<< Most Recent Articles

UK Weddings 'forcing Brits into debt'

One in ten people would consider putting the cost of a wedding on a credit card, according to research carried out by Fool.co.uk.

A further three per cent would remortgage their property to pay for big day.

Of the 1,173 people interviewed, eight per cent would consider spending between £15,000 and £20,000 on a wedding, while 1.4 per cent would splash out over £30,000.

It also found that only five per cent of UK women would consider paying for their own wedding.

Donna Werbner, financial expert at Fool.co.uk, said: "If you stick all the costs of your wedding on a credit card, you could find your big day is memorable for all the wrong reasons - because you end up paying for it for the rest of your life."

According to the marriage advice website WeddingGuideUK.com, the average cost of a traditional church wedding in Britain is £11,000.

This figure includes £1,500 to be spent on the honeymoon.

See how much you could borrow with an unsecured loan from Lombard Direct

© Adfero Ltd

27/05/2008 09:42:42

Most Recent Articles