Know Your Options: How to Pay for a Lawyer

One of the main reasons that most people shy away from suing people or from taking any kind of legal action is because they are afraid of the legal fees. This is a valid concern. If your case extends for months or even years, then you are looking at a hefty bill. Fortunately, not all hope is lost. Here are some of the ways that you can afford legal representation: 

Consider Contingency Fees 

There are some lawyers who will work a contingency fee. This is where the lawyer gets a percentage of your settlement. The percentage will be decided ahead of time. The lawyer will sometimes ask for a specific amount instead. 

There are downsides to this approach. For one thing, this option is only available for personal injury and similar cases. Thus, you may not always be afforded this avenue. For another, not all lawyers may give you this opportunity. This is typically only available when the lawyer is certain that you have a good chance of winning the case or settling out of court. 

Ask for a Payment Plan 

Before you retain a lawyer, speak to them about a payment plan. This is where the overall cost of your legal fees will be broken down into lower monthly sums. This gives you a bit more breathing room as you don’t have to contend with a large sum all at once. 

Unfortunately, not all lawyers may agree to this. Such plans only typically work if the lawyer either asks for a flat fee upfront or is willing to have their fee paid over a longer period of time. Therefore, this will often depend on how long your case runs and whether or not your lawyer is amenable to the idea. 

Take Out a Loan 

Did you know that there are such things as legal loans in Calgary that you can get? This is where you will be loaned a certain amount based on your case. You can then pay it back at a rate that you will have to discuss with the loan company. 

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The main benefit here is that this is a guaranteed thing – you can get the money up front without having to worry about whether or not your application is approved. As an added bonus, you don’t have to worry about having to make various deals with your lawyer, you can pay them as needed. 

Just make sure to choose one of the top lawsuit loan companies for such a loan. This will guarantee that you are getting the best terms and conditions for yourself.  

Pay Via Credit Card 

Last but not least, you can use a credit card to pay your fees. This should only be done, though, if you can guarantee that you can pay off this amount at the end of every month. If not, not only can you get into debt, but your credit score will be at risk as well. 

These are the main options available to pay off your legal fees. Consider them carefully and determine which one makes the most sense for you. 

Disclaimer: This content does not necessarily represent the views of IWB.

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