Fewer weddings put on credit cards

Published on 1 January 1970 by Raffick Marday

Money-conscious couples are relying less on their credit cards when it comes to paying for their wedding, new research has shown.

The cashback website Quidco.com revealed that only one in four couples they asked said that they were funding their big day with a loans or credit cards.

By comparison, the vast majority (84 per cent) said that they were relying on savings, whilst six couples out of ten made the most of financial contributions from friends and family.

However, with the average wedding costing more than £20,000, only one in three couples bought insurance to protect their investment.

For all the faults that credit cards have, it should be remembered that the 1974 Consumer Credit Act protects anything bought on a credit card between £100 and £30,000.

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