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About Finance Guy
Expertise
1. All questions relating to finance 2. All practical aspects of mergers and acquisitions 3. Many general business questions

Experience
Considerable experience in the area consisting of 25 years in both consumer and commercial finance and business management, including 15 years specializing in international Mergers and Acquisitions with over $100 billion in assets acquired Education/Credentials Business administration undergrad Wharton post grad in finance Awards and Honors numerous corporate awards Past/Present clients range from small enterprenurial companies to large multinationals
 
   

You are here:  Experts > Business > Small Business: Canada > Financing -- Loans > Wedding Loans

Financing -- Loans - Wedding Loans


Expert: Finance Guy - 1/5/2009

Question
I am 19 and my fiance is 20, neither of us have a credit score and we would like to begin planning our wedding and perhaps obtain a loan to pay for it all. My fiance is planning on going to med school will this have an effect of our loan or the loan he may have to get to go to med school? And how are we supposed to obtain a credit score and loan? Or is a loan not a feasible option?

Answer
Medical school is actually a good thing, banks loan to med students based on potential earnings after completion of school.

However, that won't be taken into account yet, as he is not even in med school.

How to build a credit rating?

http://letmegooglethatforyou.com/?q=How+to+build+a+credit+rating

A loan is possible, you will need to talk to your bank (or your parents or parents in law's bank).

Other ideas, Pell grants or loans, individual school programs, work/study programs, etc.

Good luck to you.  

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