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

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


Read 180 Oasis Financial Customer Reviews and Complaints

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Average Customer Rating: 3.3
Rating Snapshot:
5 star: 94 4 star: 10 3 star: 6 2 star: 3 1 star:  67
Bottom Line: 62% would recommend it to a friend
Showing 1-11 of 180
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  • Ok service

    • By Sarah R.,
    • Wellford, SC,
    • Jan 13, 2020
    • Verified Reviewer

    They really helped me. I just wish I could make payments, instead of the money coming out of my very small settlement. Other than that, it really helped me. This is all I have to say, my attorney, I'm not so happy with.

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

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  • Milton is the best!

    • By Tiera P.,
    • Houston, TX,
    • Jan 13, 2020
    • Verified Reviewer

    My experience was the best, they worked really fast on my case, and they made sure I was happy. The first person I spoke to was Milton, he’s very professional and understanding. The people after him, they are really straight to the point but I’m not complaining, I have no problem calling back for things I don’t understand. Overall, I had a great experience!

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

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  • 1 out 1 people found this review helpful

    I needed help so my kids could have Christmas

    • By Anthony H.,
    • Illinois,
    • Jan 13, 2020
    • Verified Reviewer

    I'm very grateful for Oasis, if it wasn't for Oasis, my kids would not have had Christmas. My Workers Comp checks stopped and I didn't have anything. I was depressed trying to figure out where was I going to get the money for my children for Christmas. I saw a commercial talking about Oasis so I gave them a call and my kids were happy, and so was I. Thank you Oasis, my kids had Christmas.

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

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  • Thankful

    • By Sherman W.,
    • Virginia,
    • Jan 3, 2020
    • Verified Reviewer

    Very pleased that it didn't take that long and I would recommend it to anybody, thank you for helping me on my worse day.

    Might be one of the good services that helps quickly, I love it.

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

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  • Car accident, slow case...needed cash.

    • By Ebony M.,
    • Lithonia, GA,
    • Jan 3, 2020
    • Verified Reviewer

    Fast approvals. Good service. Very satisfied. No hassle, no wait. Would use again and definitely recommend to friends for excellent service. May have to use again due to case still not settled and in financial distress.

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

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  • Pre settlement funding

    • By Tabitha A.,
    • Culloden, GA,
    • Dec 27, 2019
    • Verified Reviewer

    If it wasn't for Oasis I would have lost it everything, including my job. And my kids would not have been able to have Christmas. Without Oasis I don't know what I would have done. I recommend Oasis to anyone who is in need! So I must say thank you for helping me with this funding Oasis. I wouldn't have made it without you.

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

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  • The greatest

    • By Tamika W.,
    • Michigan,
    • Dec 26, 2019
    • Verified Reviewer

    Oasis Financial was able to come through for me during my waiting period. I recommend them highly. During this difficult time in anyone's life waiting on a pre-settlement Oasis totally came through and was able to provide me with what I needed!

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

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  • Professional and timely

    • By Candace S.,
    • Sheboygan, WI,
    • Dec 17, 2019
    • Verified Reviewer

    Although Oasis Financial was a bit higher for their interest rate than other companies, their staff was very professional and very timely in taking care of my pre-settlement loan. I was able to gain access to my loan within 3 days and pay my outstanding bills and rent.

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

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  • Excellent

    • By James W.,
    • Atlanta, GA,
    • Dec 17, 2019
    • Verified Reviewer

    It was a breeze, the text message updates help. I also like the 24-hour chat you guys have to further help assist loaners, it was relatively quick and easy, thank you Oasis Financial. And also I like the options of payment through Western Union or cash check or direct deposit, it's the best service I ever had in this field.

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

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  • I needed extra funds and Oasis helped to provide that.

    • By Shirley W.,
    • West Haven, CT,
    • Dec 17, 2019
    • Verified Reviewer

    I was running low on cash and needed extra funds to pay my bills this month. The people at Oasis were very helpful to me and the resources that I needed were received immediately. I am grateful that I was able to depend on them in my time of need. I would recommend Oasis to a friend without a doubt.

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

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  • Excellent service

    • By Phishelle H.,
    • Newark, OH,
    • Dec 17, 2019
    • Verified Reviewer

    I was really in need of cash to get caught up on my bills that were in a disconnect as well as repairs on my vehicle. I heard of Oasis through my cousin, who had also used their services before. I applied and spoke with my attorney about the situation and they were more than willing to agree with the amount I asked for. In a matter of 2 business days, I was no longer in debt that was hindering over my head. Thank you Oasis for being my financial support when needed the most!

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

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Showing 1-11 of 180

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