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 139 Oasis Financial Customer Reviews and Complaints

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Average Consumer Rating: 3.1
Rating Snapshot:
5 star: 63 4 star: 7 3 star: 5 2 star: 2 1 star:  62
Bottom Line: 54% would recommend it to a friend
Showing 1-11 of 139
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  • Saved my life

    • New Jersey,
    • Sep 13, 2019
    • Verified Reviewer

    I am very grateful to Oasis Financial. I don't borrow money from family and friends. So, glad I didn't have to take out a 1000% interest "payday" loan and end up drowning in debt. Plus, I didn't have to beg, borrow or make any of my loved ones into enemies...Thanks from the bottom of my heart for this Oasis. My family truly appreciates it!

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

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  • Good

    • Georgia,
    • Sep 13, 2019
    • Verified Reviewer

    It was a great help to me in my time of need. The only thing I had a problem with was all of the fees. Just a bit ridiculous to charge that kind of money just to get the help. Outside of that, it was an experience I can say was good.

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

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  • Wish I would have borrowed more

    • Des Moines, IA,
    • Sep 13, 2019
    • Verified Reviewer

    Well, I wasn't sure how this whole situation was going to go so I only requested $1,500. Which God bless you guys it helped me tremendously. Unfortunately, I didn't go far...I had a question - are these loans just one time deals or is there a possibility I could borrow another $500-$1000?

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

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  • Fast service with Oasis

    • Indianapolis, IN,
    • Sep 12, 2019
    • Verified Reviewer

    The entire process was swift and free from a complicated procedure. I am very grateful and satisfied with the work Oasis has done for me and my family. Fast, easy, and certified or bonafide. Thanks Oasis.

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

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  • My personal opinion of Oasis Financial

    • Ponca City, OK,
    • Sep 3, 2019
    • Verified Reviewer

    Wasn't sure if I was going to be able to find the right financial loan company towards my personal injury claim. For some reason, Oasis sounds refreshing, and as much as it sounds refreshing, actually it is refreshing. The customer service was great, the automated phone service that answers your phone locating your filed through identification upon a call from your number was pretty sharp, if you ask me. Not only that, the options you have to receive your money if you're not able to get out and go to Western Union to pick it up then you have other options. But needless to say, there are options. The reaction time from the time I filled my application online, which actually took 3 minutes like they said they would, response time average within 24 hours, understandable, and cooperation with attorneys, it all went so smooth. I am back again. The interest rate is what you would expect, not half but less than half. The only thing I wonder is if you reapply for another loan they may work with you on the interest because of the amount you have already borrowed, or maybe not, but if you need money and you have a settlement I guarantee you always, this will take care of you as long as you follow the steps they give you and remain positive. They're out looking, their customer service is well beyond expected, thank you Oasis Financial.

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

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  • Amazing

    • South Bend, IN,
    • Sep 3, 2019
    • Verified Reviewer

    I had an unforeseen accident that left me unable to work. I had no idea how I was going to get caught up with my bills and this left me in a state of anxiety and stress.

    I reached out to my legal team after searching online for lenders until my case settled. I came across Oasis Financial and decided to go ahead with the application. My legal team advised me of the interest rate on this loan but it was either that or have no home. A small price to pay for keeping a roof over my head.

    I am truly satisfied and blessed that my legal team signed off on this. I was approved within 2 days. Thanks Oasis.

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

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  • Great service

    • Toledo, OH,
    • Sep 3, 2019
    • Verified Reviewer

    Great service, I highly recommend this service to anyone who needs fast, fair, and easy application process over computer or phone. Everything went smooth and I had the money needed within hours of acceptance of my application to borrow money on a pending settlement.

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

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  • Loan

    • Massachusetts,
    • Sep 3, 2019
    • Verified Reviewer

    To me, it was easy and simple, very professional, everyone was very helpful and very considering. I'm very satisfied with Oasis. I'll definitely recommend this.

    First time and it might not be the last.

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

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  • Simple and fast

    • Duncan, AZ,
    • Aug 26, 2019
    • Verified Reviewer

    Needed cash and my attorney recommended Oasis and I'm so glad they did. Doctor's visits, gas, and feeding my kids is running out savings account down fast. The extra cash really helped me and my family in this difficult time.

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

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  • Everything was done in a professional and timely.

    • Georgia,
    • Aug 22, 2019
    • Verified Reviewer

    Everything was done in a professional and timely manner. They were polite and prompt in answering any question I asked. I would recommend Oasis to friends and family. Thank you Oasis, you kept me from drowning in debt.

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

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  • 2 out 2 people found this review helpful

    Loan

    • Dillon, SC,
    • Aug 17, 2019
    • Verified Reviewer

    Oasis helped me with my fiance problem so I could get back on track with everything. I would recommend any and everyone to try Oasis. I've been going to them for a while now and I haven't had any problem with getting my money or receiving my money.

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

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Showing 1-11 of 139

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