UK Money News
23rd May 2008
Brits unfazed by debt when paying for weddings
Many Britons are prepared to go take on heavy debts to finance their wedding, despite the current economic climate.
Price comparison site Fool.co.uk conducted an online poll of over 1,000 adults to assess how they intend to pay for their wedding.
It was revealed that one in ten of those surveyed would take out a personal loan or pay for the whole day on a credit card.
A further three per cent plan to take out a second loan or remortgage to cover the costs.
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.
"There's no doubt weddings are becoming more expensive, but people seem to lose all sense of proportion when it comes to budgeting."
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