A third of couples getting married in 2019 plan to borrow over $10,000 to cover wedding bills, with sixty-one percent of engaged couples planning to charge the expenses to their credit card. Over the past few years, there has been a significant increase in the number of couples looking to finance their dream wedding through loans. While there is no problem with taking out a wedding loan, it is important to consider several factors before getting into debt.
As the demand for wedding loans increases, the wedding finance industry keeps growing. This has also led to a rise in the number of wedding loan lenders. While this presents borrowers with more options to choose from, it also makes it more difficult to make the right choice. The good news is that consumers looking for wedding financing can do their research through a third party that is not in the loan business. We make it possible for borrowers to find a lender easily and conveniently, effectively helping you to enjoy a hassle-free borrowing experience. However, it is also important to create and stick to a budget. Here is what you need to know about creating a wedding finance budget.