3 ms·

I know a couple who did this. The loan outlived the marriage.

• radcon 7y ago
  Any couple that decides to borrow money for a party probably isn't going to make it very far in life.
• phpnode 7y ago
  This is amazingly common unfortunately
• bilbo0s 7y ago
  I don't know anyone who took out a loan for a wedding. But I do know a woman, and there must be more of them out there, who took out a loan to pay a lawyer for a divorce. She said she thought it was a good idea, because the amount that she got in the settlement, was more than the amount of the loan. Even when the lawyers took their portion of the settlement too, she figured she was coming out ahead. It only occurred to her later that the settlement was a one time thing, but the loan she had to pay interest on. I'm pretty sure her ex had done the same thing, because they both talk to us about those payments. So essentially, these two completely destroyed their marital wealth just to get lawyers. I don't know man? I think it'd be worth just sitting down together and working something out, but I guess a lot of people don't think that way. But here's the kicker that occurred to me reading this article, just imagine the people that take out loans for the wedding, and the divorce. Ouch.