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


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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.


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CLASSROOM COURSES

At London Makeup Institute we hold small interactive classes to ensure that our students gain the very best understanding and knowledge in a short time. Though our classes are intense, the way they have been structured is so our students can embrace the skills and techniques they are being taught. We have a maximum of 6 people per class in order to ensure all our students get the desired attention they require from the tutor as often as they need.

ONLINE COURSES

We completely understand that in order to learn make-up you need to physically be able to interact with your tutor, we also appreciate sometimes it can be impossible for one to take time out of their schedule to make that commitment. We have created an online course that will blow you away. Our courses are LIVE and not pre-recorded, you will have full interaction with your tutor. If your too busy to attend, we will send you the recording and you can watch and learn at your own leisure. You will also receive full support.

CUSTOM COURSES

London Make-up Institute welcomes students from all around the world. We have now offer bespoke, tailor made courses for individuals who require a course to cater for whatever they would like to learn. Whether they are already a working make-up artist, and would like to add to their skills, refresh their knowledge or someone who is visiting from a far and would like to cover more in a shorter space of time. We can design a course that is right for you.

Master Makeup

Whether you are already a Make-up artist looking to becoming of professional status or a complete beginner, we have the perfect course for you! With an option of classroom, online or custom designed courses, we can deliver the perfect qualification to our students regardless of their experience, location or stature.

London Makeup Institute is renowned for being an Award Winning Makeup school with professional makeup training centre in London, Dubai and plans to open in Los Angeles later this year. LMI was founded by Celebrity Makeup Artist, Entrepreneur and YouTube Guru – Uzma Yakoob. Working in the fashion industry for nearly two decades, Uzma has worked with the biggest names in media, fashion and as well as celebrities.

LIVE Online Courses

We completely understand that in order to learn make-up you need to physically be able to interact with your tutor, and though we do recommend that a classroom or physical course is one of the best ways of learning make-up, we also appreciate sometimes it can be impossible for one to take time out of their schedule to make that commitment OR they may be located in a different country so it is physically impossible for them. We have created an online course that will blow you away. Our courses are LIVE and not pre-recorded, you will have full interaction with your tutor. If your too busy to attend, we will send you the recording and you can watch and learn at your own leisure. You will also receive full support and classroom time with your TA.

Structured to create perfection

We completely understand that in order to learn make-up you need to physically be able to interact with your tutor, we also appreciate sometimes it can be impossible for one to take time out of their schedule to make that commitment. We have created an online course that will blow you away. Our courses are LIVE and not pre-recorded, you will have full interaction with your tutor. If your too busy to attend, we will send you the recording and you can watch and learn at your own leisure. You will also receive full support.

HYGIENE THEORY

Probably the most important part of your journey, we always start this way so you can gain a great foundation to the way you should be working. You will be learning about Health Safety, Hygiene and other very important information you will need to understand and learn in order to gain your Accreditation.

PRACTICAL WORK

The duration of your course will be practical, whether it be in a classroom, one to one or online. However we pump a lot of information your way whilst you will be watching practical presentation. You will be covering a wide range of styles, looks and skills depending on the course you are taking.

PHOTO- SHOOT

Most of our professional courses conclude with a photoshoot organised by our team. This is a day where you will conduct your own shoot, from make-up to styling, its all your own work, however we are there to help and assist you. London Make-up Institute will provide everything you need including the Model Photographer.


Creative ways to finance your wedding – May 7, 2001 #loan #broker


#wedding loans
#

NEW YORK (CNNfn) – Sure, those poached pears and crab puffs were a smash hit on the big day. But when the wedding bills come due, it’s those little extras that can put a crimp in your style faster than you can say I do.

Wedding experts say brides-to-be too often get in over their heads when signing checks for their big day. That, they say, leads to reckless spending, heavy debt loads and a rough start to a new marriage.�

You get caught up in the mood and you go out and buy all these bridal magazines that show everything so gorgeous and, of course, you want it, said Doris Nixon; director of educational programs for the National Bridal Service and president of Weddings Beautiful Worldwide. But, as with every other walk of life, control is part of taking charge.

She adds: It’s hard to start a marriage in debt. Money is the source of more arguments than anything else. �

The good news is, with a little creative financing it is possible to have your cake and eat it too — without sacrificing that fairytale wedding you’ve always dreamed of. Strategies include the pay-as-you-go plan. home equity loans. bridal loans and wedding sponsorships .

What’s important to you?

The first step to avoiding a honeymoon hangover, of course, is to set a realistic budget and stick to it. Once that’s complete, sit down with pen and paper and jot down your top priorities.�

Always dreamed of a horse and carriage to deliver you from the white steeple church? Then go ahead and splurge, but the cappuccino bar has to go. Is a custom-made designer gown a must? Get those measurements going, but opt for a D.J. instead of a live band.

We recommend highly to brides that they prioritize what’s really important, said Richard Markel, director of the Association for Wedding Professionals. Everything else will fall into place.

Once those steps are complete, the real challenge begins � paying the piper.�

Brought to you by.

For the frugal bride and groom, one method that is gaining popularity is to seek out sponsors.

Under such arrangements, engaged couples typically contact wedding vendors to solicit free or discounted services in exchange for advertising on the big day.

Photographers, for example, might agree to snap pictures for free if the couple mentions the company’s name in its wedding program. The cake decorator might likewise slash his or her price in half if the bride- and groom-to-be agree to leave business cards on the cake table.

It’s a win-win situation.

Word of mouth is very powerful in this industry, which is why this has a potential for working, Markel said.

One recent bride-to-be, who asked not to be named, noted, that anyone seeking out sponsors for discounts had best be prepared to spend some time and energy. She also noted its wise to draw up a legal contract, stipulating what both parties are responsible for.

Failure to carry out either end of the bargain would result in a breach of contract.

I contacted quite a few people a day, nearly 50, she said, noting sponsors saved her more than $4,000 in wedding costs. It really is a full-time job. You usually have to explain it to the vendors since this is still a new idea. In many cases, they’ve never heard of it.

Keep in mind, however, that not all vendors, especially the experienced ones, will even entertain the idea of sponsorships.� And others in the trade say you might want to consider the tackiness factor, as well.

I can’t say I’m a big fan, said Carley Roney, editor-in-chief of The Knot. I understand where the pressure is to do this because so many couples pay for their weddings themselves these days and they don’t want to give up that dream of having a big wedding. But it seems like kind of a sell-out. This is a major life moment and I think you should do it within your means rather than trying to turn it into a marketing event.

Hitting up the lenders

Another option when it comes to covering your costs, of course, is to hit up the banks � most of which now offer some sort of loan program designed for special events. A quick search on the Internet turns up any number of wedding loans.

MBNA America Bank. for example, offers its own version of a wedding loan in conjunction with The Knot. The program allows couples to borrow up to $25,000 to plan their wedding, assuming their credit and income levels pass muster.

Interest rates start at about 13 percent, with terms as long as six years. There are no annual fees, no penalties for prepayment and the money can be used to pay for a honeymoon or whatever they choose.

In survey after survey, our research shows that the biggest concern for engaged couples is money, said Adam Sandow, senior vice president of sales for The Knot. Weddings should be as stress-free as possible and this joint program will enable new couples to enter marriage with one less worry.

Remember, though, that by taking out a loan your wedding could end up costing much more in the long run by virtue of the interest payments you’ll owe. But, if your only other option is to pay with plastic, which could cost you 20 percent in interest or more, wedding loans do remain a viable option.�

Pay as you go

It comes as no surprise, but the best way is to stay out of debt is to pay-as-you-go. Not everyone has the time horizon or financial means to make it happen, but you might be surprised how many of those bills you can knock out before the church bells chime.�

Most wedding vendors � including the baker, caterer, reception hall, dress maker and florist � require a 50 percent deposit at the time you place your order anyway. That means you’re already halfway there.

Systematic savings always works the best, especially if you’ve got the time in which to do it, said Dennis Means, a certified financial planner in� Denver, Colo. I like people to incur as little debt as possible.

Means suggests saving as much discretionary income as possible in the months that precede your wedding. One of the best places to open an account, he notes, is a credit union, which generally will offer higher interest rates than commercial banks.

Same goes with most money market funds, which are fully liquid and offer interest rates in the 4.5 percent range. That compares with the 2 percent you might earn at the local bank. If you go with a money market fund, Means said, it’s wise to shop around for one that pays interest monthly, if not daily. The more often interest is paid, the more money you’ll earn.

A short-term certificate of deposit, or CD, also does the trick. Offered with a variety of maturities, including 3 months and 6 months, these fixed-income savings tools offer about the same interest rates as money market funds. They’re a good place to park your dollars, Means said, but don’t forget you can’t dip into those funds until the CDs mature.

Family ties

Another common way to cover your wedding tab, or part of it, is to seek out family support. You may get help with all or part of your expenses by asking your parents for either a loan or a small gift of cash. As any bride and groom can tell you � a little help goes a long way. ��

Today, the groom’s parents are helping out; the bride’s parents are helping; and the bride and groom are both helping because people are spending more on weddings, Dixon said, noting the groom’s parents often agree to pick up the bar bill or the dinner.�

According to industry estimates, the average wedding costs about $25,000, depending upon where you live and the number of guests invited.

Dixon notes, however, that if an engaged couple wants the groom’s parents to pitch in, etiquette dictates that the groom do the asking.� Also, if both sets of parents are paying for the wedding equally, both of their names should be included in the invitation.

Tapping into your home

And then, there are those other sources of capital: retirement plans and home equity.


Japan Bible Institute – Free Bible Course – Free Christian Online Ordination -Accredited Courses – Bible College – Clergy Ordination – Ministry materials – End time Pible Prochey – Life Experience Degrees – Japan Wedding Misitry Training #free #bible #teaching #materials, #bible #teaching #tools, #free #online #ordination, #life #experience #degrees, #antichrist #revealed, #theology, #japan #wedding #misitry #training, #seminary, #certificate #courses, #christian


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This is where you will find rich life changing, motivating truths which will guide you into finding heartfelt answers to many of life’s unanswered questions and keys for direction, guidance, motivation and assurance in these uncertain times which we all face. We have personally found God’s Word (The Holy Bible) to be totally reliable and an endless well of total sustenance for inner inspiration and victorious well being. The Bible is something that we have found we can rely on through out all life’s changing circumstances.

The Japan Bible Institute is an Online Correspondence School. We have No off line facilities or campuses. The Study Materials are in PDF format which can be printed from any printer and we will help you with questions via email. We will conduct some Seminars from time to time and will be happy to notify you of these through our weekly ezine. (Newsletter)

We are here to help empower independent Christian ministers in Japan and around the globe with the tools and backing they need to reach lost souls for Christ. We are here to help you with the challenges you face in preaching the Gospel and want to supply the ministry credentials you need to do the Job.

OUR LEGITIMATE STANDING

The Japan Bible Institute is formally organized with a Board of Directors and Articles of Organization, Constitution, and By-Laws. We are affiliated with the Full Gospel of Christ Fellowship, Inc. In accordance with Rom.13:1-7, (sanctioning Human Government), The Japan Bible Institute has properly contacted the Japan Educational Ministries who, because our offerings are entirely religious, has granted us permission to carry on our activities of granting religious degrees.

The Japan Bible Institute is fully accredited by WORLD WIDE ACCREDITATION COMMISSION OF CHRISTIAN EDUCATIONAL INSTITUTIONS (WWAC) anyone wishing to contact them for verification may write to: The WWAC, Dr. Paul Richardson Executive President, 2800 Blendwell Rd. Richmond, Va. 23224.

We wish to make it perfectly clear that due to the principle of separation of Church and state Mk. 12:17;Ja. 4:4;2Cor. 6:14, the WWAC has chosen not to seek endorsement by either EAES or COPA, but is a rapidly growing and respected network of over 200 schools on the cutting edge of the cause of Christ.

The Bible Courses available from the Japan Bible Institute are similar and in many cases the same used in many 2

3 year Bible Colleges. They are non-denomination by definition but we will strive to offer additional points of view to give the student a choice in their personal beliefs. Although each student has his divine given right to his beliefs on certain issues we all serve One Lord and are made to Partake of One Spirit and Love is greater than these differences. We at Japan Bible Institute encourage loving interactions in the body of Christ that we can all together unite to win the World for Jesus!

We have full confidence that you will receive a well balanced Bible Education at Japan Bible Institute that will enable you to go into the Christian Ministry of your choice and we will help assist you if it is with in our capabilities. But as mentioned earlier, it is our hope, joy and reward that each student will graduate with a greater joy, knowledge, faith in the Lord and dependence on His Word.


Wedding Loans and Wedding Financing #home #loan #interest #calculator


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How To Pay For Your Wedding

You shouldn t let your finances or your credit keep you from having the wedding you ve always wanted. With one of our wedding loans, you ll be able to have the ceremony and reception you deserve. Our unique platform was specially calibrated to offer you the best chance for approval. Well-qualified applicants can be approved for multiple options, so they can choose the financing option that best suits them. And by adding a cosigner, you can increase your chances for approval even more. A wedding can be expensive and stressful. But paying for it doesn t have to be.  Whether you need engagement ring financing, a wedding loan, money for your reception, catering, DJ, or honeymoon, a wedding loan from BridalLoans.com can take the high costs of your wedding and break them down into easy-to-handle, low monthly payments. That way, you can spend more time focusing on what s important: your future.

Apply now.

About Wedding Loans from BridalLoans.com

Questions? Call us. We re here to help.

BridalLoans.com

1-888-502-8028 Toll Free

1-888-502-8030 Fax

All loans are made by Cross River Bank, a New Jersey State Chartered Bank. Member FDIC.

Loan amounts range from $1,000 to $35,000. No loans are offered in Connecticut, New York and Vermont.

An origination fee of 5% is included in the principal loan amount. The Annual Percentage Rate (APR) is the cost of

credit as a yearly rate. The APR offered to you will depend on such factors as your credit score, application

information, loan amount, loan term, and credit history.

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About Us- Wedding Loans #debt #management


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About Us

Wedding Loans is a leading financial institution with specialization in offering financial aid for wedding requirements. Our prime concern is to assist individuals in availing fund so as to satisfy financial requirements well at time. People want wedding arrangements to be fabulous and we assist to turn this dream into reality. We, at Wedding Loans always offer loan services which are easy to avail as well as to repay without putting any burden on monthly budget.

Bad credit can not be a hindrance in availing our loans services. We offer bad credit loans so that individuals with poor credit history can avail financial aid to pay off for personal requirements. Bad credits like CCJs, arrears, bankruptcy, IVA and insolvency are no more an obstacle in obtaining loans with us. We offer loan services for individuals with either bad credit or insufficient credit within least possible time of applying with us. Want to enjoy making prompt payment for your dues then apply now with Wedding Loans!

Wedding Loans offer loans without any obligation to expend for some particular reasons only. With us, borrowers can avail fund for purposes like wedding arrangements, vacation, debt consolidation and car purchase. People in need of fund for higher education and home improvement can also find loans available with us. We provide both secured loans and unsecured loans. Depending upon your needs and credit ability you can apply for any of our loan services.

We always strive to make loan application process as easy as possible. We, at Wedding Loans are continuously striving to provide best loan services. Our team of loan experts works continuously on searching ways to cut down rate of interest and make loan repayment as flexible as possible. We always concentrate on customer satisfaction. Apply with Wedding Loans to avail fund and led a peaceful and happy life!


Are Wedding Loans Smart Wedding Planning Money Management? #bad #credit #loans #not #payday #loans


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Are Wedding Loans Smart Wedding Planning Money Management?

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A wedding is expensive, but is taking out a loan to cover wedding expenses a viable option for brides and grooms? Maybe yes, maybe no. The answer is not simple.

According to the latest statistics. the estimated cost of a wedding in 2012 grew to more than $28,000. One way wedding couples tackle the problem of high wedding costs is to take out a wedding loan. But is that a wise wedding planning decision?

As with any loan, the ability to pay it back is a priority consideration. For brides and grooms uniting two healthy incomes, a reasonable expectation of paying back the loan without extraordinary sacrifice may exist. Under such circumstances, a wedding loan can be a convenience that makes sense. Taking out the loan would allow more immediate money to produce a dream wedding without delaying the nuptials.

On the other hand, if a couple is uniting two average incomes, the burden of paying back a large loan may bring unnecessary stress to a new marriage. Even worse would be a scenario in which newlyweds share a single income after marriage. A marriage loan is enticing, and amidst the excitement of wedding planning, it’s easy to think only of the present. But for some couples, a wedding loan can be a devastating blow, the kind of blow that a new marriage may not survive.

Where the loan originates is also a deciding factor. It is no difficult feat to find a predatory lender who specializes in bad-credit loans for weddings or any other purpose. These lenders usually possess superior power-of-persuasion skills, and no one is more vulnerable than a bride who simply wants the wedding of her dreams. But taking out a high-interest personal loan to finance a wedding makes little sense for any bride and groom.

An exception to this rule would be the existence of money in reserve to repay the loan, such as an imminent inheritance, an insurance settlement, or another guaranteed windfall sum. If there is money on the horizon that can be earmarked for loan repayment, and there is no other way to obtain a loan, a bad-credit unsecured loan could work. The interest will no doubt be very expensive, but if it means not delaying a wedding, and getting the wedding underway sooner rather than later it is important to you, it can be a choice of last resort as long as the means for quickly paying it back exists.

Budgeting for a wedding is crucial in order to keep the costs in check, and a wedding budget is a great trial of how the household money will be handled after the wedding day. Learning to budget, and sticking to it, is one of life’s most valuable lessons. For wedding couples it may mean choosing less of “this” to have more of “that” at the ceremony, reception or honeymoon. But in the end, adhering to the budget will be rewarding.

The burden of debt is detrimental to everything from a sense of self-worth to physical health to intimate relationships. No wedding couple wants to start a marriage with staggering debt. One way to help avoid that debt is to use budgeting software.

Software doesn’t have to be specific to wedding planning for it to be useful to wedding couples. For instance, Quicken’s “Mint” is a free online software program than can be adapted for personal use, wedding planning, or any other budget projects, and it’s just one of many budgeting programs that can keep brides and grooms on the right track. Pricier budgeting software may provide more bells and whistles than free software, but for wedding couples, more is not always necessary.

Every wedding couple is unique, and every wedding couple’s finances are just as individualized. The decision of whether or not to obtain a wedding loan to cover wedding costs is personal. But it’s a personal decision that benefits from a thorough examination before any action is taken. Consider these questions:

• Can the loan be repaid without hardship? • Is a more expensive wedding worth the burden of the debt? • Is there a safeguard for repaying the loan in the event of a loss of income? • Do both the bride and groom agree on how wedding and marriage finances should be handled? • What desired, after-wedding item could be purchased with just the interest expense that will be forever lost to the payback of the loan?

If these questions are answered honestly, it will be easier to come to a decision about utilizing a wedding loan. For some, a loan will work. For others, taking out a wedding loan may be the first horrible decision a couple makes. It probably won’t be the last terrible decision made in the course of the marriage, because all of us married folks make some doozies from time to time. But it is one that can set the stage — good or bad — for the future.

For the happiest wedding, it’s a saving grace to make no debt decisions in haste. Easy financing is not always what it’s cracked up to be, even for a dream wedding.


Creative ways to finance your wedding – May 7, 2001 #car #payment #calc


#wedding loans
#

NEW YORK (CNNfn) – Sure, those poached pears and crab puffs were a smash hit on the big day. But when the wedding bills come due, it’s those little extras that can put a crimp in your style faster than you can say I do.

Wedding experts say brides-to-be too often get in over their heads when signing checks for their big day. That, they say, leads to reckless spending, heavy debt loads and a rough start to a new marriage.�

You get caught up in the mood and you go out and buy all these bridal magazines that show everything so gorgeous and, of course, you want it, said Doris Nixon; director of educational programs for the National Bridal Service and president of Weddings Beautiful Worldwide. But, as with every other walk of life, control is part of taking charge.

She adds: It’s hard to start a marriage in debt. Money is the source of more arguments than anything else. �

The good news is, with a little creative financing it is possible to have your cake and eat it too — without sacrificing that fairytale wedding you’ve always dreamed of. Strategies include the pay-as-you-go plan. home equity loans. bridal loans and wedding sponsorships .

What’s important to you?

The first step to avoiding a honeymoon hangover, of course, is to set a realistic budget and stick to it. Once that’s complete, sit down with pen and paper and jot down your top priorities.�

Always dreamed of a horse and carriage to deliver you from the white steeple church? Then go ahead and splurge, but the cappuccino bar has to go. Is a custom-made designer gown a must? Get those measurements going, but opt for a D.J. instead of a live band.

We recommend highly to brides that they prioritize what’s really important, said Richard Markel, director of the Association for Wedding Professionals. Everything else will fall into place.

Once those steps are complete, the real challenge begins � paying the piper.�

Brought to you by.

For the frugal bride and groom, one method that is gaining popularity is to seek out sponsors.

Under such arrangements, engaged couples typically contact wedding vendors to solicit free or discounted services in exchange for advertising on the big day.

Photographers, for example, might agree to snap pictures for free if the couple mentions the company’s name in its wedding program. The cake decorator might likewise slash his or her price in half if the bride- and groom-to-be agree to leave business cards on the cake table.

It’s a win-win situation.

Word of mouth is very powerful in this industry, which is why this has a potential for working, Markel said.

One recent bride-to-be, who asked not to be named, noted, that anyone seeking out sponsors for discounts had best be prepared to spend some time and energy. She also noted its wise to draw up a legal contract, stipulating what both parties are responsible for.

Failure to carry out either end of the bargain would result in a breach of contract.

I contacted quite a few people a day, nearly 50, she said, noting sponsors saved her more than $4,000 in wedding costs. It really is a full-time job. You usually have to explain it to the vendors since this is still a new idea. In many cases, they’ve never heard of it.

Keep in mind, however, that not all vendors, especially the experienced ones, will even entertain the idea of sponsorships.� And others in the trade say you might want to consider the tackiness factor, as well.

I can’t say I’m a big fan, said Carley Roney, editor-in-chief of The Knot. I understand where the pressure is to do this because so many couples pay for their weddings themselves these days and they don’t want to give up that dream of having a big wedding. But it seems like kind of a sell-out. This is a major life moment and I think you should do it within your means rather than trying to turn it into a marketing event.

Hitting up the lenders

Another option when it comes to covering your costs, of course, is to hit up the banks � most of which now offer some sort of loan program designed for special events. A quick search on the Internet turns up any number of wedding loans.

MBNA America Bank. for example, offers its own version of a wedding loan in conjunction with The Knot. The program allows couples to borrow up to $25,000 to plan their wedding, assuming their credit and income levels pass muster.

Interest rates start at about 13 percent, with terms as long as six years. There are no annual fees, no penalties for prepayment and the money can be used to pay for a honeymoon or whatever they choose.

In survey after survey, our research shows that the biggest concern for engaged couples is money, said Adam Sandow, senior vice president of sales for The Knot. Weddings should be as stress-free as possible and this joint program will enable new couples to enter marriage with one less worry.

Remember, though, that by taking out a loan your wedding could end up costing much more in the long run by virtue of the interest payments you’ll owe. But, if your only other option is to pay with plastic, which could cost you 20 percent in interest or more, wedding loans do remain a viable option.�

Pay as you go

It comes as no surprise, but the best way is to stay out of debt is to pay-as-you-go. Not everyone has the time horizon or financial means to make it happen, but you might be surprised how many of those bills you can knock out before the church bells chime.�

Most wedding vendors � including the baker, caterer, reception hall, dress maker and florist � require a 50 percent deposit at the time you place your order anyway. That means you’re already halfway there.

Systematic savings always works the best, especially if you’ve got the time in which to do it, said Dennis Means, a certified financial planner in� Denver, Colo. I like people to incur as little debt as possible.

Means suggests saving as much discretionary income as possible in the months that precede your wedding. One of the best places to open an account, he notes, is a credit union, which generally will offer higher interest rates than commercial banks.

Same goes with most money market funds, which are fully liquid and offer interest rates in the 4.5 percent range. That compares with the 2 percent you might earn at the local bank. If you go with a money market fund, Means said, it’s wise to shop around for one that pays interest monthly, if not daily. The more often interest is paid, the more money you’ll earn.

A short-term certificate of deposit, or CD, also does the trick. Offered with a variety of maturities, including 3 months and 6 months, these fixed-income savings tools offer about the same interest rates as money market funds. They’re a good place to park your dollars, Means said, but don’t forget you can’t dip into those funds until the CDs mature.

Family ties

Another common way to cover your wedding tab, or part of it, is to seek out family support. You may get help with all or part of your expenses by asking your parents for either a loan or a small gift of cash. As any bride and groom can tell you � a little help goes a long way. ��

Today, the groom’s parents are helping out; the bride’s parents are helping; and the bride and groom are both helping because people are spending more on weddings, Dixon said, noting the groom’s parents often agree to pick up the bar bill or the dinner.�

According to industry estimates, the average wedding costs about $25,000, depending upon where you live and the number of guests invited.

Dixon notes, however, that if an engaged couple wants the groom’s parents to pitch in, etiquette dictates that the groom do the asking.� Also, if both sets of parents are paying for the wedding equally, both of their names should be included in the invitation.

Tapping into your home

And then, there are those other sources of capital: retirement plans and home equity.


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


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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.


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How To Pay For Your Wedding

You shouldn t let your finances or your credit keep you from having the wedding you ve always wanted. With one of our wedding loans, you ll be able to have the ceremony and reception you deserve. Our unique platform was specially calibrated to offer you the best chance for approval. Well-qualified applicants can be approved for multiple options, so they can choose the financing option that best suits them. And by adding a cosigner, you can increase your chances for approval even more. A wedding can be expensive and stressful. But paying for it doesn t have to be.  Whether you need engagement ring financing, a wedding loan, money for your reception, catering, DJ, or honeymoon, a wedding loan from BridalLoans.com can take the high costs of your wedding and break them down into easy-to-handle, low monthly payments. That way, you can spend more time focusing on what s important: your future.

Apply now.

About Wedding Loans from BridalLoans.com

Questions? Call us. We re here to help.

BridalLoans.com

1-888-502-8028 Toll Free

1-888-502-8030 Fax

All loans are made by Cross River Bank, a New Jersey State Chartered Bank. Member FDIC.

Loan amounts range from $1,000 to $35,000. No loans are offered in Connecticut, New York and Vermont.

An origination fee of 5% is included in the principal loan amount. The Annual Percentage Rate (APR) is the cost of

credit as a yearly rate. The APR offered to you will depend on such factors as your credit score, application

information, loan amount, loan term, and credit history.

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