Did you know $72 billion per year is spent on weddings? Weddings can be the most exciting (but expensive) time of your life.
Don’t let the stress of expenses get you down. In this article, you’ll learn how to save and finance that wedding dress of your dreams. Read on to discover how to finance a wedding dress.
What Are Wedding Loans?
Firstly, there’s no such thing as a wedding loan, but you can use a personal or payday loan to fund any wedding expenses. When you apply for a personal or payday loan, you can select the repayment term and how much you’d like to borrow.
Then, a loan calculator tool will show your interest rate and monthly payments. If the monthly payments are higher than you can afford, you can always extend the loan.
What Are Payday Loans?
Payday loans are loans normally for smaller amounts but have higher interest rates. When you need cash fast, some will turn to payday loans. If you’re dreaming of getting that dream dress today but don’t have the funds in your account, this could be for you.
There are many places you can apply for payday loans online and get approved within a day, sometimes hours. Normally, all you need to apply is proof of income and an active bank account. Once the payday money is placed into your account, you’ll receive a finance fee.
Don’t have great credit or possibly have no credit? Payday loans don’t usually check your credit, or affect your credit score.
For repayment of the loan, the lender will either have access to your bank account or you’ll write a post-dated check. You’ll want to make sure to pay off your loan on time since additional fees and finance charges could apply.
A payday loan is a great option if you need a smaller amount of money quickly and can pay it off within the next few weeks.
Are you ready to finance your dream wedding and dress? Make your dreams a reality, and don’t pass up on that dress you really want. Companies like mypaydayloan offer great loans for your dream wedding dress.
A short-term personal loan has a fixed repayment and interest rate. Unlike payday loans, lenders will check your credit so they could affect your credit score. If it’s an unsecured loan without collateral like say, a house, then the interest rates could be higher.
When you don’t have collateral attached to a personal loan, it’s a higher risk for the lender in case you don’t pay. When it’s a higher risk, that’s why they raise the interest rates. Also, if your credit score isn’t great, they could charge you a higher interest rate as well.
It can be easy to shop for a personal loan, but normally, you won’t get approved as quickly as you would with a payday loan. If you’re not sure about your credit score, look it up and check a lender’s minimum requirements before applying and hurting your credit.
Whether you go for a payday or personal loan, you can conveniently apply online. Along with payday and different personal loans, you can save on your wedding dress as well.
Shop on National Bridal Sale Day
The third Saturday in July is what’s known as National Bridal Sale Day if you’re looking for a great deal. Many bridal shops will extend the sale for a week, allowing to-be brides to enjoy the great deals.
You can often find better deals for dresses online than in person. Sometimes, you can find a great deal on a wedding dress that was worn for just one wedding day.
Check out a Bridal Show
Whether you’re looking for great deals on dresses or vendors, you’ll definitely want to check out a bridal show. Even if they don’t have visible discounts, if you really enjoy one vendor, you can ask them if they have any current promotions.
Choose Alterations Carefully
When you pick out your wedding dress, there will be some alterations necessary since it’s made for a general fit. Whether your dress is from a thrift store, bridal shop, or online, alterations are almost always needed.
Find a seamstress near you who’s reasonably priced and give them plenty of time for alterations. Try to not go too far on alterations, and only do what’s necessary.
Alterations can add up quickly. A payday or personal loan would be great options for financing them.
Other Items Necessary for Your Wedding Dress
Remember that it’s not just your wedding dress you’ll be picking out and thinking about financing for. You’ll also need to think about whether you’ll need a petticoat, if you’re doing your own hair and makeup or having them done professionally, plus jewelry, and a strapless bra. A petticoat is a great option to save on the seamstress having to hem the bottom of your dress.
How to Finance a Wedding Dress
While wedding dress shopping and finding the perfect dress under your budget can seem out of reach and overwhelming, it doesn’t have to be. Remember that when you’re wondering how to finance a wedding dress, there are many loan options out there, including payday and personal loans. Keep your budget, credit score, and price of your dress in mind when picking out the ideal loan for you.
Would you like to learn about raising money fast during an emergency? Check out our other articles.