If youâre getting married, thereâs so much to think about and to organise: dress and suits, venue, cars, cake, photographer, stationery, reception meal, evening party, the list just seems to go on. To have a wedding youâve always wanted can cost several thousands of pounds and few people have this kind of money lying around in a savings account. The only answer in many cases is to consider trying to borrow the money.
If you own your own home and have built up a considerable sum of equity in the property, you may have the option of a further advance on your mortgage or a secured loan but as a tenant, this will not be possible as you do not have the collateral on which you can guarantee the finance.
In this case, you need to consider the unsecured loan options that may include, unsecured loans for tenants, tenant loans, credit cards, catalogues etc. Each may have very different criteria on which to base the decision as to whether to lend you the money you need and each may have significantly different rates of interest to charge. Credit cards are typically a means of raising short and very short term finance cheaply. However, if you do not pay off the balance relatively quickly, you may face a considerable sum of interest to pay off over the longer term. Typical interest rates for credit cards are around 15% or more.
Often a cheaper option, unsecured loans for tenants and tenant loans, may provide the finance you need over a fixed term. The APR can often be much lower than with a credit card provider which can make them much more attractive. To take out a loan of this type, you will need to find a suitable lender willing to take you on. There are many lenders out there but not every one is the same. Each one may specialise in specific types of loans or on specific types of customers. You need to find the right one and this is where the services of a good finance broker will help.
To find one of these, simply go online and when you are satisfied you have made a suitable choice, simply complete the online enquiry form and a loan consultant will be in touch with you within a few minutes. They will help you with your application and provide a decision in principle in minutes. A broker has access to a wide selection of lenders and dependent on your circumstances, they will help you to pick out the ones that may offer you the best deal to suit you.
A written credit agreement will come out in the post for you to complete, sign and return. Once youâve done this, you should get a definitive answer in a day or so of receipt by the broker. The money could be with you in a week or two from the very start of the process to the end which means that you could be getting on with organising that wonderful wedding as opposed to worrying about where you are going to get the finance from. Think about raising the finance with unsecured loans for tenants and tenant loans and enjoy your big day!
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Andy Silk is FinanceGuru for FeelGoodLoans.co.uk, specialists in unsecured tenant loans, loans and mortgages for UK homeowners and business owners.This article is free for republishing
Source: http://www.articlealley.com/article_167185_19.html
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