If you’re experiencing legal trouble, attorney fees can be hard to get quickly. When you need a lawyer, you are often expected to pay upfront, and the fees are pricey. Financing options can often take the stress out of paying for an attorney.
If you are looking to get a loan to pay for hourly attorney fees, you have resources available. Typically, the most common types of loans that are used to pay for hourly attorney fees are often:
- Title Loans
- Personal Loans
- Credit Card Advances
Not sure what loan option is right for your financial situation? If you’re like most attorney clients, you may not know what the benefit of each option is. It is important to understand the nuances of each loan before making a decision.
What are Hourly Attorney Fees?
Attorney fees can often vary by location and the lawyer’s experience. Typically, the closer you are to the metropolitan area, the higher the hourly attorney fees. They can often vary, ranging anywhere from $100 to $400 hourly.
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When you’re in a court case, legal counsel and advice is a crucial element. There are many things you should be frugal about, but legal advice is not one of them! Choosing the right lawyer can make or break your case outcome.
Along with hourly rates, some lawyers will also charge “fixed fees”, or other work-related costs that are not covered by the hourly rate. When selecting a lawyer, be sure to ask for:
- An Estimate of Hours
- Any Fixed Fees
- Any Legal Changes that May Affect the Cost
With an hourly estimate and fees figured out, it can be easier to apply for a loan. With an appropriate cost estimate from your new lawyer, you’ll be prepared for the exact amount you’ll need to borrow.
Can I Get a Personal Loan to Pay for Hourly Attorney Fees?
Many types of traditional loans like auto loans and mortgages will require your funds to be allocated for a specific purpose. A personal loan, however, has more flexibility with where your funds can be spent. With personal loans, borrowers can use their funds to cover anything from legal expenses to home repairs. Depending on the status of your credit, you may be offered optimal interest rates that won’t break the bank.
Personal loans are often unsecured loans, meaning that they do not require a form of collateral to secure your funding. While this means your potential collateral is off the hook, it also means that your credit score is the main qualifying factor for the loan. If you have a credit score that is considered good or excellent, you may receive lower interest rates. If your credit is less than ideal or poor, your interest rates will often be higher. Or you may not even qualify for a personal loan at all.
Typically, a credit score that is considered excellent is 800-850, and good credit is considered 740-799. Anything lower than 670 is considered to be less than ideal. Personal loans can be acquired from:
- Banks: If you have an account in good standing at your bank, there is a large likelihood that you will receive more beneficial loan terms. You could obtain more funds and bypass a loan origination fee.
- Credit Unions: If your credit history is less than perfect, a credit union may be an option. Credit unions will take a closer look at your financial history as a whole instead of focusing on just your credit score. If your finances still do not qualify, you may be allowed to use an asset as collateral for a loan.
- Online Lenders: Online lenders can often be more convenient. There is no hassle of waiting at the bank! Unfortunately, many personal loan online lenders will not provide flexibility in the approval process. If your credit history does not meet the qualifications, you may be denied for a loan to pay for hourly attorney fees.
How Can a Credit Card Advance Pay for My Attorney Fees?
If you already have a credit card provider, a credit card advance may seem like the right option. With a provider, you will not have to apply for a new loan. Instead, a credit card advance will allow you to access your available credit line and turn it into cash! This can be done at most ATMS.
While this may not be the ideal way to pay for attorney fees, it could be an option if you were denied a personal loan. However, you will need available credit to obtain an advance. Often, one single credit card does not have enough available credit to entirely cover the costs of legal fees and hourly rates. If you are wondering if you can get a loan to pay for hourly attorney fees, there may be better options available to you!
Using a Title Loan to Pay for Hourly Attorney Fees
A title loan can measure up differently when it comes to flexibility and accessibility as a loan option. Since title loans are secured loans, collateral is required for loan approval. Using collateral can take the pressure off of your credit score! You do not need perfect credit to apply for a title loan.
Title loans are based upon the equity in your car and your income. The more your vehicle is worth and the more you make, the higher your loan amount can potentially be. If you need money fast and your credit score is not ideal, a ChoiceCash Title Loan could be the perfect way to get a loan to pay for hourly attorney fees. You could receive up to 75% of what your car is worth!1
While your credit is not the focus of the approval process, there are a few requirements to meet ahead of time. To qualify for a car title loan, you will need to meet these few requirements:
- Be 18 Years of Age or Older
- Have a Vehicle with Equity
- Have a Car Title in Your Name
- Be Able to Provide Proof of Income
Not sure what your car’s equity is? If you’re like many borrowers, you may not know this off of the top of your head. That’s why ChoiceCash Title Loans created a title loan calculator to do the math for you! Simply answer a few questions about your vehicle and receive a free title loan quote today.1
What Documents Will I Need to Get a Loan to Pay for Hourly Attorney Fees?
If you want to get a loan to pay for hourly attorney fees, you will need to come prepared! Like any loan, a title loan will require you to submit a few documents during the approval process. These documents can help verify your identity and speed the inquiry process right along.
For your convenience, you can submit these documents online! You can expect to need:
- Proof of Income: A title loan amount is based mostly upon your income and the value of your car. You will need to provide proof that you can afford a loan payment each month! Many future borrowers use items like bank statements and pay stubs. Some choose to use alternative forms of income like retirement statements and disability award letters as well.
- Photo ID: to prove that it is you applying for the loan, you will need to submit a government-issued photo ID. Typically, many title loan applicants will use their driver’s license or passport.
- Proof of Address: You can submit items like utility bills, recent credit card statements, or even your voter’s registration card.
- Car Title: Before submitting your car’s title, make sure that it is in your name. If it is not, you can request a title transfer at your local DMV (Department of Motor Vehicles).
Where Can I Apply for a Title Loan Online?
If you need to get a loan to pay for hourly attorney fees, it doesn’t have to be a hassle.
ChoiceCash Title Loans was designed with borrowers like you in mind! The entire approval process has been streamlined into just three simple steps.1
- Fill out a Short, Prequalifying Inquiry Form Online or Over the Phone
- Send in Your Documents
- Wait for Approval and Get Your Cash!1
Financial emergencies do not wait around. If you need cash fast to pay for attorney fees, a title loan can be the perfect solution! With ChoiceCash Title Loans, qualified borrowers can get their cash in as little as 24 hours.1