For many brides and grooms to be and their parents, weddings represent some of the most joyous occasions. But weddings can be crazy-expensive. Some weddings cost as much as a car or a down payment on a house. You may not plan to splash out so extravagantly but you may still have trouble meeting the expenses of florists, caterers, reception halls and musicians – not to mention the attire for the wedding party, including the all-important bridal gown. It’s no wonder that wedding loans often come into the picture. There are several different sources for wedding loans, each with both pros and cons. For many borrowers, LoanNow is the best option for wedding loans.
Many weddings are planned months, if not years in advance. For borrowers seeking wedding loans from banks, this is a fortunate occurrence, because banks often require weeks to process loan applications. For formal weddings in a place of worship or reception hall – that’s no problem. But wedding loans aren’t really an option for couples operating on a short time line. Likewise, borrowers with less than ideal credit may experience frustration when attempting to obtain wedding loans from a bank, even if they apply months before the funds are needed.
In one respect, peer-to-peer lenders represent an ideal source for wedding loans. That’s because prospective borrowers must post extensive profiles that contain personal as well as financial information to attract potential lenders. Attractive couples seeking wedding loans could potentially do well in such an environment, especially if they have a sympathetic back story – such as one or both partners serving in the military. However, peer-to-peer lenders routinely screen out potential borrowers with FICO scores lower than the mid-600 range, which excludes many would-be borrowers.
Online Lending Brokers
For borrowers with good or excellent credit, online lending brokers represent a potentially appealing source for wedding loans. That’s because the brokers act as an intermediary between borrowers and a select group of lenders. Applicants with desirable financial profiles often draw several loan offers with very competitive interest rates and repayment terms. However, borrowers with less lofty FICO scores frequently receive a single loan offer, while borrowers with marginal credit often receive none.
LoanNow provides personal loans for reasons ranging from wedding loans to emergency medical care. If your credit is less than perfect, you may still be approved. At LoanNow, you’re more than just your FICO score. Because we’re a direct lender, we don’t share your personal and financial information with third parties. And our A+ rating with the Better Business Bureau lets you know you can borrow with confidence. Let LoanNow provide the money you need – without the wait!