New specialty lending product assists people dealing with the pressures of financing divorce proceedings.
TORONTO, March 14, 2022 /CNW/ – Simple Authorized Finance Inc., a specialty lender targeted on offering credit score to the Canadian authorized sector, introduced at the moment the launch of Divorce Loans, a product designed to fund authorized prices related to divorce proceedings in addition to residing bills.
“Because the starting of the pandemic, Canadian divorces have been on the rise. Final 12 months alone, there have been greater than 2.5 million Canadians who divorced, a determine that has been steadily rising over the previous 20 years,” stated Larry Herscu, President of Simple Authorized Finance Inc.
“Divorces can drag on for months or years — and deciding on authorized illustration, dividing property and figuring out new residing preparations might be sophisticated, particularly in the event you’re ready in your equalization entitlement,” he added.
When belongings are tied to each events in a divorce, it turns into problematic to finance the method. Simple Authorized’s Divorce Loans supplies a tailor-made line of credit score to assist bridge the hole to pay lawyer charges and residing bills, with out promoting investments or retirement plans, triggering tax penalties.
With this announcement, the Simple Authorized Group of Corporations continues to construct on its imaginative and prescient of being a number one supplier of credit score options servicing the authorized sector.
In regards to the Simple Authorized Group of Corporations
The Simple Authorized Group of Corporations is a specialty lender targeted on offering credit score options to the authorized sector, together with its shoppers and repair suppliers.
SOURCE Simple Authorized Finance Inc.
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