So you are engaged. Congratulations. It was not easy. What?
Getting engaged? No, finding the right person. But it is just the
beginning. There is still a wedding to plan. Do you know how much you
have to plan? Perhaps you have some idea but you will know the reality
only when you actually start planning your wedding. Caterers, ceremony,
cakes, car, invitation, music, photography, tuxedos, wedding gown,
jewellery, hair, gifts, decoration…….is the list over? Not yet, not
even near over. However, one thing you still forgot to take into
account. You don’t have ample money. And on the top of it you have BAD
CREDIT.
That doesn’t sound too good especially when Are trying to
get a loan. But bad credit loan for wedding. You haven’t given it a
thought. Or perhaps your thoughts have stopped in the middle because of
bad credit. Bad credit wedding loans are as realistic as your wedding plans.
If
you have made your wedding plans then perhaps you know how much you
have to spend. According to a study the national average of wedding
costs about �22,000. Most of the couples are geared to pay for their own
wedding. An April 2004 survey shows 75% of people paying for their own
wedding. Bad credit wedding loans are the answer if you belong to these
75%. Bad credit wedding loans can help you explore every wedding fantasy
in case money is short.
Bad credit wedding loans usually have
only one major negative vibration. High interest rates. Every kind of
bad credit loans, including wedding loans,
implicates higher interest rates. So be prepared for that with bad
credit wedding loans. Bad credit wedding loan can be either secured or
an unsecured.
A secured bad credit wedding loan is more compatible
with respect to loan lenders requirements. This bad credit wedding loan
provides warranty for your loan claim. The warranty on secured bad
credit wedding loans is in the form of your property, your home or any
other valuables. Therefore, your property is in peril of being lost if
you make a non repayment mistake your bad credit wedding loan.
Traditionally
unsecured loans have higher rate of interests as compared to secured
loans. Unsecured wedding loans with bad credit thus come with an added
disadvantage of increased interest rates. Missing loan repayment,
divorce, redundancy, or any other unexpected event can lead to your
being blacklisted. Yet loan lenders have grown flexible with respect to
bad credit and are furthering bad credit wedding loans.
Some unforeseen circumstances can lead to bad credit.
Bad credit can pounce upon you unexpectedly. Perhaps you are too young
or perhaps you did not have any credit before. Usually people with prior
history of CCJs, arrears, closure, charge offs are considered for bad
credit wedding loans.
You can easily borrow the required for your
wedding with bad credit wedding loans. With loan borrowing a very
crucial thing is planning. First of all make the budget of how much you
require. If you know how much you require you would perhaps be able to
make a better claim for your bad credit wedding loans. Taking a bad
credit wedding loan that is beyond your limits is a sure way to remain a
bad credit contender.
There are loan lenders who specialize in
bad credit. If a regular loan lender is apprehensive about your bad
credit status then switch to loan lenders who provide loans for bad
credit. They have specialized products for bad credit wedding loans and
would suit your financial status. Every loan lender has different
eligibility criteria. So you might not find your bad credit wedding loan
at every loan lender.
Your bad credit wedding loans come with the
option of fixed or variable rate. Fixed rate on bad credit wedding loan
implies a fixed monthly payment for the loan repayment. Bad credit
wedding loans with fixed rate are ideal if you like making financial
plans beforehand. Bad credit wedding loans with variable rate implies
the freedom of making monthly payments based on your income. With the
online facilities, you can ask for more than one lender to give you a
loan quote depending on your requirements. Try to make your bad credit
wedding loans both a mode of finance and a way to re-establish your
credit history. Make your wedding an opportunity for a great and
positive start financially with bad credit wedding loans.
Bad
credit is like an ongoing battle. You have to fight your way up when you
have bad credit. Bad credit wedding loans has created an alternative
source of financial funding for those who endure due to bad credit. This
time when you have finally made up your mind don't let bad credit slow
down your way to the altar.