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Honestly, more than anything I want to know how you get approved for a loan for that amount without any real security behind it?

• AnIdiotOnTheNet 7y ago
  Why would you assume they didn't have any real security behind it?
  • brightball 7y ago
    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.
    • pwinnski 7y ago
      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.