Wedded to debt
Article Category: Debt Management Help and Advice
Loved-up couples walking up the aisle will be taking on more than a lifetime of wedded bliss if research undertaken by Sainsbury’s Finance is anything to go by.
With thousands of women looking to take advantage of the leap year to propose in traditional fashion, Sainsbury’s estimates that as many as 123,500 personal loans worth around £1.16 billion will be taken out during 2008 to help pay for weddings.
The average size of a personal loan taken out with the lender to help fund a wedding is £9,363.
Weddings are now big business in the UK with the average, according to website weddingguideuk.com, costing £11,000.
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