Emergency Lenders – Loans For Legal Fees – Unexpected Expenses

45042548_mObtaining 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. In criminal matters, for example, representation for a felony is more expensive than for a misdemeanor. Typically, highly qualified attorneys with substantial trial experience will cost more than those that don’t. This article provides you with some options and what you need to know before making your choice of lending options.

Consumer Lenders

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.

 

Pawnbrokers

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.

 

Car Title Loans

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.

 

Cash Advance Pay Day Loans

These businesses provide fast short term cash at high interest rates. Learn the details of how these lenders work and how to calculate fees and interest.

 

Life Insurance Cash-Out Services

Most life insurance policies contain a present cash values. This means if you qualify you can cash-out of your insurance policy depending on the value you have accumulated over time in 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.

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