The services of an attorney can be expensive, and there are often several fees attached to them. One of these fees is known as a retainer, which is a fee that is made for future services. A retainer fee is for the hours that the attorney will work and is often a deposit or lump sum that you must pay in advance.
If you are like most people that are seeking legal counsel, you may not have this money upfront. You might be searching online for the “easiest ways to pay for the retainer fee for my attorney” if you are short on cash.
This is a common financial issue that many find themselves in if they need to pay retainer fees since they often cost thousands of dollars. Fortunately, loan options do exist! ChoiceCash Title Loans is one option to consider if you are struggling to pay for the retainer fee for your attorney.1
How Does a Retainer Fee Work?
A retainer fee can often be considered future compensation for an attorney. Using their services means you are using his or her name, reputation, and expertise. Often, an attorney can have leverage by notoriety in the courtroom, and the use of their name in legal counsel is important.
A retainer fee is paid upfront, and it will cover the cost of securing the attorney’s time as an advisor and counselor. The attorney must place that money into a trust account, and the retainer fee will act as a contract between the attorney and client.
While not all attorneys will require a retainer, it is very common among divorce lawyers and family lawyers, as those cases tend to take the most time in court. Typically, you can expect a retainer fee to cost anywhere from $3,000-$5,000 depending on your area. The closer you are to a metropolitan area, the more you can expect to pay. Some local lawyers will only charge $1,000 for a retainer fee. The retainer fee can vary depending on these factors:
- The Complexity of Your Case
- The Area the Lawyer is Located
- The Lawyer’s Experience
These fees can often be expensive and not in anyone’s budget. But, if you need legal counsel, then they are necessary!
What Loans Can Help Pay for the Retainer Fee for My Attorney?
Many loans were created to help borrowers like you in these types of situations. Unexpected expenses can throw off your budget, and a retainer fee is often too expensive to plan for. While there are many different types of loan options that exist, not all of them are created equal! Choosing the right loan for your financial situation can help your wallet in the long run.
If you are confident with your credit history, a personal loan can be the right financial tool to pay for the retainer fee for your attorney. Personal loans are often unsecured and rely on a borrower’s credit history and income during the approval process. The better your credit is and the higher your income, the better your interest rates will be. Your loan amount is also determined by your credit and income with a personal loan! Personal loans do not require collateral, so you will need good credit to be approved for a loan. Good credit is typically a credit score of 640 and above! You can obtain a personal loan through:
- A Bank
- A Credit Union
- An Online Lender
If you are not confident with your credit history, however, you may not receive optimal interest rates through a personal loan. In fact, you may not even be eligible for an unsecured personal loan if you have a bad credit history! You might be thinking, “is a personal loan an option to help pay for the retainer fee for my attorney?” But ifyour credit is not up to par, you may have to consider other alternatives.
Credit Card Cash Advances
If you can’t get approved for a personal loan, you may have another option. A credit card cash advance will allow you to access your available credit and turn it into cash! This method of payment allows you to access a credit card you already have, which bypasses the need to apply for a new loan.
An attorney may accept a credit card as a form of payment, but a cash advance from a credit card is often preferred. A credit card cash advance is only a good idea if you have an available credit line that can cover the entire retainer fee, and your interest is low. If the interest is high, it can be tough to repay an entire retainer fee.
Can a Title Loan Help Pay for the Retainer Fee for My Attorney?
If you have a paid-off or close-to-paid-off vehicle, a title loan could be the right way to pay for a retainer fee. Personal loans and credit card advances are often not enough to cover the cost of the entire retainer fee, so you’ll need a loan that can be a one-stop-shop! Title loans can often be anywhere from 25%-75% of your vehicle’s value. Depending on the value of your car and your income, you could receive a large amount! The more your car is worth and the higher your income is, the more you can potentially receive through a title loan.
Title loans are also not like traditional loans in terms of flexibility during the approval process. Instead of relying on just your credit history for loan approval and your loan amount, your vehicle and income will be the focus of the approval process. Even if you are not confident with your credit history, you could still apply for a title loan! Borrowers from all financial backgrounds can potentially get the funds they need from a title loan.1
With a car title loan, you are accessing your car’s value by using the title of your vehicle as collateral for the loan. This can be an efficient way to pay a retainer fee for your attorney!
What are the Benefits of a Title Loan?
While you may be searching for the right way to pay the retainer fee for your attorney, you might not have thought about the other aspects of a loan. Title loans can offer more than just cash to pay for your attorney fees!
Take a look at some of the benefits you can take advantage of when you are approved for a ChoiceCash Title Loan:
- A Fast and Flexible Approval Process: When you need legal counsel, time may be of the essence. You need a loan with a streamlined approval process, and you don’t need to look any further than a title loan! With ChoiceCash Title Loans, the approval process was designed with a financial emergency in mind. Applying takes just three simple steps, and it can be done in minutes online or over the phone!1
- Payments Start Low and Can Get Lower2: If you make yourpayments on time and keep your account in good standing, you can get rewarded! ChoiceCash Title Loans has a reward program that can lower your rates and monthly payment.2 Keep your account in good standing, and you may be able to take advantage of this!
- Keep Driving Your Car: If you’re like most borrowers, your vehicle is your main source of transportation. While you will be using your vehicle’s title as collateral for a title loan, you can keep driving your car while you pay it off! As long as you keep your loan account in good standing, you can drive your car like it is business as usual.
- Get Your Cash Fast: Qualified borrowers of a ChoiceCash Title Loan can get their funds in as little as one business day!1 If you need to pay your retainer fee fast, a title loan can be the perfect solution.
What Documents Do I Need to Apply for a Title Loan?
Title loans are flexible and fast during the approval process. Like any other loan, however, there are a few documents you will need to submit to verify your information!
You can expect to need:
- Proof of Income
- Proof of Address
- A Government-Issued Photo ID
- Title to Your Vehicle
- Recent Photos of the Car
For your convenience, these documents can all be submitted online during the approval process with ChoiceCash Title Loans!1
How Can I Apply for a Title Loan Online to Pay for the Retainer Fee for My Attorney?
Instead of searching for how to pay for the retainer fee for your attorney, you can get started on a loan today! Applying for a title loan online can be easy and hassle- free.
With ChoiceCash Title Loans, you can expect a simple approval process with just three steps:
- Fill Out a Short Loan Inquiry Online, or over the Phone
- Send In Your Documents and Verify Your Information
- Get Approved and Get Your Cash for the Retainer Fee!1
Ready to get the cash you need to pay for the retainer fee for your attorney? It’s easy! Get started on your title loan today with ChoiceCash Title Loans! Head over to the website to fill out the short inquiry form. Or call a loan representative at (855) 914-2945. Either option can take just a few minutes of your time!