Obtaining a personal loan for legal fees and unexpected expenses is common when you’re in legal trouble. Legal fees vary and can depend mostly on the type of legal and financial trouble you are facing. This article provides you with possible options and what you need to know before making your choice of legal lender.
Many financial lenders can get you approved for a loan in as little as 24 hours. They are known as “emergency lenders.” While their interest rates can be high, they do offer fast access to cash. Many lenders do not require that you own property to qualify or that you put up collateral. All of the lenders however do require some level of credit worthiness.
The pawn business dates back to ancient Rome. Today, there are over fourteen thousand pawnbrokers nationwide. Last year pawnbrokers transacted over thirty-five million loans. Pawning has long been a source of capital for people in times of need. Pawnbrokers lend money on items of value ranging from gold and diamond jewelry to musical instruments. Typically, loans are paid out at a rate of about one-third to one-half of the price the broker can expect to receive for the sale of the property.
Every day thousands of vehicles are converted to cash. A car-broker evaluates the value of your car with the intent of reselling to a consumer or another car dealer. Caution must be taken. Most car-brokers purchase cars for less than wholesale blue book value. While car-brokers are expensive to do business with, they can come up with the cash fast.
These businesses provide fast short term cash at high interest rates. Learn the details of how these consumer lenders work and how you can calculate fees and interest. PayDelay loans have their own niche markets and you need to check their interest rate, and terms and conditions.
Most life insurance policies contain a present cash value and that is what you are borrowing against. If you qualify, you may be able to cash-out of your insurance policy depending on accumulated the value the policy by way of premium payments. Your life insurance policy is an assignable legal instrument that means you can sell your policy in exchange for up-front cash. The buyer of the policy receives the death benefit in exchange for the cash you receive and will continue making your premium payments until your death.
Paid Legal Services
Prepaid plans is a legal insurance plan offered by different legal services organizations and marketed employers, labor unions, credit unions, department stores, credit card companies. Most prepaid legal plans charge a low yearly initiation fee and sometimes as low as a $100. plans Most plans cover divorce, bankruptcy, and drunk driving defense. There are no pre-existing matters or claims. If the matter is covered within the governing terms and conditions of the policy, the policy will be honored.
If you suffered a personal injury, you may be able to obtain a loan against the expected recovery in your personal injury case. Assuming of course, the defendant in the case is legally responsible for your injuries and there is sufficient insurance to cover the economic and general damages your lawyer is claiming.