What is a Wedding Loan?
Many people take out personal loans in order to cover the costs of their wedding. Whether you use the money to pay for the location, the catering, or even the wedding dress, a personal loan can be a great way to increase the amount of money you can spend toward your dream wedding.
Is a Wedding Loan a Smart Idea?
When you are preparing for your ideal wedding, the number one concern many couples and their families have is the cost. A wedding can be one of the most expensive (and happy) days of anyone's life -- that's why most people tend to splurge to create the perfect wedding ceremony and rehearsal. By taking out a personal loan for your wedding, you are guaranteeing you have the money you need to cover specific costs on the day of your wedding without breaking the bank. Then, you can pay the loan back over a time you feel comfortable with.
Should You Worry About Your Credit Score?
The simple answer: no.
With a personal loan from a lender like Atlas Credit, you don't have to worry one bit when it comes to financing costs of your wedding with a loan. When we evaluate borrowers, we are incredibly lenient on credit scores. Whether you have good credit, bad credit, or no credit at all, you can qualify for a quick and easy personal loan with zero hassle.
Will I Have to Put Up Collateral?
Personal loans through Atlas Credit are typically unsecured loans, meaning you won't have to put up your car, your home, or any other collateral toward the loan. All you have to do to qualify is demonstrate gainful employment and the ability to pay back the loan.
When you decide how much you want to pay back each month and the term of the loan repayment, you will have more flexibility than you would through a traditional lender like a bank or credit union.
Alternatives to Wedding Loans
If you choose not to go the personal loan route, you can always rely on one thing the Atlas Credit blog loves to remind its readers to have: a savings account. From the moment you propose to your significant other and they say yes, you should be saving.
With a proper savings account in place that you put money into after every paycheck, you should be able to afford a considerable sum of your ideal wedding's costs. However, if you supplement with both your savings and a personal loan, you may be able to allocate even more funds toward the planning or even use the extra money on your honeymoon!
Ready to Take Out a Personal Loan for Your Wedding?
If you have considered all your options and think taking out a personal loan for your wedding is a great idea, Atlas Credit is here for you. Simply apply online through our convenient online personal loan application form or find your nearest Atlas Credit location in Longview, Austin, Dallas, Waco, Tyler, Houston, or elsewhere in the state of Texas.
And most of all, the Atlas Credit team wants to congratulate you on your upcoming wedding!