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1 in 4 'take out wedding loans'

By Wesleyan

Almost one in four people (23 per cent) take out loans to fund their civil partnership or dream wedding day, according to new research.

The price of love comes high, however, the data suggests.

The average couple secures loans of £3,800 rather than trying to save towards tying the knot, the Debt Advisory Centre found.

The poll showed that nearly one in three couples (29 per cent) are still paying their wedding debts back six years after the big day.

Younger couples were the most common borrowers.

More than six in 10 (65 per cent) partners aged between 18 and 25 went into debt to finance their wedding.

Regret is a big factor in the aftermath as the financial hangover kicks in, with 47 per cent of partners who borrowed cash admitting 'we wish we hadn't', or at least 'we should have borrowed less'.

Copyright Press Association 2015

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