Divorce Loans - personal loans taken to fund divorce proceedings. The legal costs of a divorce can often run into the thousands, which can potentially make it an expensive affair.
Divorce is a difficult time, and it doesn’t get easier with the added worries of paying divorce debt, divorce legal fees, and other divorce finances.
If you’re struggling with the cost of divorce, or your funds are tied up in divorce legal fees and settlements, apply for a divorce loan from Magical Credit. Our short-term, divorce loans can cover any financial hardships as you work through your emotional ones.
Divorce loans can be put towards the cost of divorce lawyer fees, helping you keep up with bill payments, funding alternative living arrangements, or the fight for the custody of your children.
Apply for a divorce loan today – our online application takes just 5 minutes to complete!
A divorce loan from Magical Credit isn’t limited to pending legal or attorney fees – it can be used for other life expenses as you work through this difficult time:
Divorce Lawyer Fees: Lawyers are paid by the hour, making a potentially lengthy divorce process costly. But hiring reputable representation is an investment, as you’ll be in a better position to fight for your assets – a legal loan can fund a respected lawyer.
Divorce / Marital Debt: If settlements don’t work in your favour, you may have a pile of unexpected expenses to deal with. We offer divorce loans up to $20,000, easily covering the cost of divorce debts, allowing you to move forward with your life.
Bill Payments: Life’s responsibilities – hydro bills, groceries, transportation, cell phone bills – aren’t put on hold during a divorce settlement. Keeping up with all the bills, plus added legal costs, is demanding – get a short-term, legal loan to buy yourself a little extra time to get everything in order.
Living Arrangements: If you’re in a stalemate with your spouse over property, you’ll need a comfortable space to live in for the short term. No, sleeping on the front porch isn’t the solution, and you can only stay on your friend’s couch for so long. Apply for a divorce loan to put yourself up in a nice hotel or Airbnb, and find some peace of mind.
Yes, we specialize in personal loans for divorce, and bad credit loans. We don’t base our decisions solely off credit score. If you are receiving at least $1,200 a month via direct deposit, we will consider you.
You can qualify for bad credit divorce loans between $1,500 and $20,000.
Magical Credit’s low interest, personal loans do not charge the same interest fees as payday loan companies. We have a fixed 3.9% monthly interest rate, whereas your average payday loans cost up to $30 for every $100 you borrow.
If you are receiving at least $1,200.00 a month via direct deposit, we will consider you for a divorce loan.
Need a divorce loan, but aren’t sure you can keep up with the loan repayment terms? Calculate your monthly loan payment schedule with our short-term, personal loan calculator!
Our loans are considered short-term loans and have a 12-60 month term with a fixed interest rate of 3.9% per month.
Example: $1,500 borrowed for one year at 3.9% per month. Monthly payments are $199.05. Total payback with interest and fee of $194.00 is $2,388.54.
NOTE: You can pay off your loan at any time with no penalty. You will only pay interest up to the date you pay it off.