Secured loans 'can be used to pay for wedding'
06/08/2008People looking to get married can take out a secured loan to make their dream wedding day a reality, it has been claimed.
According to the Thrifty Scot, getting a loan to finance nuptials can be fairly easy - the hard part is working out how much money is actually needed.
The company advised that couples draw up a list of all the features they require on their big day and accumulate a total cost.
It then stated that husbands and wives-to-be should scour the market to look for the loans with the best interest rates.
"For a secured loan you need to have some sort of collateral, such as a car or a home. You will have a better chance of obtaining a higher amount of loan if you have collateral," the company remarked.
Earlier this week, the Thrifty Scot stated that lenders are more likely to give better interest deals should a homeowner put up their property as collateral.
 © Adfero Ltd
<< Back to News page
|