If you wish to hire a lawyer but do not have the funds to pay for legal services, you may consider financing your legal fees using one or more of the options below.
Borrowing from friends and family
Friends and family can provide major support when it comes to financing your legal fees if you don’t have the funds to do so. You might obtain the funds needed to finance your case irrespective of your credit history/score and you may not be required to pay interest (if you do, the rate will likely be low).
Crowdfunding/crowdsourcing
With platforms like GoFundMe, you may find people within your social network and beyond who are willing to fundraise toward your legal fees. Note, however, that these platforms are not confidential.
Personal loans and credit cards
You may be able to obtain a personal loan or line of credit from your bank or a private lender, which covers your legal fees. Given that many law firms (including Advocation) accept credit card payments, legal fees could be financed through your Visa, Mastercard or American Express.
Litigation lenders
You may also be able to obtain funding from lenders who specifically make loans available to cover the costs of legal fees or who will lend based on an anticipated legal settlement. Legal fee lending services include:
- Lifeline Litigation Loans: https://lawsuitloan.ca
- Magical Credit: https://www.magicalcredit.ca/loan-types/legal-loans/
- BridgePoint Financial: https://bridgepointfinancial.ca/
- CaseMark Financial: https://casemarkfinancial.com/
- Nudorra Capital: https://litigationloans.ca/
- Easy Legal Finance Inc.: https://www.easylegal.ca/
Be advised that Advocation is not affiliated with any of the lenders outlined above and the fact that they are listed does not suggest that litigation lenders are the right choice for you or preferable compared to other financing options.
With all decisions involving credit, you should consider whether your legal matter is sufficiently impactful to you to incur debt. This includes assessing the cost of borrowing (including loan fees and interest), the length of time before you can pay off the loan, and how much you can realistically recover from the legal proceeding.
As with all forms of credit, how much you can borrow and the cost of borrowing may depend on your creditworthiness.
If you wish to hire a lawyer but do not have the funds to pay for legal services, you may consider financing your legal fees using one or more of the options below.
Borrowing from friends and family
Friends and family can provide major support when it comes to financing your legal fees if you don’t have the funds to do so. You might obtain the funds needed to finance your case irrespective of your credit history/score and you may not be required to pay interest (if you do, the rate will likely be low).
Crowdfunding/crowdsourcing
With platforms like GoFundMe, you may find people within your social network and beyond who are willing to fundraise toward your legal fees. Note, however, that these platforms are not confidential.
Personal loans and credit cards
You may be able to obtain a personal loan or line of credit from your bank or a private lender, which covers your legal fees. Given that many law firms (including Advocation) accept credit card payments, legal fees could be financed through your Visa, Mastercard or American Express.
Litigation lenders
You may also be able to obtain funding from lenders who specifically make loans available to cover the costs of legal fees or who will lend based on an anticipated legal settlement. Legal fee lending services include:
- Lifeline Litigation Loans: https://lawsuitloan.ca
- Magical Credit: https://www.magicalcredit.ca/loan-types/legal-loans/
- BridgePoint Financial: https://bridgepointfinancial.ca/
- CaseMark Financial: https://casemarkfinancial.com/
- Nudorra Capital: https://litigationloans.ca/
- Easy Legal Finance Inc.: https://www.easylegal.ca/
Be advised that Advocation is not affiliated with any of the lenders outlined above and the fact that they are listed does not suggest that litigation lenders are the right choice for you or preferable compared to other financing options.
With all decisions involving credit, you should consider whether your legal matter is sufficiently impactful to you to incur debt. This includes assessing the cost of borrowing (including loan fees and interest), the length of time before you can pay off the loan, and how much you can realistically recover from the legal proceeding.
As with all forms of credit, how much you can borrow and the cost of borrowing may depend on your creditworthiness.
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