The search for a soul mate and life partner can often be a long and arduous journey, and before you stumble across ‘the one’, you will undoubtedly kiss a few frogs, and encounter a number of weird and less than wonderful characters. Upon meeting that special someone, all of this bother is resigned to the past however, and following a period of courting and dating, the time will eventually come to start thinking about the big day.
Weddings: magical but expensive
Now it goes without saying that your wedding day will be one of the most important, if not the most important, days of your life for both you and your partner. Unfortunately such importance comes at a high price, and as any married couple will tell you with a wince, your wedding day will also be one of the most expensive days of your life too, what with the average wedding in the UK costing in excess of £18,000. It is all too easy to get swept up in a whirlwind of excitement, expectation, and pressure, and so much does it matter to make the big day perfect that love will almost always override financial prudence.
Keeping your big day in budget
So financially speaking, the big two tasks for a soon to be married couple is to firstly keep a lid on costs by keeping expectations realistic, to prevent costs from spiralling out of control. Secondly is the small matter of funding it! It is quite feasible to budget carefully for a wedding and plan out a day which is memorable for all the right reasons, and still keep the cost far below the £18,000 average. However there is no escaping the fact that a wedding will cost you somewhere in the thousands, and if you like many others do not have that kind of money to hand, you will no doubt opt to borrow in order to cover the costs of your wedding.
What is a guarantor loan?
If you have a less than perfect credit score and are unable to secure credit from a mainstream lender, why not consider a guarantor loan as a means for paying for your wedding day? Guarantor loans, a traditional form of trust based lending, are an increasingly popular form of acquiring much needed credit. You can borrow anywhere between £1000 and £7,500 over a 1 to 5 year period (depending on the amount borrowed), even if you have less than perfect credit. And with rates of interest fixed at 47.9% APR for a £3000 guarantor loan over 3 years, repayments can be made which are both convenient and affordable.
You will need to find a suitable guarantor to support your application and co-sign your loan agreement once it has been processed. This is in line with the trust based nature of guarantor lending, and it is a promise that the guarantor will only be contacted and asked to make repayments if you can’t. Anybody, aside your husband or bride to be can act as your guarantor, provided they are a homeowner, earn a sufficient income to potentially cover repayment costs, and have a good credit history.