It generally does not cost a lot of money to obtain a marriage license from the county and state. You may be able to exchange marriage vows for very little cash out of pocket. As inexpensive as it is to get married, it tends to be costlier when you want to end your union. Hiring a lawyer or going to court could cost thousands of dollars. Even if your case is simple and straightforward, you still may need to know your options for divorce financing.
Your first option could be to charge everything to a credit card. You can put the fees for retaining an attorney, filing paperwork, and more on a card that has plenty of credit available on it. While you face paying interest, you also might pay down what you owe for the case little by little without bankrupting your checking or savings account. You also could ask the court to include it in the judgment if you are asking for legal expenses and more to be covered.
The interest on credit cards can be high, however. A lower interest suggestion could involve applying for a personal loan from a bank. While you get a lower rate of interest, you likewise have to go through the application process, which itself involves having your own credit score scrutinized. A low score means you probably will get turned down and need another way to get the money.
Some people might suggest that it would make sense for you to use assets that you own to acquire the money you require to file your case. For example, you could liquidate an extra car that you have in your possession. As long as the car has a clear title, you could sell it and use the cash to put toward your legal costs.
Still, equity loans are decided quickly and backed by the equity value in your home. You may have the funds deposited in your account in a matter of days. This prompt processing means that you can retain your counsel and get the proverbial ball rolling on your case. You would need to remember to make payments or ask for the judge to award fulfillment of the loan if you want to avoid foreclosure.
Finally, if your finances are poor and you do not own a house or free and clear car, you may just ask the law firm for a payment arrangement. You might need to pay the retainer fee up front. After that, you might be able to make payments on your account until the case is settled or the judge awards you legal expenses in the judgment.
When the IRS issues your refund, it will mail it to your attorney instead direct depositing it in your bank account. Your lawyer would then give you the remainder of the refund after your expenses are settled with the firm. This strategy might work best for low-income clients or people who cannot save up or get the funds they need to file.
These options for financing your divorce are available to you. You can decide which one suits your needs and what ones you can afford. You do not need to be rich to file for the end of your marriage in court. You may have to liquidate or use assets for collateral. Even so, the judge might award you damages in the settlement of the case.
Your first option could be to charge everything to a credit card. You can put the fees for retaining an attorney, filing paperwork, and more on a card that has plenty of credit available on it. While you face paying interest, you also might pay down what you owe for the case little by little without bankrupting your checking or savings account. You also could ask the court to include it in the judgment if you are asking for legal expenses and more to be covered.
The interest on credit cards can be high, however. A lower interest suggestion could involve applying for a personal loan from a bank. While you get a lower rate of interest, you likewise have to go through the application process, which itself involves having your own credit score scrutinized. A low score means you probably will get turned down and need another way to get the money.
Some people might suggest that it would make sense for you to use assets that you own to acquire the money you require to file your case. For example, you could liquidate an extra car that you have in your possession. As long as the car has a clear title, you could sell it and use the cash to put toward your legal costs.
Still, equity loans are decided quickly and backed by the equity value in your home. You may have the funds deposited in your account in a matter of days. This prompt processing means that you can retain your counsel and get the proverbial ball rolling on your case. You would need to remember to make payments or ask for the judge to award fulfillment of the loan if you want to avoid foreclosure.
Finally, if your finances are poor and you do not own a house or free and clear car, you may just ask the law firm for a payment arrangement. You might need to pay the retainer fee up front. After that, you might be able to make payments on your account until the case is settled or the judge awards you legal expenses in the judgment.
When the IRS issues your refund, it will mail it to your attorney instead direct depositing it in your bank account. Your lawyer would then give you the remainder of the refund after your expenses are settled with the firm. This strategy might work best for low-income clients or people who cannot save up or get the funds they need to file.
These options for financing your divorce are available to you. You can decide which one suits your needs and what ones you can afford. You do not need to be rich to file for the end of your marriage in court. You may have to liquidate or use assets for collateral. Even so, the judge might award you damages in the settlement of the case.
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