered a higher interest rate or refused credit altogether.

If you are unsure about your credit score, it may therefore make sense to sign up for a free credit file checking service before applying for a wedding loan especially as rejected applications will further damage your file.

Remember too that many of the top personal loan deals also require you to fulfil certain criteria for example being a supermarket rewards cardholder to qualify for the headline interest rate.

Alternatives to a wedding loan

Many of the top credit cards available today offer 0% for an introductory period on balance transfers or purchases or, in some cases, both. If you are disciplined enough, you can therefore borrow the money to pay for at least some of your wedding completely free of charge.

This is a great option for anyone needing to borrow a smaller amount particularly given the higher interest rates on personal loans of under 7,500.

Borrowing on a 0% credit card can prove very costly if you get it wrong, though. Not only do you have to remember when the 0% deal comes to an end to avoid being hit with double-digit interest charges, the fact there are no fixed monthly payments can make it harder to manage your repayment plan after the big day. Discipline is required!

Finding the right wedding loan

Whatever type of loan you choose, shopping around for the cheapest deal is the best way to ensure that you pay as little as possible for credit.

You can do this quickly and easily by using the MoneySupermarket loans channel to compare hundreds of different loans from a wide range of lenders.

The Help me find a loan tool can speed up the process of finding the best deals for your individual circumstances even more all you have to do is enter a few details such as your name, your annual income and the amount you want to borrow.

Moneysupermarket is a credit broker this means we ll show you products offered by lenders. We never take a fee from customers for this broking service. Instead we are usually paid a fee by the lenders though the size of that payment doesn t affect how we show products to customers.


Choosing a Federal Student Loan Repayment Plan


#federal college loans
#

Choosing a Federal Student Loan Repayment Plan

If you have federal student loans, it’s important that you understand your loan repayment options. For example, did you know that you have the option to choose a repayment plan? That’s right. While your loan servicer (the company that handles the billing and other services on your federal education loan) will automatically place your loan on the Standard Repayment Plan. you CAN choose another plan.

The Department of Education offers several traditional and income-driven repayment plans with different payment options. So, make sure to take the time to understand these options and find the plan that works best for you.

Generally, our repayment plans offer three types of payments:

  • Fixed Payments: Our Standard Repayment Plan and Extended Repayment Plan offer payments that remain the same amount for the life of the loan.
  • Graduated Payments: Our Graduated Repayment Plan and Extended-Graduated Plan offer payments that start out low and gradually increase every two years.
  • Income-Driven Payments: Our three income-driven repayment plans offer payments that are calculated based on your income.

Choosing a repayment plan can feel overwhelming. Don’t worry—there are several resources available to help you understand the repayments plans, determine your eligibility for each plan, and make the right decision for you.

  • Watch our Repayment: What to Expect video to get a high-level overview of the repayment plans.
  • Check out our Repayment Plans infographic for an easy-to-understand visual that will give you some key points to keep in mind as you are choosing a repayment plan.
  • Read our Repay Your Federal Student Loans fact sheet for additional information on loan repayment and the repayment plans.
  • Get detailed information about each repayment plan on our website.
  • Use our online Repayment Estimator to find out which plans you may be eligible for and to estimate how much you would pay under each plan. (If you log-in, the Repayment Estimator will use your actual loan balance to estimate your eligibility and payment information.)
  • Contact your loan servicer to discuss your options and choose a federal student loan repayment plan that’s best for you.

Remember, the repayment plans discussed here are for federal loans only. If you have private loans. check with your lender about available repayment options.

For more information on federal student loan repayment plans, visit Studentaid.ed.gov/repay-loans .

Tara Marini is a communication analyst at the Department of Education’s office of Federal