Family Law Loans for Legal Fees in Australia
Additional resources: How to Find the Right Legal Loan for Lawyer Fees
Family law legal fees can make an already challenging experience unbearable. Specialised legal loans or lines of credit can be an excellent way to provide people with the necessary resources. But considering the right from of credit can be overwhelming on top of everything else you’re going through. How do you determine what form credit or loan product is best – and do you think you will qualify without a steading income or credit score? We’re here to help.
We understand you may have been considering a personal loan and have learned that companies like JustFund specialise in financing options similar to legal fee loans.
Not sure how to find the best legal loan for lawyer fees in Australia? Read this guide for tips and advice on selecting the ideal financing or loan for your situation.
A quick note before you read on
It can be confusing when it comes to legal fee loan options. Whilst banks offer personal loans, to qualify you must prove that you have a regular income and reliable credit, which for many is difficult. Legal fee lenders like JustFund are different because as family law specialists they are able to lend against your likely settlement. So even if you don’t have cash to pay for expenses you can get a line of credit to cover expenses and only repay at the end.
If you think you need a line of credit to help get you through your divorce or mediation to cover things like lawyer fees, moving costs, living expenses or educational expenses then it is worthwhile reaching out to JustFund to see how they can help. A family law financial specialist can determine the best option for your circumstances.
JustFund - A Flexible way to pay family law fees
JustFund is a passionate, mission-driven, social lender. They provide an innovative and flexible line of credit to pay legal bills. This allows Australians to access legal representation when going through a marital divorce or separation. With our family law experience, we help you determine the best loan for your needs.
JustFund offers an innovative approach to financing legal fees, becoming the first lender in Australia to focus exclusively on family law matters. Their specialised legal finance product helps divorcing couples cover expenses related to property settlements and parental arrangements. With partnerships spanning over 1,000 family law firms across Australia, JustFund enables you to pay invoices within 24 hours using a line of credit so you get access to quality legal advice and peace of mind you can pay the bills until you reach settlement.
Why does JustFund stand out from other lenders? They tailor lending decisions to a client’s own circumstances and legal entitlements. Unemployment or a low credit score shouldn’t be a barrier to securing a line of credit. JustFund focuses on your unique situation rather than requiring a regular income stream. If you need financial assistance, they are here to help.
Their business is marked by an empathetic approach to clients experiencing difficult times, maintaining strict professionalism in all dealings. When you speak with their team, you will communicate directly with an experienced family lawyer, not a funding assistant. They understand the emotional and financial impact of family law matters. With JustFund, clients pay manageable instalments, and you can trust they will ensure your financial needs are met every step of the way.
JustFund prides itself on quick service, assessing most applications within 10 business days of receiving all necessary information. Clients can apply at any time during the settlement process and enjoy the flexibility to use as much or as little of their credit line as needed, without penalty. All approved funds are paid directly to cover legal expenses, ensuring a seamless financial solution throughout the process.
Why JustFund are liked for legal funding
JustFund’s singular focus on family law matters allows them to offer specialised financial assistance to people in emotionally stressful legal proceedings.
Their quick turnaround ensures peace of mind for lawyers and their clients by reliably covering legal costs on time.
They have an established track record having helped thousands of Australians and consistently rank on close to five stars on google reviews
JustFund wants to help people who need it. They want to get to know your situation rather than just your credit score.
Some lenders penalise borrowers to settle their fee loans for legal fees with an early repayment fee. JustFund doesn’t charge any client with such a fee.
Interest and fees are lower than other legal loan providers, and loans can be adjusted any time throughout the matter if unexpected extra costs arise
Client Feedback:
I just thought I would drop you and the team a message in [Client’s] matter to say a big thank you.
I know you run a business, but the fact that [Client] could secure litigation lending from you guys was life changing for her in this matter.
We ran the five-day hearing last week. I am pleased to say we settled parenting on day three but await a decision on property. She was empowered to settle parenting from a stronger position than she would otherwise have been because the first three days of the hearing ran. She now has parenting orders that protect her children and are very appropriate.
Primary services
Loans for legal fees, court filings, accounting and finance advice, plus living expenses to assist people going through separation, mediation or divorce proceedings.
JustFund partners with 1,000 accredited family law firms Australia wide.
JustFund’s in house team of family lawyers work in tandem with law firms to manage client fees, professional support services and more to support clients every step of the way.
Pricing
JustFund doesn’t tie interest rates or approval chances to a client’s credit history or income level.
Helpfully, you will not pay any fees or interest out-of-pocket until you reach your settlement. Any applicable fees and charges are debit to your account and repaid as a lump sum at settlement of your family law property matter.
Once approved your line of credit is subject to the following:
Interest – interest is calculated on the outstanding balance of your account. This means that interest is charged only on what you actually use from the date of each draw down – you do not pay interest on the unused credit on your account. The current variable interest rate starts at 8.85% per annum for clients of PartnerPlus law firms.
Assessment & Administration Fee – this covers our costs of conducting a full merits assessment of your application based on your unique circumstances. It depends on the complexity of your matter and size of your line of credit, and typically starts from $560 for credit lines up to $15,000.
Invoice Processing Fee – this covers the cost of processing invoice payments on your behalf and reviewing updates on the status of your legal matter. The Invoice Processing Fee is 3.75% of each amount drawn on your account.
A caveat fee may also apply depending on your circumstances. We provide a detailed breakdown of fees and charges to all applicants.
JustFund’s lines of credit for legal fees begin at $5000 and have no upper limit. The client doesn’t pay any fees or interest until their settlement concludes.
