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Are Wedding Loans A Crazy Idea? 10 Things To Think About For Your Big Day

Last Updated: March 28, 2021 BY Michelle Schroeder-Gardner - 13 Comments

Disclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase through my links, at no cost to you. Please read my disclosure for more info.

wedding loansLately, I’ve been seeing a lot of talk about wedding loans. And as a personal finance blogger, this worries me a bit.

Getting married is very exciting, and in the beginning, you’re probably thinking about what your wedding will be like. All of your favorite family and friends, good food, dancing, and whatever else your heart desires.

But then, reality hits – how will you pay for it all?

Shockingly, many couples take out wedding loans to finance their big day.

It seems like more and more people around me are getting wedding loans in order to afford their wedding, and there’s a big industry growing that is trying to normalize marriage loans as well. I’ve even seen advertisements for wedding loans for bad credit!

I’ve also noticed more people putting their weddings on credit cards, which is very dangerous when you consider that the average credit card interest rate is now over 21%. [Read more…]

13 Comments
Filed Under: Budget, Debt, Wedding Tagged With: Budget, Debt, Wedding, wedding loans

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My name is Michelle and I'm the author/owner of Making Sense of Cents. Learning how to save money and make more money changed my life. It allowed me to pay off $40,000 in student loans, start my own business, and I now travel full-time.

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