A Funnel for Searching Wedding Loans for Couples with Bad Credit Rating

WARNING: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK.

Couples are made in heaven, but weddings take place on Planet Earth. And if the couple has bad history, the ceremony would not take place before they avail wedding loans for bad credit!
According to the recent surveys wedding expenditures in the UK have peaked to all time high numbers. More and more couples prefer to splurge on wedding celebration and seek out of the box arrangements for their dream day.  So a decision to borrow becomes a significant one.

Here is a quick check list for wedding loans:

 
1. Make a rough estimate of all the wedding expenses in a diary. Summing up all expenses will help you know the loan amount.

2. Do not forget to include cost for booking venue, catering, flowers, cake, wedding dress for both bride and groom, bridesmaid dress, engagement and wedding rings, photography and many more. You should make this list much in advance and take at least a week’s time to complete it. There are endless expenses related to wedding expenses and you may not remember all at a one go. Before finalising the list you may omit the trivial expenses as you should not borrow too much to make your future uncertain. 

3. In case you have plans to begin a holiday soon after exchanging the vows, rather than searching for separate Holiday loans in UK, you may opt for bigger loan for wedding.

4. Opt for instalment loans with ease of repayment. You can apply online for exclusive bad credit wedding loans from private finance companies. Many lenders offer delayed repayment or plans according to couple’s ease. However it is important to keep in mind the fact that both of you would be on holiday for probably entire month and would already be short of funds in that period of time.

5. The wedding loan you avail would work like a personal loan. If any of you have a good history you may avail bigger loan at decent price with a joint loan application. In case both have poor history or no history, you would need a professional help to search for affordable wedding loan in the UK.

6. Contacting a professional broker for bad credit wedding loan- When you contact an FCA approved loan broker you could be rest assured of contacting a legitimate broker. Contacting direct to lender could be a risky affair as a lot of loan sharks portray themselves as FCA affiliated. Always check their authenticity by asking for their credentials.

Brokers are not loan sellers and they only introduce loans to you. You are free to make a fair decision according to your convenience. Besides, most of the brokers charge no fees for sharing the loan advice. Thus when struggling with poor score, you can use a broker’s assistance and avail a personalized loan without any leg work. 

To get the loan help, all you need to do is fill a form on their website and share your contact details. As the broker receives your contact info, they will get back to you and ask your loan requirements. Based on your query they will search for the closest match wedding loans available in the market. They will share the available option and you can choose the one without any obligation.

Tips to Avail Swift Wedding Loans for Bad Credit

Having bad credit history should not be a reason for concealed wedding celebration. Weddings are meant to be followed by loud ceremony in the presence of family and friends. So, you should either begin to save early for your wedding celebrations or search for wedding loans for bad credit profiles.

WARNING: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK.

Given below are some handy tips for those struggling with low score and looking out for help on wedding loans.

1. Make a checklist of all expenses and know how much you need to borrow. Do not forget to include expenses for wedding venue, flowers, rings, dress, food, lunch, honeymoon travel and accommodation.
2. Clearly find out how much you can repay on instalments every month.
3. Search for experienced loan brokers for personal loans. With personal loans on instalments you can fund a variety of expenses. 
4. Ask the broker to search for an affordable loan and discuss a repayment plan.Using the right advice, you can quickly avail a wedding loan and enter a new life without stress.

What you need to know about wedding loans with no credit check?

WARNING: Late repayment can cause you serious money problems. For more information, go to MONEYADVICESERVICE.ORG.UK.

Legally it is not possible for lenders in the UK to provide loans to a loan applicant without performing a credit check. This is the reason when lenders and loan brokers advertise loans no credit check, you should understand what they mean. In fact their intention is to lure borrowers who have low credit and they do perform credit checks, but do not take just the credit score into consideration while approving loans. They are only concerned with your current ability to repay the loan because they understand that once a negative mark is placed on your credit report it stays there for at least 6 years. They also understand that during this time, you financial condition may have improved and this is the reason that currently you have the ability to repay the loan on time.

Special loans

Just because you have bad credit it does not mean that you cannot go on a holiday. Nowadays it has become a popular trend to take a loan for holiday spending. This is because people seldom have the spare savings to finance their holidays and this is the reason that they take a loan which they can slowly repay in easy instalments. However, holiday loans bad credit, are special loans because you are not exactly taking the loan for any serious financial emergency. This is the reason that many lenders are not very keen on giving such loans. However, if you approach a loan broker then you can get such loans because they have tie-ups with specialist lenders who will take the higher risk of providing loans for purposes even like holidays. With the help of holiday loans you can enjoy a leisurely holiday and rejuvenate your energies in spite of having bad credit.

The same is true for wedding loans because it is understood that your wedding is one of the most special and important days in your life and if you are a young couple getting married then probably you do not have enough savings to finance a lavish wedding. At the same time, if you have bad credit then you need to approach a loan broker for wedding loans with no credit check. As mentioned above a credit check will definitely be conducted, but your immediate financial situation and monthly income and expenditure graph will be taken into consideration while approving the loan.

How to ensure the right amount of loan at reasonable rates of interest

When lenders provide loans to people with bad credit they are essentially taking a higher risk. However, if you approach loan brokers they will ensure that you get the loan at a reasonable and affordable rate of interest. Then again there is the matter of the loan amount and tenure. In spite of your best efforts you may not be the best judge to decide the amount of loan which you can repay comfortably. For this you may need to take the help of a financial consultant who will again charge you money. However, if you apply for the loan through a loan broker then you will get this advice free of cost. This is because all loan brokers employ loan advisers who will analyze your financial situation, your monthly income and expenditure graph and other factors and suggest the amount of loan and tenure that will be most comfortable for you.