 TITLE: Can I Pay for a Divorce With a Personal Loan? CONTENT: Is a Personal Loan a Good Option for Your Divorce?\n--------------------------------------------------\nDivorce attorneys can cost hundreds of dollars per hour, so their bills add up fast. In addition to lawyer and court fees, you might also need money to help starting your life over, finding and furnishing a new place. It's typically best to pay for these expenses with savings so you don't accumulate any new debt. But if your savings isn't sufficient, a personal loan could work.\nFor one, interest rates on personal loans are typically lower than those on credit cards. If you have excellent credit, you can score a very reasonable interest rate on personal loans. You'll still be paying interest every month, which adds to the overall cost of your divorce, but it might be much less than what you'd pay by putting it on plastic.\nA personal loan also usually gives you a larger sum than you're able to access via a credit card or savings. If you need a significant sum of money to pay for divorce expenses, it might be easier to do that with a personal loan than a credit card or other form of financing.\nAlso, unlike a credit card, a personal loan usually has fixed monthly repayments, and this predictability can make it easier to work it into your budget. With a loan, you're given one lump sum upfront that you'll repay in installments over time, usually over a period of several years. END