Image by Audre Rae Photography. See more of this real wedding here
Although the average cost of a wedding has dropped down to $22,500 thanks to the pandemic (from $28,000 in 2019), there’s no denying that weddings are expensive. If you just got engaged and you’re trying to figure out how to pay for your special day, don’t stress just yet. While we recommend saving before your wedding as much as possible, we know that this isn’t always an option. 
Financing your wedding is a possibility but before you dive into the world of wedding loans, there are a few things that you should know. That’s why we’re breaking down how wedding loans work, the pros and cons, how to go about getting one, and alternatives for couples who aren’t looking to go into debt. How Do Wedding Loans Work"
First things first, it’s important to know that technically wedding loans don’t exist. What we’re referring to when we talk about wedding loans is a personal loan that you then use for your wedding. This is the most common type of loan taken out and can range from $1,000 to $100,000. It’s a big range. Once the money has been deposited into your accounts, the lender doesn’t actually care how you choose to use it, whether it’s for your venue, your honeymoon, or your reception.
The other less common type of loan to consider is a home equity line of credit (HELOC). If you own a home, you can use it as collateral and then ...