When it's time for you look for local businesses to help you with your wedding, take a look at our advertisements below. Most will have links to their own websites. These advertisements are updated regularly so please revisit often and mention Your North East Wedding when making any enquiries.
Still feeling the pinch even though Christmas is nothing more than a distant memory? The struggle is real, especially when you add saving for your wedding to the equation. What's more, recent statistics from FairMoney.com reveal the North East is far from free of its financial woes this year...
That's right – the North East's available balance is the lowest in the UK, with the region forced to survive on £117 less in available balances than the national average.
The statistics continue, with the North East ideally needing £30 extra per month just to cover their monthly expenditure. Twenty four per cent have less than £10 in available balance at the end of the month once all bills, debts, and living costs have left their account – which doesn't say a lot for saving for your big day!
Twenty two per cent of us have already contacted a payday lender, used a loan facility or credit card in January for £11-20, while 11% in the North East said that if they don't borrow £301-400 soon, they would be on the cusp or have already started receiving formal threats from their lender.
Dr. Roger Gewolb, Executive Chairman and Founder of FairMoney, has responded to the research: “With credit card and utility bills to pay before many of us feel more financially comfortable, consumers need access to fair finance to help tread water amidst this difficult period. With such pressure, it's not surprising that consumers turn to payday lenders and credit cards to battle the financial burden.
"Payday loan providers have their place in society for cash-strapped Brits, but most people have been abandoned by poor lending practices that stem from the financial crash of 2008. We're over a decade on – things need to have changed. Millions of people are being pushed to extortion at the hands of high-interest credit options – one of the biggest atrocities to affect UK society. We must protect our communities and consumers, reprimand bad lenders and strive for borrowing practices that are fair for all.”
For more information visit www.fairmoney.com