How to Finance a Divorce

Finances are often an important factor in divorces and can significantly affect how smoothly (or not) your split goes. In this article, we’ll discuss some tips for financing your divorce so that you can make the best decisions for yourself and your family. We’ll also look at some options available for paying for a divorce, including divorce loans. So read on for information that will help you get through this challenging time!

What Is a Divorce Loan?

A divorce loan is a type of financing that can cover the costs associated with divorces, such as attorneys’ fees, alimony, or property division. Divorce loans are typically personal loans with high-interest rates and are often difficult to obtain. However, some lenders may be willing to work with borrowers with solid credit histories and good income levels. In general, divorce loans should be considered a last resort, as they can cost more in interest than they are worth. Borrowers should explore all other options before taking out a divorce loan.

Why Is Divorce So Expensive?

Divorce is often cited as one of the most expensive legal procedures a person can go through. While the average cost of a divorce varies depending on the specific situation, several factors can contribute to the high price tag. First, divorce lawyers typically charge by the hour, and the paperwork involved in filing for divorce can be extensive.

In addition, couples may need to pay for appraisals and other experts to divide their assets equitably. Finally, emotionally charged divorce proceedings can take a toll on both parties, leading to higher legal bills. While the cost of divorce can be high, it is essential to remember that the alternative—remaining in an unhappy or abusive marriage—can be even more costly in the long run.

Loans for Legal Fees

When a marriage ends, there are often significant legal fees associated with the divorce. In some cases, these fees can be a substantial financial burden, particularly if one spouse is struggling to make ends meet. Fortunately, options are available for those who need help paying for divorce-related expenses. One such option is a divorce loan.

A divorce loan is a type of personal loan that can be used to cover the costs of a divorce, including legal fees. This can be a useful option for those who cannot afford to pay these costs upfront. However, it is essential to carefully consider your options before taking out a loan, as there can be significant financial repercussions if you cannot repay the loan. Make sure you understand the terms and conditions of the loan before signing any paperwork. Getting expert advice from a financial advisor or lawyer can also help make sure you make the best decision for your unique circumstances.

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CredibleCredible is Free to Use
  • APR: 5.40-35.99%
  • Loan Term: 24-84
  • Min Credit Score: 600
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Key facts

  • Free-to-use marketplace with a choice of vetted lending partners.
  • Borrowers are in control and can compare competitive loan options.
  • No prepayment fees and origination fees as low as 0%

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Credible Disclaimer: “Personal Loans Rate and Terms Disclosure: Rates for personal loans provided by lenders on the Credible platform range between 5.40%-35.99% APR with terms from 24 to 84 months. Rates presented include lender discounts for enrolling in autopay and loyalty programs, where applicable. Actual rates may be different from the rates advertised and/or shown and will be based on the lender’s eligibility criteria, which include factors such as credit score, loan amount, loan term, credit usage and history, and vary based on loan purpose. The lowest rates available typically require excellent credit, and for some lenders, may be reserved for specific loan purposes and/or shorter loan terms. The origination fee charged by the lenders on our platform ranges from 0% to 8%. Each lender has their own qualification criteria with respect to their autopay and loyalty discounts (e.g., some lenders require the borrower to elect autopay prior to loan funding in order to qualify for the autopay discount). All rates are determined by the lender and must be agreed upon between the borrower and the borrower’s chosen lender. For a loan of $10,000 with a three year repayment period, an interest rate of 7.99%, a $350 origination fee and an APR of 11.51%, the borrower will receive $9,650 at the time of loan funding and will make 36 monthly payments of $313.32. Assuming all on-time payments, and full performance of all terms and conditions of the loan contract and any discount programs enrolled in included in the APR/interest rate throughout the life of the loan, the borrower will pay a total of $11,279.43. As of March 12, 2019, none of the lenders on our platform require a down payment nor do they charge any prepayment penalties.”

LendingTreeQuick & Easy Online Process
  • APR: 5.99-35.99%
  • Loan Term: 3-180
  • Min Credit Score: 550
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Key facts

  • The nation’s largest online lending marketplace
  • Over $260 billion in loans facilitated
  • One short form for multiple loan options

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LendingTree Disclaimer: A Personal Loan can offer funds relatively quickly once you qualify you could have your funds within a few days to a week. A loan can be fixed for a term and rate or variable with fluctuating amount due and rate assessed, be sure to speak with your loan officer about the actual term and rate you may qualify for based on your credit history and ability to repay the loan. A personal loan can assist in paying off high-interest rate balances with one fixed term payment, so it is important that you try to obtain a fixed term and rate if your goal is to reduce your debt. Some lenders may require that you have an account with them already and for a prescribed period of time in order to qualify for better rates on their personal loan products. Lenders may charge an origination fee generally around 1% of the amount sought. Be sure to ask about all fees, costs and terms associated with each loan product. Loan amounts of $1,000 up to $50,000 are available through participating lenders; however, your state, credit history, credit score, personal financial situation, and lender underwriting criteria can impact the amount, fees, terms and rates offered. Ask your loan officer for details. Rates and APR assume fixed rate for the term of the loan may not be available for all consumers, ask your lender for a fixed rate quote. Loan Example: A $10,000 loan with a 5-year term at 13% Annual Percentage Rate (APR) would be repayable in 60 monthly installments of $228 each. The actual payment amount and year-end balance will vary based on the APR, loan amount, and term selected. In this case the total amount expected to pay by the borrower will be $13,680 *This examples are for illustrative purposes only. The examples and match rates are not a guarantee, agreement, or commitment to loan funds or extend credit. Interest rates and terms are subject to change at any time without notice.

SoFiLow Rates. No Fees required
  • APR: 8.99-23.43%
  • Loan Term: 24-84
  • Min Credit Score: 680
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Key facts

  • Competitive rates available for good credit scores and income source
  • Access to financial advisors, private networking events, & unemployment protection
  • Flexible terms & payment options with no fees whatsoever

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Fixed rates from 8.99% APR to 23.43% APR APR reflect the 0.25% autopay discount and a 0.25% direct deposit discount. SoFi rate ranges are current as of 3/06/23 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, income, and other factors. See APR examples and terms. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.


Divorce can be a complicated and expensive process, but there are ways to finance it that can help ease the financial burden. In this blog post, we’ve looked at some of the different options available for paying for a divorce, including divorce loans. We’ve also discussed why divorces are so expensive and outlined some tips for managing the costs. If you’re facing a divorce, be sure to explore your options and seek expert advice before making any decisions. With careful planning and consideration, you can get through this challenging time without putting yourself into debt.

Justin Estes Justin Estes Last update: