How To Get Your Credit Ready for the Wedding and Big Day

Many Couples are faced with the problem of lack of money needed when it comes to their big day. The accessories for the bride, grooms suit to inviting a wedding photographer and videographer, order the car and pay the full registration of the actual marriage.

Many are ready to tackle the problem of money themselves.

In most cases, young’s earning is very little, of course there is, always some exceptions:  But, one way or another, for a beautiful wedding, you will need to wait a year or two, to be able to save money and then plan a wedding to really remember for the rest of your life! Waiting really long for the wedding is not always possible because of many reasons: Some can’t wait if they are not living together, others just want to get married and move on with their lives.

Woman Holding White and Pink Roses Bouquet

So if you truly ready to a tie-the-knot and feel like you are ready for marriage, but have little to no money and your money is not enough to organize your big day, lets take a look at two other options that are open to you.


Option number one is Traditional consumer credit, which you can spend on the wedding or something else.


Consumer loans are granted by many banks. Some of them will ask you to confirm the purpose of your use of their credits and others may not need it. Some banks, have a mandatory rule of surety; in this case most common interest rate for the use of the loan will be slightly lower.

Couple Standing Near Red Classic Monte Carlo

Most often the final percentage of consumer credit, which you will need to pay back to the bank, consists of several parts.

* The very interest rate – most often from 11% a year or more (depending on the size of the remaining interest, as described below).

* Percentage for the conduct of credit (loan account) – are zero, but most often is for consumer loans 1-1.3% in the month of the balance of the principal debt in months.

There is a one  offcommission that some banks will charge you. Most often this commission for the issuance of the loan – usually equal to about 1%, but sometimes the commission is missing. Some banks also pay consideration of applications for credit. There are also annual payments unrelated to the bank. Most often, the life insurance, work, etc. In the amount of 0.5-1% a year from the required loan amount, depending on your health status and age. Incidentally, if you have any health problems, the insurance company will send you to mandatory testing, to tell you the exact amount of insurance you will need to pay.

The term of a consumer loan often is for 1-3 years, while monthly payments would equal the entire period of credit.


Option number two is Special offers from banks at weddings.

adult, affection, beautiful

A small number of banks have special rates for newlyweds. If you decide to provide documents to prove your intention to marry, you can get a loan. Typically, these loans and the rates area a little lower and the period of the loan may be longer, and may allow for early payment immediately (Couples may choose to repay the loan from the money that are given by some guests).

But, once again I must specify that such programs, despite the fact that there have recently many banks still do not enjoy the same popularity and prevalence of conventional consumer loans.


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Rachael Aprill Phillips is a freelance writer and the founder of Rachael Academy. You can find out more about her work on

3 thoughts on “How To Get Your Credit Ready for the Wedding and Big Day

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