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    Everything You Need to Know About Bad Credit Divorce Loans

    Lyn Ridley
    Lyn Ridley - 2019-11-23T22:00:00.000Z

    In an age where close to half of all married couples decide to go splits at some point, divorce is big business.

    As well as the obvious emotional cost of ending a marriage, the financial cost can also be significant.

    In the US, the average cost of a divorce lawyer in 2020 is an eye-watering $250 an hour, with most individuals paying around $15,000 a head in legal fees alone.

    This is on top of the costs associated with alimony payments, division of assets, and actually filing for divorce in the first place, all of which will likely add up to additional thousands.

    Faced with these staggering costs, it is unsurprising that individuals with an unhealthy bank balance and bad credit may be deterred from seeking the divorce they need.

    Fortunately, there are plenty of financing options out there for bad credit divorce loans, designed specifically for ensuring those with a rocky financial background can cover all of the costs associated with a divorce.

    The best bad credit loans for divorce are those that are designed specifically to meet the needs of those filing for divorce within the context of the modern legal system, ensuring that every unexpected cost is fully covered.

    If you're in need of fast and straightforward divorce financing, read on to find out the best providers of bad credit divorce loans in America right now. 

    1. DivorceLoan.com

    Those looking for the best bad credit loans for divorce will be more than satisfied with what DivorceLoan.com has to offer.

    This online platform is catered specifically to those going through a divorce who are in need of easy financing, with a specific focus on those with poor credit.

    key facts about their bad credit divorce loans:

    • Offers loans of up to $40,000 to cover litigation, alimony, and refinancing.
    • Their simple online platform allows you to apply for funding online and receive it directly into your bank account once you are approved.
    • Their team of divorce loan experts will be able to confidently and competently explain all of the ins and outs of financing a divorce.
    • Very clear terms and conditions allow you to make an informed choice before committing.
    • They offer unsecured loans, meaning no collateral is required to access financing.

    Loan amount: $500 - 40,000
    Interest rate: 5.99% - 35.36%
    Loan term: 1, 3, or 5 years

    2. PersonalLoans.com

    PersonalLoans.com is one of many workable alternatives to divorce loans.

    They are a widely-used personal loan provider that is active in all 50 states and enjoy a solid reputation among borrowers.

    Their lending terms mean that their loans can act as bad credit divorce loans since they don't require a high FICO score for you to quality.

    It's worth noting that loan applicants must either have a full-time job, be self-employed, or receiving benefits totaling at least $2000 a month.

    Here are the key facts:

    • Applicants can receive approval and their loan in full within 24 hours of making an online application.
    • All types of credit score holders are welcome to apply.
    • Flexible financing and repayment terms depending on the borrower's financial situation.

    Loan amount: $500 - $35,000
    Interest rate: 5.99% - 35.99%
    Loan term: 3 to 72 months

    3. CashUSA.com

    Another well-known personal loan provider that can connect borrowers with bad credit divorce loans via their nationwide network of lenders.

    The loans offered via CashUSA.com are slightly smaller than the others mentioned here, with an upper limit of $10,000.

    However, barriers to entry are very low, with all credit types accepted and the only requirement being that the borrower makes at least $1000 after taxes.

    Here are the key facts: 

    • One of the fastest finance providers in America, with the ability to approve a loan within minutes of making an online application.
    • There are no limits on how CashUSA loans can be used, meaning any costs you incur during your divorce can be covered.
    • A large network of associated lenders guarantees expertise when it comes to asking them about the best bad credit loans for divorce.

    Loan amount: $500 - $10,000
    Interest rate: 5.99% - 35.99% 
    Loan term: 3 to 72 months 

    Anyone in need of bad credit divorce loans will be pleased to know that such a comprehensive range of financing options exist.

    With all of these providers, funds can be directly applied for online, and you will receive approval and payment within a very short time period.

    Hopefully, that should make the difficulty of a divorce more manageable.