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


Read 162 Oasis Financial Customer Reviews and Complaints

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Average Consumer Rating: 3.2
Rating Snapshot:
5 star: 78 4 star: 9 3 star: 6 2 star: 3 1 star:  66
Bottom Line: 58% would recommend it to a friend
Showing 1-11 of 162
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  • 17 out 33 people found this review helpful

    Very Good Experience

    • Riverview, FL,
    • Aug 5, 2016
    • Verified Reviewer

    Being Desperate for money is a horrible situation! I called Oasis Financial, I had read several bad reviews for this company and I was very leery. They asked me first, what state I resided and what type of law suit. Then they immediately told me I was eligible for a loan. I asked why it took so long for others to get a response, Oasis told me depending on the state and type of case it may take awhile to research the state and case type. It took me almost 2 weeks to finally receive my money, NOT Oasis' fault. My attorneys required me to sign a release form and it needed to be notarized. My attorneys dragged their feet on mailing the form to me, I signed, notarized and hand delivered the form. Still it took several days before my attorneys released my info to Oasis.

    Was I stressed? YES! Was I calling Oasis daily? YES! Was I feeling desperate and why was this taking so long? YES! Was any of this Oasis fault? NO! Their interest rates are high, but any company would do the same thing. As always, the poor get poorer, and the rich get richer, that's life. I would recommend this company, they were always very polite and informative.

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

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  • 8 out 14 people found this review helpful

    A Bad day turned into a Great one.

    • Tampa, FL,
    • Nov 11, 2016
    • Verified Reviewer

    I was in a crunch for funds and decided to contact Oasis for a loan. Let me tell you I was having the worse week of my life. My license got revoked, my insurance canceled, and my registration canceled. After talking with Oasis they paid off my prior loan and also funded me the money I needed to get my life back on track without having to use my paychecks due to this 4 car pile up I was in. After several tag team calls and emails from myself and my attorney, we got the job done and got me funded. Thank you Oasis.

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

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  • 5 out 10 people found this review helpful

    Thank you

    • Concord, California ,
    • Dec 2, 2016
    • Verified Reviewer

    When Oasis called me this morning it made me very happy, everyone I spoke with was awesome. I will recommend Oasis to anyone in this type of situation. Thank you for your help during these hard times in my life.

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

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  • 8 out 17 people found this review helpful

    Extremely Pleased

    I was involved in a severe car accident in January of 2016 when an elderly woman ran a red light on a highway as I was entering the intersection. The accident not only totaled my vehicle, but I have had two spinal surgeries (so far), will need an additional fusion as well as I have been unable to run my business for almost a year. Oasis has been a God-send to say the least. When I first applied in August I was approved for $6,000. In the following months, they have graciously funded me an additional 3 times. There are many mitigating factors that determine if your case is viable or not, such as the strength of the case, amount of the liability coverage from the other party, risk vs reward. Yes, the interest rate is high, however, if applicants were in a position to find funding elsewhere there would be no need for companies such as Oasis. Each time I have called I have been treated with respect, professionalism, courtesy, and even empathy. All my questions have been answered and the process is extremely easy, and the information was disclosed in detail before the transaction occurs. I would HIGHLY recommend Oasis.

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

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  • 4 out 6 people found this review helpful

    A blessing

    • Woodstock, IL,
    • Feb 6, 2017
    • Verified Reviewer

    I lost my car and job due to my accident (which wasn't my fault). I got injured on top of all that too. I lost my second income and needed cash to pay bills and get household items, and I'm a single mother of three. It took less than two days to get the money I needed. They were all very nice and professional and helped me with what I needed.

    Yes, I know I will have to pay interest (as with any other loan places), and it also depends on how much you receive from them. But I'm not worried about that right now; I'm just so glad they could help me, so thank you Oasis. And thank you much to my lawyer who referred me to them.

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

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    • Feb 20, 2017

      Company Response from Oasis Legal Finance, LLC

      Glad we were able to help, Sarah! Have a great week.


  • 4 out 6 people found this review helpful

    A true Oasis for me.

    • Bloomington, IL,
    • Feb 10, 2017
    • Verified Reviewer

    This company saved my house, my cars, and my sanity. While fighting my case, my Temporary Total Disability payments were stopped, which is a tactic used by all insurance companies that forces a hurt individual to either settle for a reduced amount or lose everything they've worked for.

    I called Oasis and was promptly greeted by absolutely the most pleasant person whom listened to my problems and took my information. I then received a phone call from my case worker Kassi, and she and her team went to work approving me for funding. She and her team were absolutely my "oasis" in the middle of a desert of insurance company tactics. They provided numerous advances while my attorney was able to negotiate a larger settlement.

    With Oasis, I was able to maintain my home and keep my assets that I had accumulated over many years. Thank you Oasis, and thank you, Kassi. I would fully recommend Oasis to my friends and family.

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

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    • Feb 20, 2017

      Company Response from Oasis Legal Finance, LLC

      Jeff, I'm so happy we were able to help!


  • Good

    • Decatur, IL,
    • May 28, 2019
    • Verified Reviewer

    Stuck between a rock and hard place. I was homeless and your organization gave me money for a place to live. I can’t work without being in so much pain and didn’t know what else to do.

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

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  • Awesome help

    • Jacksonville, FL,
    • May 29, 2019
    • Verified Reviewer

    Oasis Financial helped me in a nick of time, right on time. It was like being rescued from my nagging bills. I didn't have to wait at all. Oasis got right on top of things and sent me the money just like promised. I really appreciate the help that I received from them and I would definitely recommend them to anyone.

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

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  • Everyone was nice

    • Florida,
    • May 30, 2019
    • Verified Reviewer

    Very nice and helpful and fast. Helped me get out of a jam and I just found out I have cancer in my mouth so I have applied to try and get more. Hopefully y’all can help so I don’t die.

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

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  • Just in time

    • Florida,
    • Jun 13, 2019
    • Verified Reviewer

    Just as I was running out of money to pay for an Uber or Lyft, Oasis approved and delivered funds from my case within a few hours. The process was very simple and easy as long as you have everything that they need. I’m looking forward to using them again in the near future.

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

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  • Oasis is awesome

    • Manassas, VA,
    • Jun 7, 2019
    • Verified Reviewer

    Oasis helped me out when I needed them most. I had an unexpected layoff and they helped me to take care of my bills till I was able to find another job. Thank you so much, Oasis, you guys really pulled through for me.

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

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Showing 1-11 of 162

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