The Money Mustache Community
Around the Internet => Antimustachian Wall of Shame and Comedy => Topic started by: jprince7827 on August 08, 2014, 07:18:03 AM
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http://www.weddinglender.com/
I didn't think anybody could be that stupid.
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Yeah, we all kind of saw this coming, didn't we?
It's such a bad idea that I wouldn't even want to be on the lending side of that transaction.
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So the 'check your rate' button redirects to Lending Club or a company called Trusted Installment Loans depending on your credit score . . . looks like you really could be on the lending side of that equation!
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Whoever made this site is brilliant. It just redirects to lendingclub with an affiliate ID, so they get paid $ each time someone signs up & even more $$$ when they get funded for a loan.
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Whoever made this site is brilliant. It just redirects to lendingclub with an affiliate ID, so they get paid $ each time someone signs up & even more $$$ when they get funded for a loan.
Yeah one of my roommates makes sites like that... he calls them "shopping portals".
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I wonder what the divorce rate is amongst couples who finance their dream weddings.
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Starting at 6.73%! I wonder what it goes up to.
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Starting at 6.73%! I wonder what it goes up to.
According to the site:
Apply for a low APR wedding loan with fixed interest rates of just 6.73% to 35.36% and select either a 3 or 5 year repayment period.
yikes! Those rates go well above most states' usury limits, so even on the lending side this seems awfully risky...
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How? What? 35.36%%??? That's the most insane thing I have ever heard.
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Lovely. People can't afford to purchase a ring themselves, but they can somehow afford up to $1197.82 per month on a $35,000 loan at 35.36% over five years.
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"Get an engagement ring loan up to $35,000"
:/
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The next booming business, people have been borrowing for weddings for many years, it' sad but true.
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As a young couple who are paying for our own wedding in cash, this site makes my stomach churn a bit. I feel like if you're not a very responsible couple already, this site is a nice way to start f***ing your finances over before you've even purchased a house. This site just reassures people that financing a wedding is normal, logical, and widely accepted.
Blrgggggggggggggggggggggggggggggggggggggggggggg.
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I got all excited thinking it was some new cheap company who you could borrow all kinds of wedding props from when I saw the title of the thread. Never mind :(
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Finally the thing that drove up suicide rates in India has come stateside. Progress! Financial innovation!