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Not an April Fool's thread: Is it possible to take out a loan for a divorce?

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tno

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So, I'm in a pickle. My marriage is on the down slope. This is absolutely killing me emotionally right now. I have been the primary (as in only) bread winner for the last few years and in a little while she'll be a resident. At that point she'll be coming by some income. I'm going to get screwed with my pants on if we get a divorce. She's going to hire a killer lawyer and just rake me through the coals. I'm not sure I'll be able to afford a lawyer.

So my question right now is, does anyone know whether you can take a loan out from a back to pay for legal services? I'm sure the loan interest will be huge and I'll be paying this off for ages, but I just don't see anyway of keeping from having to pay her alimony till she starts making real doctor money.

And I guess my last question is, can anyone spare $10,000?

Jason
 
Make nice until she starts raking in the money. Then get a divorce. She'll owe YOU alimony.
 
Alimony, ugh, don't get me started...

How would getting a loan help with alimony, or are you just trying to get divorced asap for emotional reasons?

It will cost you less in the long run to divorce when she has some income.

Good luck.
 
I had to take out a loan to pay off my car, my ex was co-signed and I had to get her name off. I also had to refinance my mortgage (obviously) to buy her share of the home equity. Grand total was somewhere near $50,000...... she makes well over that per year now, but she still took all the nice stuff out of my house and f*cked me financially.

But anyway... my loan was for over $20k... personal loan. Not too sure "divorce loans" exist. Just go get a loan.

good luck man. I wouldn't wish what you're going through on my worst enemy. Stay strong, pm me if you need someone to talk to. I just went through this last year, there's a massive thread about it in L&R called "marriage separation".

oh and i haven't missed a single mortgage payment or bill payment since, effectively tossing her theories about me on their ass. I'm doing just fine... actually, I think I'm better at managing the money than she ever was.
 
1. Take out a big loan and use house as collateral.
2. Use loan to fight divorce.
3. Give house to (ex)wife.
4. Default on loan.
...
5. Profit!
 
meltdown75 said:
I had to take out a loan to pay off my car, my ex was co-signed and I had to get her name off. I also had to refinance my mortgage (obviously) to buy her share of the home equity. Grand total was somewhere near $50,000...... she makes well over that per year now, but she still took all the nice stuff out of my house and f*cked me financially.

But anyway... my loan was for over $20k... personal loan. Not too sure "divorce loans" exist. Just go get a loan.

good luck man. I wouldn't wish what you're going through on my worst enemy. Stay strong, pm me if you need someone to talk to. I just went through this last year, there's a massive thread about it in L&R called "marriage separation".

oh and i haven't missed a single mortgage payment or bill payment since, effectively tossing her theories about me on their ass. I'm doing just fine... actually, I think I'm better at managing the money than she ever was.
Click to expand...

Isn't it easy with automatic payments now?
 
preslove said:
1. Take out a big loan and use house as collateral.
2. Use loan to fight divorce.
3. Give house to (ex)wife.
4. Default on loan.
...
5. Profit!
Click to expand...

Holy shit. LOL! :hmm: Somehow I don't think it would work out that way though.
 
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