About Oasis Financial

As their name implies, Oasis Financial 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 Financial Works

Like Peachtree Settlement Funding, JG Wentworth, Annuity.org, and others, Oasis Financial 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 Financial 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 Financial 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 Financial 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 Financial'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 Financial Pricing

According to the Oasis Financial 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 Financial Finance?

Keep in mind that, while the cash provided by Oasis Financial 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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Read 110 Oasis Financial Customer Reviews and Complaints

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Average Consumer Rating: 2.6
Rating Snapshot:
5 star: 39 4 star: 3 3 star: 5 2 star: 2 1 star:  61
Bottom Line: 43% would recommend it to a friend
Showing 1-11 of 110
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  • Grateful

    • Texas,
    • Jul 20, 2019
    • Verified Reviewer

    They came in right on time with the help of the money I needed. I got to pay my bills on time and catch up on other things also. I wish I could have got a little more of the loan but I wasn't tripping because I had nothing and they came along and help me right on time. And thank them for it.

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

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  • Good but took long

    • Utah,
    • Jul 20, 2019
    • Verified Reviewer

    Took long to get first time lost application. Second time they had trouble processing it into my account so had to have it Western Unioned. Little frustrating but did finally get it.

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

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  • 1 out 1 people found this review helpful

    Great service

    • Arizona,
    • Jul 20, 2019
    • Verified Reviewer

    I will recommend Oasis to anyone who would like to borrow money waiting for your settlement on your car accident. It's a great thing for them to help you with money. You know if you win your case you have to pay it back, and if you lose your case you do not have to pay you back. Please give Oasis as a call if you would like to recommend a friend.

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

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  • 2 out 2 people found this review helpful

    Oasis experience

    • Baytown, TX,
    • Jul 18, 2019
    • Verified Reviewer

    Since my accident in March I have been struggling to catch up on bills. Oasis was a big help because the electric bill and water bill seem like it comes so quickly. When my lawyer told me I can receive a loan I was very relieved because I am still struggling with basic needs such as food and personal hygiene products. I now know that being in an auto accident can offset a lot of things in someone's life.

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

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  • Fast and convenient

    • New York,
    • Jul 11, 2019
    • Verified Reviewer

    My family and I were in a spot. Due to me being out of work for a year and a half, almost three quarters. Our bills and financial stability faltered. Through the efforts and diligence of my lawyer. Through the law firm if Martin Harding and Mazzotti. Oasis Financial assisted me in post-haste. By doing so my family and I were able to fix all of our financial defaults accrued over time. I would highly recommend Oasis Financial to anyone in a residual or annual income.

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

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  • 1 out 1 people found this review helpful

    Too much of an interest rate

    • St. Louis, MO,
    • Jul 9, 2019
    • Verified Reviewer

    The cash is fast and it helps but the interest rate is so overrated it’s ridiculous, and you need to be fine for that. And then the time frame on recovering the money is procrastinating with the Western Union, or even if you have a prepaid debit card. I just find it insulting on the time as well as the interest rate on the small dollar amount, I would have to pay twice as much as I borrowed. So no, I will not be recommending anyone or asking for another advance. Thanks, but no thanks.

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

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  • 1 out 2 people found this review helpful

    A helpful source

    • Chicago, IL,
    • Jul 9, 2019
    • Verified Reviewer

    You guys were quick and the terms were reasonable and understandable, and you guys were right on time. I would use your services again if I had to. Plus I'm letting friends and family know about you guys. Thanks so much.

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

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  • 1 out 2 people found this review helpful

    Happy customer

    • West Palm Beach, FL,
    • Jul 1, 2019
    • Verified Reviewer

    Their staff was very professional, I got my money in a timely manner, I received my money with no problems, they were very quick. I highly recommend. You guys keep up the good work.

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

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  • 0 out 1 people found this review helpful

    Great experience

    • Illinois,
    • Jun 28, 2019
    • Verified Reviewer

    Oasis had been a true blessing for my family and I. I was able to pay for my child's tuition and prevent eviction with my rent. Thank you guys so much for everything. I would recommend this service to anyone having a hardship while waiting for their settlement.

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

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  • 2 out 3 people found this review helpful

    Loan

    • Durant, OK,
    • Jun 27, 2019
    • Verified Reviewer

    I'm thankful for Oasis, was almost evicted, was behind on everything, couldn't make ends meet and was on the verge of being homeless, and my utilities were being disconnected. Tried to get help, couldn't find anyone willing to take a chance, but once again, thanks for your help.

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

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  • 0 out 1 people found this review helpful

    No work since the accident

    • Nashville, TN,
    • Jun 27, 2019
    • Verified Reviewer

    I really appreciate the help. I haven’t been able to work since my accident and I have no insurance and the ticket for not having it. My insurance was supposed to be paid today but no income since the idiot was on the phone and hit me and my daughter. I have been in so much pain. You all helped me keep my place and help get my breaks done and oil he failed to realize it set me back. I’m a single parent of three, but thank you so much, y’all are life savers. I will recommend that people come to you.

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

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Showing 1-11 of 110

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