How to Get a Loan to Pay for a Wedding

Series Summary

Like all debt instruments, a loan involves the redistribution of financial assets over time, between the lender and the borrower. The borrower initially receives an amount of money from the lender, which they pay back in regular installments, to the lender. This service is generally provided at a cost, referred to as interest on the debt. Acting as a provider of loans is one of the principal tasks for financial institutions. In this free video series, a bank manager and financial consultant provides advice on getting loans and boosting a credit score. Discover how to get a loan to pay for a wedding, how to calculate a loan payment and how to stop payday loan harassment. Learn about credit scores as well, how credit scores are calculated and how a credit score can be raised. Get money in order with these personal finance tips!

Video Transcript

"Getting married, and don't know how you're going to pay for it? Hi, I'm Carrie Kukuda, The Someday Coach, and I'm going to give you some tips on how to pay for your wedding. First, I would hit up on your family and friends. They're always a good place to start. But if that's not possible there is some places that you can go. There's the cash advantage stores that you can go to. The paydays are short term, so typically you can't use them, but there is some cash advances if you need something quick near the end or just a little bit of money. But you also can apply with your personal for a personal loan. You can shop around for it, but sometimes you'll get a little bit better of a rate with your financial institution that you currently are with right now. They already know how you manage your money, and maybe their rates will be a little bit better. Sometimes a credit union'll be good for that also, so don't leave them out of the puzzle for that. You can also use your credit cards. Just manage it well. I mean, you can get over extended on them, and you want to be able to make sure you can pay your minimum balances on them, so use a credit card as a last result. But you also can think of what you can do is you can use your credit card, and then when you get paid from all your guests you can take that money and put it back onto your credit card and pay it down. So, just some ideas for those that are thinking about getting married. Again, Carrie Kukuda. Thank you."