Messy divorce, short term loan needed to pay solicitor

Berylsmum

Hi all, i'm in the process of a messy divorce(cheating ex) and i need a loan to pay solicitors fees. I'm looking for a loan that won't have any early payment fees, as i want to pay it off when i get my settlement. Any advice would be welcome, as my ex handled all money matters and i am confused and feel swamped. As i now only have my wages to live off i also need the lowest possible repayment rates (now have go to charity shops for clothes).
Need help !!
Xx

jonesMUFCforever

Ask your solicitor to take his charge out of your settlement, otherwise you are on a slippery road.

sourcrates

I did my divorce myself, i think it cost £37, but it was a clear cut, non defended case, and all went smoothly.


I would caution against getting a loan for legal fee`s, usually you can come to some arrangement with your solicitor to make structured payments, so why pay interest ???


Also your settlement may not be what you expected, and could leave you with less money than you thought, also the timescales may be extended, as its one thing agreeing something in court, another matter entirely actually receiving the money.

Gorgeous_George

The divorce is not the same as the financial settlement.

Solicitors’ fees can really eat in to the eventual settlement. Have you been to mediation? This is a necessary step towards financial hearings.

T-G-C

Wonga could lend a helping hand.. oh wait, it seems not. Those who sell The Big Issue have more money than them right now.

In seriousness, follow what the above posters have advised, attempt to charge it from the settlement. Most solicitors will be willing to do this, provided there are assets that you are entitled to receive from the divorce. The more extensive and difficult the divorce, the longer legal proceedings will take and thereby more expensive.

If your solicitor refuses to charge it from the settlement and requires payment in an expedient
fashion and did come down to either a loan or nothing, I would recommend asking a high-street bank which has considerably lower interest than companies like Peachy or Lending Stream. With those companies, you could be paying back almost double what you borrowed over 6 months. I am not sure what your credit file is like, but if it isn't poor, your current account provider may be able to offer you something. It is worth speaking with them or do a few quotation searches before applying with someone.

Silver_Queen

Can you work out a payment plan with your solicitor? Sometimes they are sympathetic and may be willing to work with you on this. It's much less hassle for them to do a payment plan rather than chase you for the money through the Courts.

Silver_Queen

sourcrates wrote: »

I did my divorce myself, i think it cost £37, but it was a clear cut, non defended case, and all went smoothly.


I would caution against getting a loan for legal fee`s, usually you can come to some arrangement with your solicitor to make structured payments, so why pay interest ???


Also your settlement may not be what you expected, and could leave you with less money than you thought, also the timescales may be extended, as its one thing agreeing something in court, another matter entirely actually receiving the money.

Court fee alone is £550 now!

Berylsmum

Thank you everyone. I did get a loan from my bank and i did manage to get more than i bargained for in my settlement. Thank you all once again from one happy divorcee xx

MedSec27

Well done for getting a better settlement than you hoped for, I wish you well for your future

robatwork

Kudos for updating the thread, hope life is on the up.