A personal loan can be a powerful tool for helping you get control of your finances, when used responsibly. What you use your personal loan for is completely up to you. There are some reasons you shouldn’t use personal loans, but there’s one in particular that is huge. According to many experts, you should never use a personal loan for a lavish wedding. That’s right! It’s considered the most unnecessary reason to take out a personal loan.

It’s something that lasts for a short period of time therefore the spending purpose is unjustified. You’re also entering into your marriage with debt instead of entering with the ability to save for retirement or other emergencies. Other poor reasons to take a personal loan include buying consumer goods and going on vacation.

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