Financing your wedding expenses could be one of the smartest moves for a couple struggling with bad credit score. For, Weddings that are made in Heaven are celebrated here on the Earth and the list of wedding expenses is exorbitantly high. More and more couples these days look forward to define their personal statement and set a class apart by planning elaborated wedding celebration in the most unique and elusive way. Limited salary packages, insufficient credit score or bad credit history are no longer the reasons to restrict the scope of wedding celebrations. I have compiled a handy guide for couples who wish to splurge and announce their union in the most exotic way. Let’s find out how to beat the financial constraints and pronounce your love the way you had always wanted to. Quick Checklist of Wedding Expenses

Be it a wedding dress for the bride or the groom, or the cost of venue you have chosen, the list of wedding expenses need to inclusive of all the major expenses. The more defined is the list the better would be execution of funds. It will minimize the last minute surprises and wastage of resources. A handy list of wedding expenses would include cost of- Wedding and reception venue, Gifts for Guests, Catering expenses, Photography/video, DJ, Music, Flowers, Cake, Wedding bands, jewellery and dress for the groom, bride, mother of the bride and bridesmaid. Do not forget to assess the cost of Honeymoon including travel and stay. You would also need enough to spend and splurge on your Wedding Holiday!

Putting all these expenses in place the cost of a wedding can vary according to couple’s unique taste and preferences. According to an estimate an average wedding outlay in the UK closes to £20000 to £30000 presently.

Wedding Loans/ Financing marriage expenses

After assessing your requirements, you need to look for right channels for funding. You have following options:

Personal loans for wedding It is a norm to apply for wedding loans in the UK these days. You can apply online for bad credit personal loans up to £10,000 for wedding celebration. The loan would be granted as an instalment loan. You can pre define the repayment method and seek complete ease as per your financial health. You can fund all of your wedding expenses including the post wedding trip using this loan. However it is better to figure out the repayment plan before applying for a personal loan for wedding. The personal wedding loans are available for 12 months to 5 years. Choose the one accordingly. Travel loans for Honeymoon Many couples prefer to limit their wedding expenses by budgeting. You may use your savings for the reception and wedding celebration and borrow exclusively for honeymoon. Or one of you may borrow for wedding celebration, while the other one for vacation. Whatever you choose, make sure you do the Mathematics beforehand.

Homeowner loans for wedding With bad credit score the personal loan would however be heavier for your pocket. You can consider applying for secured home owner loan for wedding and thus save enough on the loan interest costs. This is one of the convenient ways to get a cheap wedding loan.

Things to keep in mind

1. Wedding loans for people with bad score come at a high cost. Not many lenders would be willing to offer loan at a low cost. Also a lot of loan sharks are active in the market. So be always sure of dealing with right finance company. Using a broking service may help you locate a right dealer. You should always use an FCA recognized broking service to get a reliable and cheap deal.  

2. Do not borrow for more than what you could afford to repay. For, late payment charges are very high on bad credit loans. Ensure that you sign only a loan with affordable instalments. Also, budget some expenses and try to minimize the loan amount.

3. Do not forget to account your holiday period. Many couples forget to consider the holiday period when they are out of work for celebrations. That also means, there would be no or partial inflows for the period. So plan accordingly.

4. Nothing lasts forever. Bad credit situation would also cease to exist, provided you use your wisdom and courage to repay the loan on time. In all, Congratulations for choosing togetherness. Have happy and peaceful wedding celebrations! Best Wishes.Source: http://www.oysterloan.co.uk/wedding-loans.html