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How to Get a Personal Loan for Legal Fees

Legal fees are expensive, and depending on your situation, they can pile up quickly. Legal fees include
(but aren’t limited to) retainers, hourly costs, amounts of litigation, and contingency fees.

On average, attorneys in Ohio charge $100 to $453 per hour for legal services. Your attorney works for you and therefore performs a service or consumes a resource pertaining to your case, you are billed. All those expenses can quickly reach thousands of dollars, and the majority of Americans don’t have that kind of emergency savings available to them. The average divorce in 2020 cost about $13,000 and
$23,000 if the case went to trial.

Fortunately, there are many personal loan resources available online to help you cover your legal fees. Most lenders will allow you to use a personal loan in any way you choose. Eligibility for lending often depends on your credit score, employment history, citizenship status, as well as how much you ask to borrow. When considering using lending resources, be sure you do your research. Not all loan companies are created equal. Compare loan rates, fees, and payback terms.

  • Figure is one option if you have good to excellent credit. Figure runs a soft check on your credit, which doesn’t affect your credit score.
  • Upgrade is useful for those with bad to fair credit or for those who need smaller loans. This detail means they typically have higher interest rates. Like Figure, there is no effect on your credit score when you complete the initial application for approval.
  • Upstart offers loans you can use for just about anything. Because of the model they use to determine approved borrowers, they generally have higher approvals and lower rates than some other lenders.

If you need to talk to an attorney, contact our office at 330-922-4491 or through our contact page to schedule an initial consultation. We can help you find the resource right for you to get the legal representation you deserve.