Recent research conducted by BadCredit.org showed that an estimated 4,444 couples in Delaware will not be tying the knot this summer due to poor credit. They surveyed more than 3,000 couples and discovered that many say they have been forced to postpone or cancel their wedding plans entirely due to financial constraints, particularly those stemming from inadequate credit scores.
Personal loans have traditionally been a popular method to finance weddings. However, couples with subprime credit often find themselves ineligible for such borrowing opportunities according to the study.
Even those who aren’t reliant on loans grapple with other financial hardships that make the costs associated with weddings difficult to manage. With inflation and mounting costs adding to the pressures, many couples are reconsidering their options.