Frequently Asked Questions
When do I apply?
You can apply at any stage in your separation process, including at the very outset. You can also apply if you have unpaid legal bills and would like to access funds to support their payment.
What family law matters are eligible?
JustFund will provide a line of credit to individuals negotiating a property split as part of their separation. This can include parenting matters if it is connected to, or being run alongside, a property split.
How is eligibility assessed?
To understand if you are eligible, we consider the amount of funding required relative to the amount you are likely to receive from your property split. What’s most important to us is that you will retain your fair share of the family asset pool to ensure your future financial security.
Is my credit score affected?
No - we only perform a “soft” credit check, which does not impact your credit score. The soft check will be noted on your credit report but has no effect on your overall score.
Do you take security?
We’re different from most lenders because taking security isn’t always a requirement. Instead, we assess security requirements on a case-by-case basis. That means our funding can still be provided if clients are not on a property title. However, in many cases it may be necessary to take security over property where a client is registered on the title.
Do I need a solicitor?
You are welcome to apply to understand if you might be eligible for funding. However, we can only establish a line of credit once you have selected an accredited lawyer to act for you on your family law matter. If you don’t have a lawyer, we can always help you find one from our large, national network of family law firms.
What are the fees?
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:
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.
A caveat fee may also apply depending on your circumstances. We provide a detailed breakdown of fees and charges to all applicants.