My Wedding Loans reviews are hard to find online. The Better Business Bureau doesn’t have any information on My Wedding Loans. Nor does the Consumer Financial Protection Bureau. So it’s very difficult to tell if they’re a legitimate business or not. Their website – myweddingloans.com – is secure, though, and you can find some useful information there.
My Wedding Loans says they offer loans of up to $40,000 with APRs starting at 6.99% and payoff periods of up to 5 years. However, they don’t list a maximum APR anywhere on their website, which is concerning. When a lender doesn’t clearly disclose their maximum terms, that could mean they’re very expensive. There isn’t any information about potential fees on the website, either.
Although My Wedding Loans claims to offer loans to people with bad credit, and allows prospective borrowers to check for pre-approval with a tool on their website, there’s just too little reputable information available about My Wedding Loans to trust them.
The best lenders for bad-credit wedding loans include FreedomPlus, Avant and LendingPoint. All three are completely upfront about their terms, which should help make your borrowing less stressful. However, people with poor credit scores may also want to consider not borrowing a lot of money for their wedding. Your credit score will be damaged further by the extra debt load, and the rates you’d get are likely to be pretty expensive.
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