Re:Couples are taking out loans to pay for their weddings
by brightball on Thursday June 20, 2019 @09:35AM
(#20232749)
Honestly, more than anything I want to know how you get approved for a loan for that amount without any real security behind it?
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Re:Couples are taking out loans to pay for their weddings
by AnIdiotOnTheNet on Thursday June 20, 2019 @09:40AM
(#20232799)
Why would you assume they didn't have any real security behind it?
Re:Couples are taking out loans to pay for their weddings
by brightball on Thursday June 20, 2019 @10:03AM
(#20233015)
Because the poster said they took out a $150,000 loan for a wedding.
If they borrowed it against an asset, fine...but no bank is going to approve a loan for that amount for “a wedding”.
The main point I was getting at was that the scenario isn’t likely to be a pattern among people.
Re:Couples are taking out loans to pay for their weddings
by pwinnski on Thursday June 20, 2019 @04:25PM
(#20236970)
If I took out a home equity loan in order to do X, I would say that I borrowed money for X, not that I borrowed money for X using a home equity loan.
Taking out a $150,000 loan for a wedding describes the purpose of the loan, not the collateral.