About Oasis Legal Finance

As their name implies, Oasis Legal Finance specializes in lawsuit and legal funding services targeted toward individuals who need to liquefy cash related to pending legal settlements.

The company claims to be the “largest and most recognized national brand in legal finance providing non-recourse lawsuit funding to consumers involved in personal injury litigation,” and to be a fast and efficient method of obtaining the cash you need.

In business since 2002, Oasis Legal Finance is based out of Chicago, IL, and is a founding member of American Legal Finance Association (ALFA).

The company holds an A+ rating with the Better Business Bureau, which is based on 13 closed complaints over the past three years.

Based on our research, the most common complaints we encountered cited high fees, which in some instances amounted to more than the final settlement (read more about this in the Bottom Line section).

How Oasis Legal Finance Works

Like Peachtree Settlement Funding, JG Wentworth, Annuity.org, and others, Oasis Legal Finance can help you liquefy future payments related to structured settlements, and turn it into a lump sum cash payment.

Unlike these other companies, though, Oasis Legal Finance specializes in lawsuit and legal funding.

For example: If you’re involved in a personal injury suit and find yourself unemployed for a period of time, your obligations don’t stop. You may have a mortgage, car note, medical and legal bills, and more, all of which need to be paid each month.

With this in mind, Oasis Legal Finance claims to have “a simple, fast and efficient streamlined funding process” that can provide you with the cash you need, in exchange for “selling” them the future payments related to a pending settlement. This is how it works:

  1. You submit your application and give Oasis Legal Finance permission to speak with your attorney, who will then contact them to see whether or not your case qualifies.
  2. Your lawyer will prepare documents relevant to your case, including retainer agreements, incident reports, medical bill summaries, and so forth.
  3. If Oasis Legal Finance’s “team of legal, business and financial professionals” deems your case to be strong, funding will proceed from there. For full details, see the company’s Funding Overview.

Oasis Legal Finance Pricing

According to the Oasis Legal Finance website applying is free, and there are no upfront costs. The company also claims that, because the process is not a traditional loan, your credit rating has no impact on your approval, which can often be obtained in 2 days.

Fees associated with your future payment purchase often vary and will need to be discussed with the company at 877-333-6675 or via an online form.

Pros

  • Claims to be the “largest and most recognized national brand in legal finance.”
  • Claims that if you don’t win your case, there’s nothing to repay.
  • Extensive website with very detailed information about the legal funding process.
  • A rating with the Better Business Bureau.

Cons

  • Numerous customer complaints involving high fees, in some instances, totaling more than the final settlement amount.

Bottom Line – Should you Use Oasis Legal Finance?

Keep in mind that, while the cash provided by Oasis Legal Finance technically doesn’t constitute a loan, if you don’t repay it quickly, large fees and high interest rates can quickly add up.

In fact, according to this NY Times article from 2011, because legal lending “remains unregulated in most states,” they are “unrestrained by laws that cap interest rates,” which “often exceed 100 percent a year.”

This means that if your case doesn’t conclude soon after taking out your “loan,” you could end up paying thousands in interest.

As a testament to this, one of the individuals mentioned in the article owed Oasis Legal Finance more than $23,000 after it took their case 18 months to settle, on a loan that originally totaled just over $9,000. To further solidify the issue, you can read about similar situations here, here, and here.

In addition, Oasis Legal Finance was sued by the State of Colorado in 2010 for alleged deceptive trade practices and unlicensed lending, which appears to have been upheld by the courts.

Ultimately, Oasis counter-sued, claiming that “the state was improperly trying to regulate them as lenders under the Uniform Consumer Credit Code.” A copy of the court documents can be found here.

What this comes down to is that if you don’t absolutely have to take out a “legal funding” loan, it’s best to avoid them altogether.

Read Next: The Minimalist Guide to Selling Your Structured Settlement

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55 Customer Reviews for Oasis Legal Finance

Average Customer Rating: 1.7
Rating Snapshot:
5 star: 8 4 star: 0 3 star: 1 2 star: 2 1 star:  44
Bottom Line: 16% would recommend it to a friend
Showing 1-11 of 55
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  • 8 out 8 people found this review helpful

    Interest charges

    I was happy with my service until I received my settlement offer. I borrowed $3,200 and the pay back is over $11,000. Why is this done? Why so much interest? This is like a loan shark who boost up the amount to pay back to cushion their pockets.

    Bottom Line: No, I would not recommend this to a friend

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  • 8 out 8 people found this review helpful

    They don't help

    I got an advance cash settlement statement for $500. I ended up getting behind in rent and applied for additional funding only to be turned down a few times. My attorney told them I had a very good case and I was still turned down. Now I'm living with a friend until my settlement is done not happy at all with them.

    Bottom Line: No, I would not recommend this to a friend

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  • 13 out 14 people found this review helpful

    This place sucks!

    • Illinois,
    • Jul 11, 2017
    • Verified Reviewer

    This place is a joke. These guys are full of crap. They don't help people. They just sealed the deal on me losing our place for my children and me to live. I don't know how these people can sleep at night. They are horrible. And I will deter anyone I know from this company.

    Bottom Line: No, I would not recommend this to a friend

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  • 18 out 18 people found this review helpful

    Worst experience of my life. Don't do it! Seriously.

    OMG, Oasis Legal Finance is by far the worst! They are not true to their word, and very unethically spoken communication to its patrons. They just lie about everything including repayment terms, and interest paid on the loans.

    I borrowed $1900 and had to pay back over $3000 in six months, and they're bullying my lawyer and me with the repayment terms. They say one thing and are doing another. Honestly, I'm ready to withdraw my settlements, fire my lawyer, or make a deal with the insurance company on my own. I don't plan on letting them steal the heck out of my pockets like that and dictate and bully my lawyer and me on how much they can accept as a partial payment.

    Due to me having multiple lawsuits and a small one settling soon before the biggest ones, they want to put holds on every lawsuit I have, and I'm not losing to them blood suckers. We'll all lose together before I let them rob me like that!

    Bottom Line: No, I would not recommend this to a friend

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  • 5 out 6 people found this review helpful

    Didn't get my money within 24 hours

    Well, I got approved for a loan on my injury settlement and my lawyer signed all the paperwork, and I also did, and I still haven't received a tracking number for my money. I thought they were supposed to get it to you fast within 24 hours, and all the paperwork has been done since Friday. Now they are saying that no counselors are in the office until Monday, so that means I'm having to wait three days to get my money.

    I'm let down and disappointed because I thought it was supposed to be fast like the commercial says, so I don't recommend doing it on a Friday to anyone because they will make you wait until Monday, and some bills just can't wait. So it's not very convenient. Had I known this, I wouldn't have used this company. Other companies do have people in the office on Saturdays to get you your money fast.

    Bottom Line: Yes, I would recommend this to a friend

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  • 16 out 16 people found this review helpful

    Very expensive to get small amount of money

    • Las Vegas, NV,
    • Jun 24, 2017
    • Verified Reviewer

    I called Oasis after seeing a commercial for it. I never used a company like this. Very nice people on the phone. Good follow-up initially. The process was easy, and application and online documents were fine. I got approved for $1,140.00 of a $65,000.00 settlement. That's all their underwriters would approve.

    My lawyer understood, but this company is too expensive. I called Oasis several times for my case manager with questions. She didn't call me back. I found another funding company in New York. I got twice the money for less than Oasis would charge. I got a check the next day. Easy process. No added fees or $113.00 to Western Union, or processing fee, or monthly maintainable fee.

    Do your research! I'm glad I did. Thanks.

    Bottom Line: No, I would not recommend this to a friend

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  • 16 out 17 people found this review helpful

    From the bottom of my heart

    No thanks from this end. I asked for help from Oasis for months while my case settled but help never came, not even a follow up to my many calls. The APR on their loans is outrageous! You're much better of without Oasis' help, believe me!

    Bottom Line: No, I would not recommend this to a friend

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  • 10 out 10 people found this review helpful

    Hurry up and wait

    • Phoenix, AZ,
    • May 22, 2017
    • Verified Reviewer

    Yeah, they say in as little as 24 hours, and that's correct, it takes them 24 hours to even contact your attorney and then take the weekend to make a decision and call on Monday. Although their payback is guaranteed, my attorney has allready settled the case and I am just waiting for the check to come, which may come before Oasis makes there decision. Money in a rush, don't call Oasis!

    Bottom Line: No, I would not recommend this to a friend

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  • 22 out 22 people found this review helpful

    Horrible company

    I've contacted Oasis on Monday for an advancement, and they told me it would take 24-48 hours for a response to see if I am approved or not. The call representatives are very rude. It is now Saturday and I still have not as of yet received an answer.

    I do not understand why their representatives are rude when I am the one in need of extreme help with funding, and it seems as if they just don't care. Oasis please stop telling people it will take 24-48 hours and your client/customer have been waiting weeks for an answer.

    Lastly, they are not honest and cannot give me an accurate answer. I've called so many times to the point where one person tells me one thing and then when I call back someone else tells me something different. A guy named by David answered the phone very rudely and just horrible. Horrible, horrible, horrible experience with these guys. I asked one of their representatives if I should go back to the financial company I was using and she told me basically go right on if I feel that's what I need to do. I would think they would give you a better response than that.

    Oh well. Thanks, but no thanks Oasis!

    Bottom Line: No, I would not recommend this to a friend

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    Comments (4)
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    • May 10, 2017

      Crystal Olsen, Public Affairs Manager

      Hi, Jasmine! I'm sorry you had such a frustrating experience, and we didn't get to work with you.

    • Jun 12, 2017

      Jerry Semenick

      I received $2,200 and paid back $5,500 for a 10-month loan. You screw with us folks, and take advantage of us and lie about the amount of repayment!

    • Jul 7, 2017

      Angela Johnson

      OMG, Oasis Legal Financial is by far the worst! They are not true to their word, and very unethically spoken communication to its patrons. They lie about everything including repayment terms and interest paid on the loans. I borrowed $1900 and have to pay back over $3000 back in six months. They are bullying my lawyer, and regards to repayment terms they say one thing and do another. Honestly, I'm ready to withdraw my settlements, fire my lawyer, or make a deal with the insurance company on my own.

    • Aug 8, 2017

      Jamie M Brown

      They really don't help at all.

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  • 8 out 14 people found this review helpful

    Rescued

    • Salt Lake City, UT,
    • Mar 14, 2017
    • Verified Reviewer

    This service is a life saver. I got hurt in an accident and can't do what I used to for a living without unbearable pain. I lost my job, place to live, credit rating and quality of life, amongst many other things. I had nowhere to turn. The other party's insurance company takes time to negotiate claims and meanwhile my life is denigrated.

    I applied for help and received it quickly. As in next day Western Union. I was able to eat, get phone service and keep my vehicle. Thanks to Oasis!

    Bottom Line: Yes, I would recommend this to a friend

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    Comments (4)
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    • Mar 14, 2017

      Crystal Olsen, Public Affairs Manager

      Hi Melody! Thanks so much for the review. I am glad we were able to help.

    • May 4, 2017

      Renea Rountree

      I would like to apply.

    • Jun 8, 2017

      Steven Weinstein

      I have used pre-settlement funding for a personal accident. But I used a company called lawsuitfunder.com. They gave me great rates and good customer service. So maybe some companies are bad but there are good companies out there also. Do your research.

    • Jun 8, 2017

      Michael

      I'm reading way too many bad reviews for this company. Maybe it is better to forget about it.

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  • 15 out 16 people found this review helpful

    Scam of Oasis financial services

    They say you can get a loan on your lawsuit, but they are picky about what kind of lawsuits they will allow you to have in order to get one of their loans. They don't really want to help the ones that really need their services. This company is a total scam.

    Bottom Line: No, I would not recommend this to a friend

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    Comments (1)
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    • Feb 20, 2017

      Crystal Olsen, Public Affairs Manager

      Hi Cheryl! I'm sorry you feel frustrated. I understand. Our underwriters do look at cases before offering funding and are conservative in their determinations. Feel free to give us a call back if there is a change in your case. Have a good week.

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Showing 1-11 of 55

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