It seems as though every significant event in life costs money – including birth and death. Some expenses are inevitable, but many of these major life events do not necessarily need to cost as much as they often do. One such event is divorce. Economically, Americans are facing tough times right now, increasing the risk of divorce and making it harder to meet this expense. For these and other reasons, there has been a sharp increase in the number of Americans seeking divorce loans or loans used for divorce finances.
Nationally, inquiries into divorce loans have increased by 62 percent. Here in Florida, interest in divorce loans has jumped by 71 percent.
Avoiding Divorce Loans
Should you consider a divorce loan if you are about to go through a divorce? That is a question only you can answer based on your knowledge of your own finances. However, we would like to provide some money-saving alternatives to you.
Reducing expenses by increasing efficiency
Paying for quality legal representation is wise and could assist you with a more streamlined process. You can save money while working with a good attorney if you can keep billable hours to a minimum. If you and your spouse can negotiate in good faith and avoid unnecessary conflict, you may be able to work out your differences through mediation or collaborative divorce rather than traditional litigation.
These alternative divorce solutions tend to lead to resolutions more quickly and without numerous court appearances. Following an amicable divorce checklist can mean a more amicable divorce that is less expensive and contentious.
Filing uncontested divorce
There are (somewhat rare) instances in which divorcing couples either agree on all terms or have no significant assets or issues to dispute. If you and your spouse have agreed to a division of assets and debts and no other issues exist, you may wish to pursue an uncontested divorce. You will still be required to file certain financial information. Working with an experienced Tampa property division attorney is vital to ensure everything is handled correctly, but this is usually the cheapest divorce option for those who qualify.
Speak with a Tampa Divorce Attorney
Thankfully, Florida is not listed in the top 10 states with the most expensive average divorce costs. But still, divorce can be a significant financial investment, and some people may need divorce loans. Before you make any major decisions, however, please discuss your case with an experienced Tampa divorce attorney to better understand your options and likely expenses.
