What are Loans for Lawyer Fees?
It’s no secret that hiring an attorney is expensive. But if you have a pending court case or you are struggling with legal issues, it can be a necessary expense to avoid serious consequences. Good legal representation will cost you an arm and a leg in some cases, so how does the average person pay for a lawyer? In some cases, loans for lawyer fees can be the answer.
Different types of financing options can be used to pay for legal fees, including:
Title Loans
If your credit is not at or above the national average of 705, then a loan against your car can be an option to pay for legal fees. Title loans, otherwise known as car title loans or auto title loans, are secured loans. This type of loan allows you to access a portion of your vehicle’s value by using its title as collateral for funding. Since you’re required to use a car or truck title to guarantee the loan, your credit score does not matter as much as other factors. The focus of your application is on your income and the value of your vehicle! To get approved for a title loan, you will need a car title in your name, a vehicle with enough value, and a few other documents to verify your information.1 5
Personal Loans
If you are more confident with your credit score, a personal loan can be a viable option. Personal loans are typically unsecured. The focal point of your application is centered on your credit history and your income. The lower your credit score, the lower your loan amount can be and the higher your interest rate could be if you are able to qualify for a loan for lawyer fees.
Credit Cards
If you have a considerable amount of available credit, you can use a credit card to pay for legal fees, although you may be charged a processing fee. Keep in mind that using your credit card means that you will need to pay interest on your purchase if you do not pay within the appropriate billing cycle.
Payment Plans
Some lawyers are able to offer payment plans for clients who cannot afford lump sum payments. Don’t be afraid to ask for free services as well. Some lawyers are willing to work pro bono cases, so be proactive as possible when choosing a lawyer to handle your legal issues and provide representation in court if required.
How Will a Lawyer Charge Me?
According to the Wilson Center for Science and Justice, an estimated 17 million American families are struggling with debt from legal fees and fines. The average cost of a lawyer can vary depending on the area that you reside in and your charges. But you can easily be charged upwards of $350 per hour or more. If you’ve hired an experienced attorney and are dealing with tax or bankruptcy issues, you can expect higher rates than if you hired a less seasoned lawyer for juvenile or civil charges.
Lawyers typically charge per hour. But you can expect different compensation structures depending on the firm or lawyer you choose to hire.
Hourly Rate
As mentioned above, the most common method for lawyers to charge clients is the hourly rate method. The more experience your lawyer has, the more they will typically charge per hour. If a lawyer is representing you in court, the hourly fee is often higher as well.
Flat Fee
A flat fee is a set amount charged for legal services regardless of the amount of time it takes to complete the case or provide services. If your legal issues involve an uncontested divorce, traffic ticket, or a misdemeanor, your lawyer may decide to opt for a flat fee charge.
Retainer
While this type of fee structure is not ideal for all clients, a retainer fee is a lump sum paid to the lawyer upfront. The lawyer will deduct their hourly expenses from this sum and reserve a specific amount of hours for their services.
Contingency Fee
Contingency fees cannot be charged for all cases, including criminal, divorce, and child custody cases. However, the lawyer can charge contingency fees for personal injury or property damage cases. The lawyer will only receive a fee if the cases is won, but the client is responsible for paying for other expenses.
What Do You Need to Get a Loan for Attorney Fees?
The paperwork you will need to get a loan for attorney fees can vary depending on the type of loan you decide to apply for and your state of residence, along with other key factors.
Generally, you’ll need to provide valid, government-issued identification and proof of income and residence. The most commonly used ID card for loans is a driver’s license.
But other identification cards like U.S. passports and permanent resident cards can be accepted. For proof of income, you’ll typically need to have recent pay stubs or bank statements. When applying for a title loan, you can submit alternative documentation if you receive disability or retirement income.
Depending on your lender and the loan you apply for, alternative forms of income can be accepted. Additionally, you can use a recent utility bill or credit card statement to verify your current address.
If you decide to apply for a title loan, additional documentation may be required. This could include but is not limited to:5
- Valid Insurance and Registration
- Recent Photos of Your Vehicle
The easiest way to find out what you need to get a loan for legal fees is to contact the lender directly!
How to Get a Loan for a Lawyer
Need money for a lawyer? Consider an online auto title loan! Getting a loan for lawyer fees online or over the phone can often be more convenient than applying in person.
Sometimes in life we make mistakes, in which we will require legal counsel. Representation can be very expensive! Some lawyers require an initial retainer fee ranging from as little as $1,000 to over $5,000 depending on the type of case and time required for the whole procedure.
When you or someone you love needs a lawyer, time is of the essence. You may need a quick solution to get the funds you need to be represented properly. A car title loan is a fast and convenient way to get the funds you need to hopefully put your legal issues in the past. You can borrow up to $50,000 based on your state of residence, the qualifying vehicle, and your ability to repay the loan amount.1 5
Apply for Title Loans for Lawyer Fees with Max Cash Title Loans
Max Cash® Title Loans can help you get connected to a loan to pay for attorney fees. We offer same day service, fast pre-approval and funding as fast as 1 business day.1 2 5 We are honest and direct, and we value your time.. Even if you have had a past bankruptcy or bad credit, you can apply for the funds you need. Take the first step by calling us to get the process started. Gather the documents you will need to apply for a loan against your car before you begin your loan inquiry:
- Free and Clean Title
- Valid ID
- Insurance (required by some states but not all)
- Social Security Card (or its equal counterpart)
Apply online by completing a short form or call 855-561-5626 today!
Legal Disclaimer: This article is for informational purposes only. While this article is well researched, it should not be viewed as legal advice from a professional. If you have legal questions, please consult an attorney licensed to practice in your jurisdiction.