212-300-5196

Service & Results.

nyc criminal lawyers over 30 years of experienceWe Know How To Win Cases

Spodek Law Group handles tough cases
nationwide, that demand excellence.

Get Free Consultation

Faced 5+ Years in Prison

People Vs Joseph Amico

Covered by NYDaily News. Las Vegas man accused of threatening a prominent attorney and making vile remarks.

Faced 10+ Years in Prison

People Vs. Anna Sorokin

Covered by New York Times, and other outlets. Fake heiress accused of conning the city’s wealthy, and has an HBO special being made about her.

Faced 3+ Years in Prison

People Vs. Genevieve Sabourin

Accused of stalking Alec Baldwin. The case garnered nationwide attention, with USAToday, NYPost, and other media outlets following it closely.

Faced Potential Charges

Ghislaine Maxwell Juror

Juror who prompted calls for new Ghislaine Maxwell trial turns to lawyer who defended Anna Sorokin.

Why Choose Us

Clients can use our portal to track the status of their case, stay in touch with us, upload documents, and more.

Regardless of the type of situation you're facing, our attorneys are here to help you get quality representation.

We can setup consultations in person, over Zoom, or over the phone to help you. Bottom line, we're here to help you win your case.

Spodek
Law in the Media

View All

Meet Todd Spodek

WE PROVIDE WHITE GLOVE SERVICE TO CLIENTS
WHO WANT MORE FROM THEIR ATTORNEY

The Spodek Law Group understands how delicate high-profile cases can be, and has a strong track record of getting positive outcomes. Our lawyers service a clientele that is nationwide. With offices in both LA and NYC, and cases all across the country - Spodek Law Group is a top tier law firm.

Todd Spodek is a second generation attorney with immense experience. He has many years of experience handling 100’s of tough and hard to win trials. He’s been featured on major news outlets, such as New York Post, Newsweek, Fox 5 New York, South China Morning Post, Insider.com, and many others.

In 2022, Netflix released a series about one of Todd’s clients: Anna Delvey/Anna Sorokin.

Why Clients Choose Spodek Law Group

The reason is simple: clients want white glove service, and lawyers who can win. Every single client who works with the Spodek Law Group is aware that the attorney they hire could drastically change the outcome of their case. Hiring the Spodek Law Group means you’re taking your future seriously. Our lawyers handle cases nationwide, ranging from NYC to LA. Our philosophy is fair and simple: our nyc criminal lawyers only take on clients who we know will benefit from our services.

We’re selective about the clients we work with, and only take on cases we know align with our experience – and where we can make a difference. This is different from other law firms who are not invested in your success nor care about your outcome.

If you have a legal issue, call us for a consultation.
We are available 24/7, to help you with any – and all, challenges you face.

Loan Alternatives

Loan Alternatives: Other Ways To Get Funding

Getting a loan from a bank or online lender is one option when you need money, but it’s not the only option. Here are some loan alternatives to consider when you need cash.

Borrowing From Friends and Family

Borrowing money from friends and family can be an easy way to get funds when you’re in a bind. According to posts on r/personalfinance, many people have gotten short-term loans from friends and family to cover expenses like medical bills, car repairs, or other unexpected costs. The advantages are that you may be able to get funds quickly without a credit check or collateral. The downside is that it can damage relationships if there are disagreements about repayment terms. Be sure to formalize the loan with a promissory note.

401(k) and Retirement Account Loans

If you have money saved in a 401(k) or IRA retirement account, you may be able to borrow against it, says this Quora post. The benefit is you pay the interest to yourself instead of a bank. The risk is if you leave your job, the loan may need to be repaid quickly. Consult a financial advisor to understand the tax implications.

Home Equity Loans and Lines of Credit

If you’re a homeowner with equity, a home equity loan or line of credit allows you to borrow against the equity in your home. The pros and cons are that interest rates may be lower than other types of loans, but you risk losing your home if you can’t repay the debt. Home equity borrowing also has tax deductions.

Hard Money Loans

Hard money loans are asset-based loans provided by private investors rather than banks. They are easier to qualify for, but have higher interest rates and shorter repayment terms. Hard money loans require collateral like real estate or other assets. They work best for short-term financing needs.

Peer-to-Peer Lending

Peer-to-peer lending networks like LendingClub and Prosper allow individuals to lend money directly to borrowers. Borrowers apply online and lenders choose which loans to fund. Rates can be better than credit cards. Peer lending requires strong credit scores. There is a risk of default.

Title Loans

Auto title loans allow you to borrow against the equity in your car. Typically you can borrow up to 25-50% of the car’s value and the lender places a lien on the title. The advantage is fast cash. The downside is the high interest rates if you can’t repay the loan quickly. Be cautious with title lending.

Cash Advance Apps

Apps like Earnin, Dave, and Brigit provide cash advances against your next paycheck. There are usually no fees unless you opt for instant transfer versus standard 1-3 day transfer. These apps connect to your bank account to evaluate income and expenses. They carry some risk of overdraft fees.

Credit Card Balance Transfers

Many credit cards offer 0% intro APR balance transfer offers. This allows you to transfer high-interest debt from another card onto the new card. It gives you a 12-18 month reprieve to pay off debt without accruing interest. Be mindful of balance transfer fees.

Personal Loans

Personal installment loans can be obtained from banks, credit unions, and online lenders. Rates vary from around 5% to 36%. These unsecured loans allow you to borrow a lump sum and repay over 12-72 months. Qualification requires good credit – scores of 670+ are ideal. Shop rates from multiple lenders.

Company Sponsored Financing

Some companies offer financing programs that allow you to make big purchases (like appliances and furniture) then pay over time. Examples are Affirm, Klarna, and financing through major retailers. Rates can be 0% or reasonable – around 10-30% typically.

Medical Credit Cards

There are credit cards designed specifically to finance medical procedures including CareCredit. Many allow interest-free periods after which deferred interest kicks in if not fully paid. These cards require instant approval and allow you to start treatment quickly. Ensure you understand exact terms.

Crowdfunding Loans

Sites like GoFundMe and Fundly allow people to create fundraisers to borrow money from friends, family, and public supporters. This can work for medical bills, funeral expenses, or business ideas. Many crowdfunding platforms are free to set up but collect optional tips. You need marketing skills.

Cash from Odd Jobs

Sites like TaskRabbit, Thumbtack, and Handy connect you with people willing to pay for help running errands, minor home repairs, deliveries, and other tasks. These gig jobs offer flexible ways to earn extra money, though the income may be inconsistent.

Cash Advances from Credit Cards

Most credit cards provide the ability to get a cash advance from an ATM using your card. This can give you quick access to several hundred dollars. The downside is cash advance fees and sky-high interest rates from the minute you withdraw cash – around 25-30% typically. Use this option only as a very last resort.

Auto Pawn Loans

Loan Alternative Overview Things to Consider
Borrowing from Friends/Family • Borrow from people you know
• May not require credit checks
• Can get money quickly
• Can damage relationships
• Make repayment expectations clear
401(k) / Retirement Account Loans • Borrow against existing retirement savings
• Pay interest to yourself rather than a bank
• May have to repay quickly if leaving job
• Tax penalties if not repaid properly
Home Equity Loan/Line of Credit • Borrow against home equity
• Potentially lower interest rates
• Risk losing home as collateral if can’t repay
• Closing costs and fees

What to Consider When Evaluating Loan Alternatives

When you need money, it’s tempting to jump at the first loan you qualify for rather than exploring alternatives. Comparing all options can save you money. Here are key factors to consider with any financing option:

  • Interest rates and fees: Lower rates reduce your total repayment costs. Avoid options with high origination fees.
  • Qualification requirements: Each type of financing looks at factors like income, credit score, and collateral differently when approving applicants.
  • Repayment timeline: The longer you have to repay a debt, the more manageable payments may be. Fast repayment times can strain cash flow.
  • Risks and downsides: Every loan has pros and cons. Take the time to thoroughly understand the risks like collateral seizure, job loss impacts, or relationship fallout.

Additionally, make sure to carefully read all loan and credit agreements before signing. Get clarity on interest calculations, exact repayment terms, fees for late payments, and other key loan details that impact your rights and responsibilities as a borrower.

Explore Multiple Options When Seeking Financing

As shown above, you have many alternatives beyond standard bank loans and credit cards when you need to borrow money. Friends and family, retirement account loans, home equity lines of credit, hard money lending, peer-to-peer platforms, cash advance apps, balance transfers, installment loans, medical credit cards, personal lines of credit, crowdfunding, credit union lending, and other emerging fintech options are available.

Weigh the pros and cons of each in relation to your specific borrowing needs. Gather quotes from multiple lenders when possible. And remember – just because you qualify for a particular loan type or credit line does not mean it is the optimal financing solution for your situation. Conducting research, asking questions, and understanding all aspects of any borrowing option you consider can save you money over both the short and long-term.

Resources

Free Consultation

Testimonials

I was searching for a law firm with some power to help me deal with a warrant in New York . After 6 days I decided to go with Spodek Law Group. It helped that This law firm is well respected by not only the top law firms in New York , but the DA , Judge as well. I...

~Fonder Brandon

5 Stars
It was my good fortune to retain Spodek Law Group for representation for my legal needs. From the beginning, communication was prompt and thorough. Todd, Kenneth and Alex were the first people I worked with and they all made me feel comfortable and confident that the team was going to work hard for me. Everything was explained and any concerns...

~A G

5 Stars
After meeting with several law firms, I chose the Spodek Law Group not only for their professionalism and experience, but for the personal attention given to me right from the initial consultation. It is important to recognize how crucial having the right legal team is when faced with potentially life altering events that impact families and the lives of loved...

~George Cherubini

Spodek Law Group

White Glove Service

We Provide Superior Service, Excellent Results, At A Level Superior To Other Criminal Defense Law Firms. Regardless Of Where Your Case Is, Nationwide, We Can Help You.
View More

Request Free Consultation

Please fill out the form below to receive a free consultation, we will respond to
your inquiry within 24-hours guaranteed.

NYC

85 Broad St 30th Floor, New York, NY 10004

212-300-5196

get directions

Los Angeles

611 S Catalina St Suite 222, Los Angeles, CA 90005

212-300-5196

get directions

QUEENS

35-37 36th St, 2nd Floor Astoria, NY 11106

212-300-5196

get directions

BROOKLYN

195 Montague St., 14th Floor, Brooklyn, NY 11201

212-300-5196

get directions
Call Now!