Post # 1
Both our sets of parents have said they want to contribute, but we haven’t been able to actually get solid numbers.
So we decided we’re going to take out a loan.
We’re not having a super exensive wedding, it’s $10,000. (Which before I started planning would have sounded expensive to me, but I had no idea how much things cost and how fast it would add up.)
I never thought we’d be taking out a loan for the wedding. We’ll have it paid off pretty quickly, even if we get nothing from our parents. I was just always against the idea of getting a loan for something “frivilous” such as a wedding.
Post # 3
I thought about it, but decided not to. We have been saving and we will somehow make it happen. Go for it, as long as it won’t hurt you in the long run and you have a way to pay it off without any interest.
Post # 4
I’m normally against wedding loans but if thats your only option then do whatcha gotta do.
Post # 5
It truly is amazing how fast the expenses add up and fly away, isn’t it? It sounds like you have given it a lot of thought, and I know how you feel. I probably would have had to do the same thing. (Had we had our larger wedding- we eloped in the end.) Everything is so expensive.
Post # 6
@CaitMarae, me too. But I was getting way too stressed out waiting to get solid numbers from parents. Hopefully it will even be paid off before the wedding, I just was tired of worrying.
Post # 7
We had a hard time getting concrete numbers from parents as well- a small loan won’t hurt you in the long run. You sound sensible about your spending so I wouldn’t sweat it too much!
Post # 8
did u open a new credit card? what type of loan ? just curios saved over 20k plus cash im getting tireeed lol
Post # 9
We haven’t actually got the loan yet, but we’re looking at getting an unsecured (aka: no colateral) personal loan.
Post # 10
I am in finance… Let me offer you a few suggestions. I did a small 2000.00 loan for someone just last weeks that was not secured but had excellent credit and he still ended up paying 17%. I HIGHLY suggest securing it with something like a car that is paid off, then you could get a rate that is as low as 4%.
Unsecured loans are great but because there is nothing for collateral rates are much much much higher.