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Your Big, Fat, Expensive Wedding? There’s A Loan For That




Brides hold their roses
Brides hold their roses
Joe Raedle/Getty Images

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Is your dream school out of your price range? Do you need to expand or improve your home? Are you struggling to afford the perfect wedding? Don’t worry – there’s a loan for that.

As expenses for weddings continue to rise, personal loan providers have found a brand new group of prospective borrowers: brides and grooms. Online lenders are marketing the loans as a way couples can spring for luxury add-ons that often make the big day more Instagram-worthy, like custom calligraphy or a stunning venue. Some of these startups have interest rates as high as 30 percent – and the number of borrowers is only increasing.

If you’ve had a wedding, how did you pay for it? Looking back, do you think it was a good investment? If you’re planning a wedding, would you ever consider a loan to afford the big day of your dreams – and who is expected to pay? Call us at 866-893-5722.

With guest host Libby Denkmann

Guest:

Liz Weston, personal finance columnist; she writes for NerdWallet and is a certified financial planner; she tweets @lizweston