Wedding day 'can be paid for with loans'

Couples arranging their wedding day could find that a secured loan helps make their dream marriage come true, according to a personal finance website.

The Thrifty Scot has stated that borrowing money can be easy and that it is often working out how much is needed that can be difficult.

In order to make the process easier, the group has advised people to draw up a list of exactly what it is they require for their big day and then research the market for a good rate of repayment.

"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," commented the Thrifty Scot.

The company earlier this week said that lenders are more likely to be granted attractive interest rates on loans should property be used as collateral.



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