Can I get a loan for living expenses if my spouse and I have a lot of joint debt?

Yes, it's possible. Lenders will primarily evaluate your individual income against your portion of the monthly debt payments. When you apply, be prepared to explain your situation. They understand that joint debt is part of a divorce and will focus on your ability to handle the new loan payment on your own income. Having a clear plan for how joint debts will be managed during the separation can strengthen your application.

How quickly can I get funds for a security deposit on a new apartment?

Speed is a major advantage of personal loans. After you select a loan offer and are formally approved, many lenders can deposit funds directly into your bank account as soon as the next business day. This makes it a very practical solution for time-sensitive needs like securing a short-term rental or an apartment.

Will taking out a personal loan affect my divorce settlement?

This is a legal question, and you should consult with your divorce attorney. In many jurisdictions, debt incurred after the date of separation is considered separate, not marital, debt. However, laws vary by state. It is crucial to inform your lawyer that you are taking this step to cover necessary living expenses to ensure it is handled correctly in the legal proceedings.

Do I need my spouse's permission or signature to get this loan?

No. An unsecured personal loan is taken out in your name only. The application and approval process are based solely on your individual creditworthiness and financial information. Your spouse is not involved, is not a co-signer, and has no legal responsibility for this debt.

What if my income changes after the divorce is final (e.g., I start receiving alimony)?

Your loan is based on the income you have at the time of application. Because personal loans have fixed payments, your monthly obligation will not change. If your income increases after the divorce, you may be in a better position to pay the loan off early. Most personal loans through our partners do not have prepayment penalties, so you can pay it off faster without extra fees if you choose.

Can I use the loan to pay for a divorce attorney?

Yes. Personal loans are flexible, and you can use the funds for a variety of expenses. While this page focuses on temporary living costs, many people use a portion of their loan to pay for legal retainers and fees associated with the divorce process itself. It's a common way to ensure you have proper legal representation from the start.

Loans for Living Expenses During Separation

Secure the funds you need for temporary housing, rent, utilities, and daily costs while navigating the next chapter.

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The period of separation leading up to a divorce is one of profound uncertainty, especially when it comes to your finances. Suddenly, you may need to find and fund a new place to live, manage bills that were once shared, and establish financial independence—all while navigating a stressful emotional transition. A personal loan designed for separation-related living expenses can provide the crucial financial bridge you need during this time.

The sudden financial strain of living apart.

I need to move out now, but I don't have enough for a security deposit and first month's rent.
A personal loan can provide fast funding, often within a day or two of approval, so you can secure new housing without delay.
Our joint accounts are frozen or restricted, and I can't access cash to pay my bills.
Funds are deposited directly into your individual bank account, giving you complete control to cover essential costs.
My income alone isn't enough to cover two sets of household expenses right now.
A loan acts as a temporary buffer, helping you manage costs until spousal support is determined or assets are divided.
I don't want to rack up high-interest credit card debt for basic necessities.
Personal loans typically offer fixed rates that are significantly lower than credit card APRs, making them a more predictable and affordable option.

How a Separation Loan Provides Stability

A separation loan is an unsecured personal loan used to cover the immediate, practical costs of establishing a separate household while a divorce is pending. Unlike borrowing from family, which can add emotional complexity, or using credit cards, which can spiral into high-interest debt, a personal loan offers a structured solution. You receive a lump sum of cash upfront and repay it over a set period with fixed monthly payments. This predictability is invaluable when your financial future feels anything but.

This type of financing is specifically designed for the transition. It's not about funding the divorce itself—though funds are fungible—but about ensuring you have a safe and stable living situation. It empowers you to make clear-headed decisions without the added pressure of immediate financial precarity. Whether you need to find a furnished short-term rental, pay utility connection fees, or simply buy groceries while access to joint funds is in limbo, a loan provides the necessary liquidity to maintain your day-to-day life.

Get Funded in 3 Simple Steps

1
Check Your Rate
Fill out our simple online form in minutes. This won't impact your credit score.
2
Review Your Offers
If you qualify, you'll see loan options from our network of lenders. Choose the one that works for you.
3
Get Your Funds
Once you accept an offer and are approved, funds are typically deposited directly into your bank account as soon as the next business day.

Example: Cost of Setting Up a New Household

Apartment Security Deposit Varies by location	$1,500
First Month's Rent Varies by location	$1,500
Utility Deposits (Electric, Gas, Internet) Average estimates	$400
Basic Furnishings & Household Items Bed, kitchen supplies, linens	$1,200
Moving Expenses (Local) Truck rental or movers	$400

Estimated monthly

$173/mo

Estimated monthly payment on a $5,000 loan with a 3-year term at 15% APR.

See What Your Monthly Payment Could Be

Estimate your costs and check your rate with no obligation or impact to your credit score.

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Loan amount: $2,000 – $10,000
APR: 8.99% – 35.99%
Term: 24 mo – 60 mo

Your actual Annual Percentage Rate (APR) will depend on your credit score, loan amount, term, and credit history. All loans are subject to lender approval.

The terms of your loan are designed to be straightforward. We partner with lenders who understand the unique financial situations of individuals going through a separation. While a strong credit history will always secure the best rates, lenders will also consider your individual income and ability to repay. The goal is to provide a manageable financial tool, not to add another burden during an already difficult time.

Comparing Your Options for Covering Separation Costs

When you need money quickly, it can be tempting to grab the first option available. However, choosing the right type of financing can save you significant money and stress. A personal loan offers distinct advantages over other common choices for someone navigating a separation.

Personal Loan vs. Alternatives

Feature	Personal Loan	Credit Cards	Loan from 401(k)
Interest Rates	Fixed, typically 9-35.99%	Variable, often 20-30%+	Lower rate, but you lose market gains
Repayment Structure	Fixed monthly payments	Variable minimum payments	Repaid via payroll deduction
Funding Speed	1-3 business days	Instant (if you have credit)	Can take weeks
Key Risk	Impacts credit if you miss payments	High-interest debt can spiral quickly	Major tax penalties if you leave your job

Example scenario

I had to find an apartment for myself and my daughter within a week. I didn't have savings for a deposit, and my credit cards were almost maxed out. Getting a small personal loan gave me the breathing room to get us settled without going into a panic.

Jessica M.·Recently Separated, Austin, TX

Do You Qualify for a Separation Expense Loan?

What Lenders Typically Look For

Stable Individual Income: Lenders need to see that you have a reliable source of income (from your job, not potential spousal support) to make payments.
Credit Score: A score of 600 or higher is generally preferred, but some partners work with scores in the upper 500s. A higher score unlocks better rates.
Debt-to-Income (DTI) Ratio: Lenders will look at your individual income versus your existing debt payments (car loans, credit cards, etc.).
Verifiable Identity: You'll need a valid government-issued ID, Social Security number, and a U.S. residential address.
Active Bank Account: You must have a personal checking account in your own name for the funds to be deposited into.

Find Out if You Qualify in Minutes

The initial check is fast, free, and won't affect your credit score.

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Smart Financial Steps During a Separation

Securing a loan is just one piece of the puzzle. Protecting your financial health during this transition requires proactive steps. Here are a few tips to consider:

Create a New Budget. Your expenses and income are changing. Create a realistic budget based on your individual circumstances to understand your new financial reality.
Open Your Own Accounts. If you haven't already, open a checking and savings account in your name only. Start directing your paycheck there.
Monitor Your Credit. Keep a close eye on your credit report. You are still legally responsible for joint debts until the divorce decree says otherwise. Make sure your ex-partner is making payments on any shared accounts.
Avoid Taking On New Joint Debt. Do not cosign for any new loans or open new credit cards with your soon-to-be-ex-spouse. The loan for your living expenses should be in your name alone.

Ready to Secure Your Own Place?

Take the first step toward financial independence and stability during your separation.

Check Your Rate

Frequently Asked Questions

Can I get a loan for living expenses if my spouse and I have a lot of joint debt?
Yes, it's possible. Lenders will primarily evaluate your individual income against your portion of the monthly debt payments. When you apply, be prepared to explain your situation. They understand that joint debt is part of a divorce and will focus on your ability to handle the new loan payment on your own income. Having a clear plan for how joint debts will be managed during the separation can strengthen your application.
How quickly can I get funds for a security deposit on a new apartment?
Speed is a major advantage of personal loans. After you select a loan offer and are formally approved, many lenders can deposit funds directly into your bank account as soon as the next business day. This makes it a very practical solution for time-sensitive needs like securing a short-term rental or an apartment.
Will taking out a personal loan affect my divorce settlement?
This is a legal question, and you should consult with your divorce attorney. In many jurisdictions, debt incurred after the date of separation is considered separate, not marital, debt. However, laws vary by state. It is crucial to inform your lawyer that you are taking this step to cover necessary living expenses to ensure it is handled correctly in the legal proceedings.
Do I need my spouse's permission or signature to get this loan?
No. An unsecured personal loan is taken out in your name only. The application and approval process are based solely on your individual creditworthiness and financial information. Your spouse is not involved, is not a co-signer, and has no legal responsibility for this debt.
What if my income changes after the divorce is final (e.g., I start receiving alimony)?
Your loan is based on the income you have at the time of application. Because personal loans have fixed payments, your monthly obligation will not change. If your income increases after the divorce, you may be in a better position to pay the loan off early. Most personal loans through our partners do not have prepayment penalties, so you can pay it off faster without extra fees if you choose.
Can I use the loan to pay for a divorce attorney?
Yes. Personal loans are flexible, and you can use the funds for a variety of expenses. While this page focuses on temporary living costs, many people use a portion of their loan to pay for legal retainers and fees associated with the divorce process itself. It's a common way to ensure you have proper legal representation from the start.

Take the next step

Personal loan disclosure

Money Savvy is not a lender. We are a marketing service that connects consumers with participating lenders. Rates, amounts, and terms vary by lender, your credit history, and other factors.

Loan amounts: $1,000 – $100,000
Repayment terms: 3 – 84 months
Min APR: 5.99%
Max APR: 35.99%
Origination fees: 0% – 10% of the loan amount
Late fees: May apply; vary by lender

Representative example: A $10,000 loan with a 36-month term at an 18.99% APR would have an approximate monthly payment of $366.39 and a total cost of $13,190.04, including interest and a $500 origination fee.

Your actual APR depends on your credit score, income, and other factors. Only borrow what you can afford to repay.

California residents: California Financing Law disclosures available upon request.