Oasis Financial: Is it Legit? (Recommended)

Oasis Financial, LLC was founded in 1996 by attorneys who wanted to find a financial solution for their clients struggling to pay bills and making ends meet during their lawsuits.

How Oasis Financial Works

Oasis Legal Funding

Oasis aims to provide financial assistance via pre-settlement funding while the case is being handled, which is a good option for people who need extra cash to get the bills paid.

The funding amount is based on the estimated settlement once the case has been closed, and is non-recourse: meaning the client only pays Oasis Legal Finance, LLC back if they win their case.

How Ally Lawsuit Loans and Oasis Financial Compare

When looking for legal funding, you should compare all of your options. Here are some of the ways that Ally Lawsuit Loans compares to Oasis Financial.

Ally Lawsuit Loans Guarantees the Lowest Rate in the Industry

For most lawsuit funding companies, the interest rate depends on the nature of your case. At Ally Lawsuit Loans, we guarantee the lowest interest rate in the industry.

Both Companies Offer Risk-Free Settlement Funding

Both companies offer risk-free funding for lawsuits. This means that if you don’t win your case, then you do not have to pay back the funding amount. 

How Long Does it Take for the Companies to Approve Applications?

Oasis Financial estimates two full business days to review funding applications. However, they also state that approval for funding varies based on the type of case. Ally Lawsuit Loans approves most funding within 24 hours.

Neither Company Performs a Credit Check on Applicants

Both Ally Lawsuit Loans and Oasis Financial ignore the credit history of clients applying for lawsuit funding.

What’s the Average Lawsuit Funding Amount?

Ally Lawsuit Loans provides lawsuit funding anywhere between $500 and $750,000, depending on the case value. As a standard, Oasis Financial only offers funding between $500 and $100,000 in most cases.

A pre-settlement fund is when a client receives part of their own settlement upfront and is repaid with the settlement the client receives at the closing of their case.

To get a lawsuit cash advance from Oasis Financial, plaintiffs apply on an online form. Oasis Financial reviews the case and contacts the plaintiff’s attorney for more information. After this review, Oasis determines whether to offer the plaintiff a settlement cash advance.

Oasis Financial Pricing

Customers do not pay an application fee to apply for a settlement cash advance from Oasis Financial, and the company requires no upfront charges. Oasis offers cash advances ranging from $500 to $100,000. Plaintiffs with higher settlement potential (as determined when Oasis Financial reviews each case) are eligible for more money in an Oasis advance. Cash advances are typically between 5-10% of the final settlement.

Oasis Financial handles multiple types of cases, including auto accidents, road traffic injuries, workers’ comp, workplace negligence, and others.

The company advertises that they will deliver funds to an applicant’s account within 24 hours, once Oasis Financial reviews and approves the lawsuit cash advance. However, this promise includes the disclaimer “as permitted by your state laws,” indicating the lender may not deliver cash that quickly in all states.

Benefits of Using Oasis Financial

Oasis Financial claims that it is the “largest and most recognized national brand in legal finance.”

The plaintiffs in extended personal injury litigation may find Oasis Financial’s cash advances helpful. While plaintiffs wait for their case to settle, their medical bills pile up. Many plaintiffs may be unable to work, putting them in a financially compromised position.

Oasis Financial steps in to fill that cash gap, claiming to be a “financial lifeline” for struggling personal injury plaintiffs. With a cash advance from Oasis or other lawsuit settlement advance lenders, plaintiffs access their award before their case settles.

Oasis claims that plaintiffs who lose their cases are not obligated to repay their lawsuit cash advance.

Disadvantages to Using Oasis Financial

Online review site Highya reviewed Oasis Financial. It found Oasis Financial stands out from some other lenders in that it focuses exclusively on lawsuit funding. 

However, Highya determined that the most common customer complaints against Oasis Financial were “high fees, which in some instances amounted to more than the final settlement.” If plaintiffs do not repay Oasis cash advance quickly, fees and interest charges could add up to a significant repayment amount. So, if your case extends long after Oasis gives you funding, you face larger sums of interest charges.

The State of Colorado sued Oasis Financial in 2010 for “deceptive trade practices and unlicensed lending.” The Colorado Attorney General wanted the company to make proper disclosures to consumers who apply for lawsuit cash advances. 

Get Out of Debt Guy reports that before the lawsuit, Oasis was charging customers interest rate APRs “ranging from 60 percent to 125 percent.” Oasis countersued the State of Colorado, asserting that “the state was improperly trying to regulate them as lenders under the Uniform Consumer Credit Code.”

SourceReview Overview
Yelp9 Oasis Financial reviews total → 1 out of 5 stars
GoogleNo Oasis Financial reviews
Facebook53 Oasis Financial reviews total→ 2.3 out of 5 stars
BBBA+ rating, 33 Oasis Financial reviews → 1.5 out of 5 stars

Some of the positive things people are saying about Oasis Legal Financial, LLC:

Oasis was a big help. They are very straightforward and responsive. Great company. Would definitely recommend them to a friend. Very nice people to help me out. Extremely happy with all at Oasis financial.

A.T. from Chicago, IL, left a 5 star review back in February of 2016 via Yelp.

Awesome, I asked for a $10,000 loan got it in 24 hours. Thank you Oasis and Jennifer Delgado for helping me get my life up. I needed this push in life. Awesome job.” Mr. Combs gave the company 5 stars in August 2018.

Antonio Combs, left a 5 star review on Facebook

..This company stood by me, assisted me within 24 hrs, very professional, outstanding & they are there to assist you.

Facebook 5-star review left by Yvankovich Joyce in April 2015

I came to Oasis because I was about to lose my place to live! I was in dying need and received a five day notice with no options at all! Finally I called my lawyer and they recommended me to get an Oasis loan. I called and within six hours I had my money! I just had to request more and it was a success and I can’t express how appreciative I am that there are services out here like this! I hurt my back and had two surgeries and have been disabled and can’t work… I just recently lost benefits and this was my only resort! Thank you again!

Nichole from Machesney Park, Illinois left a 5-star review on Consumer Affairs in November 2019

On the other hand, there were some unfavorable outcomes for a few customers:

They could improve by being more honest and direct...My case just settled and they are charging me $6,000 and some change, versus what they told me. That's an INSANE interest rate.

Kwame Laster left a 1 star review on the company’s Facebook page

...The interest is triple the amount which is horrible. It is very sad how this company treats people in need…”

Angie P. left a 1 star review on the Better Business Bureau

Crystal left a review on the company's Better Business Bureau Page:

They did not offer me a second advance. Really disappointed. I applied several times and got denied and they cannot say I went elsewhere until after I kept being denied I felt hopeless and I'm almost certain that they tell other lending companies not to work with me because Oasis in my opinion are greedy.

2 out of 5 star review on the Better Business Bureau page in August 2019 left by Crystal

Miah left a 1-star review on the company’s Better Business Bureau Page:

When I asked to speak with a case manager I was told that they do not speak to clients, which that is an absolute lie.

1 out of 5 star review on the Better Business Bureau page in September 2019

Iadonna left a 1-star review on the company's Consumer Affairs Business Page:

Before I signed [the documents], it stated that I was approved for a loan for 2500. After signing for the documents, about ten minutes later I received another email stating that the amount that I was approved for had changed to 1140... Then this is the killing part about it. I only received 1009 dollars out of the 1140 that I signed for. So guess how much I have to pay them back... 1790 dollars. So with all that being said, if you can wait on your settlement please wait because you will be out of a lot more money if you don't.

1 out of 5 star review left on the Consumer Affairs business page in September 2019

Get a Lawsuit Funding Quote from Ally Lawsuit Loans

When you need cash while waiting for your lawsuit settlement, contact Ally Lawsuit Loans. Our lowest interest rate guarantee and quick application approval make applying for a lawsuit cash advance simple. We will let you know if you qualify within 24 hours. We are also risk-free; if you lose your case, you owe us nothing.

Lawsuits are financially and emotionally stressful, but we can help. Apply today and relieve some of your stress.

Fire Lawsuit Loans

| Read Time: 2 minutes

There are few things scarier than being trapped in a fire. Whether it happens at work or at home, a fire can cause serious injuries as well as property damage. If you are injured in a fire caused by another, you may be in the process of a lawsuit to begin rebuilding your life. You may also be wondering how you will be able to make ends meet when the medical bills are piling up and you are still waiting on an injury settlement. If this is the case, you may qualify for a fire lawsuit loan.  Fire Statistics More than 25% of fires occur in homes or rental properties. Sadly, nearly 80% of fire deaths and three-quarters of fire injuries are caused by these fires. In addition, structure fires not related to wildfires cause over $10 billion in property damage every year. Whether it’s your house or other personal belongings, the losses that fires cause can be catastrophic. What Is a Fire Lawsuit Loan? Burn recovery can be painful and expensive. You will likely quickly accrue medical costs, which will continue for weeks or even months. Paying the bills may get difficult if you are unable to work. But that’s just the beginning. Fire injury lawsuits, like any personal injury claim, cost money. Although you expect to receive a settlement or jury award, waiting for those funds to materialize may mean that you are forced to cover medical treatment, property repairs, and other expenses by yourself. That’s where a premise liability settlement loan can help. When Do I Need a Loan? Lawsuit loans are primarily used to help plaintiffs cover expenses in the interim between filing their claim and receiving a settlement. This takes time. And the more damage you have, the longer a settlement may take. Insurance companies will want to take their sweet time verifying liability and damage amounts to avoid paying big settlements as much as possible. In the meantime, you are beginning property repairs and medical treatments. This is especially stressful if you are unable to work. How Can a Fire Lawsuit Loan Help Me? A settlement loan can help you cover your ongoing expenses while you wait for a settlement. If for some reason you don’t win your case, you won’t have to worry about paying back the loan. Lawsuit loans can get you cash quickly so that you can pay your bills and begin repair work while the insurance companies hash it out. All you need to do is fill out an application with your claim information. The legal loan company will then work with your attorney to verify how much financial support you may need. If you are approved, you can expect cash in just a few days. Call Ally Lawsuit Loans for a Premise Liability Lawsuit Loan Today! Have you been injured in a fire and don’t know what to do next? Ally Lawsuit Loans may be able to help. We provide loans for personal injury and class-action lawsuits, including those for burn victims. To learn more about the process visit our loans FAQ page or call us at 213-418-1736.

Read More

Uber Car Accident Loan

| Read Time: 3 minutes

Ridesharing services have experienced a meteoric rise in popularity over the past five years. By some estimates, there are 2.5 million Uber drivers in the U.S. alone. Due to their convenience and flexibility, Uber and other ridesharing apps have largely displaced taxis as the go-to for people who need rides in 2020. With more and more drivers on the road, however, there has been a corresponding increase in the number of car accidents for Uber drivers and their passengers.  Thankfully for passengers, Uber covers their drivers for third-party liability, including liability for passenger injuries, up to $1,000,0000. With this sort of liability coverage, passengers can rest assured that they will recover damages they sustain in the event of an accident. Depending on the accident circumstances, however, the process of recovering damages can take quite some time. That’s why Ally Lawsuit Loans is happy to offer Uber accident lawsuit loans to individuals who suffer damage in an accident with an Uber. Ally Lawsuit Loans has you covered as you wait for your Uber settlement payout. What Is a Lawsuit Loan? A lawsuit loan is a type of pre-settlement funding accessible to individuals filing a lawsuit but whose claim has not yet been resolved. Unlike with traditional loans, a lawsuit loan borrower does not always need to pay back their lender. If a lawsuit claim is not successful, the borrower of a lawsuit loan pays nothing back. A lawsuit loan can make a world of difference for someone who wants to continue to fight for their rights but needs to make ends meet in the meantime.  How Can a Lawsuit Loan Help Me? If you file an Uber accident lawsuit, a lawsuit loan could make a world of difference. Even though Uber has the $1,000,000 insurance policy, they don’t always want to cover damages fully. Because of this, they may initially make a low-ball offer after you file a claim with them. This is standard practice, unfortunately. But what if their initial offer doesn’t even cover your medical expenses? In such a situation, the right thing to do is decline the offer and fight for your rights.  Things aren’t always so simple, however. You may already have found yourself in dire financial straits, so any settlement, even one that doesn’t fully cover damages, can seem appealing. After all, when bills are due, they are due. On top of that, you don’t know what direction the claims process will take you or how long it will take, which can make any settlement offer seem appealing. So you find yourself in a lose-lose situation: take the settlement that doesn’t fully compensate you so you can pay bills today, or decline the settlement offer and be unable to pay your bills for now. With a lawsuit loan, you won’t have to make such a decision. With a lawsuit loan, you’ll have the ability to pay your bills while the claims process takes its course and ensure you are fighting to get the maximum compensation you deserve. Contact Ally Lawsuit Loans Today! If you need help making ends meet financially while waiting for your Uber accident settlement, give us a call at Ally Lawsuit Loans today. We offer a guarantee of the lowest interest rate in the industry. We will process your application in just 24 hours, so you don’t have to worry about staying afloat financially while waiting for your Uber accident settlement payout. Best of all, if your claim isn’t successful, you won’t owe us a dime. Call us today!

Read More

Hernia Mesh Lawsuit Cash Advance

| Read Time: 2 minutes

Injuries caused by a defective hernia mesh device can seriously disrupt a person’s life. Between emotional trauma, medical costs, and missing work to recover from the injury, the physical, economic, and mental toll defective hernia mesh can take on anyone quickly compounds. Still, bills need to be paid and food needs to be on the table regardless of where in the claims process someone is. This, coupled with the fact that the claims process can be unpredictable in terms of length of time from claim filing to settlement payout, can make a bad situation even worse. Lawsuit loans help everyday people bridge the financial gap and make ends meet while the hernia mesh settlement process takes its course. If you are waiting for a hernia mesh injury claim settlement, Ally Lawsuit Loans guarantees the best rates in the pre-settlement funding industry and is here to help! How Does a Lawsuit Loan Work? A lawsuit loan is a form of pre-settlement funding that differs from a traditional loan. Whereas a traditional loan is secured by a borrowers’ assets as a whole, a lawsuit loan, sometimes referred to as a type of non-recourse loan, is secured only by a future claim’s settlement. If no settlement occurs or a lawsuit fails, the borrower does not have to pay the lender back, and the lender has no recourse.  For this reason, a hernia mesh lawsuit loan can be very helpful to someone who is waiting for settlement of their hernia mesh claim and needs a bit of help to make financial ends meet in the meantime. Experiencing a financial struggle during such a time is not uncommon as the medical costs of treating a hernia mesh injury are significant. Furthermore, recovery from such an injury can severely disrupt a person’s ability to earn income.  Who Is Eligible for a Hernia Mesh Lawsuit Loan? If you have a lawyer representing you in a claim involving a hernia mesh injury, you are eligible for a hernia mesh lawsuit loan through Ally Lawsuit Loans. Additionally, if you are a member of the represented class in a hernia mesh injury class action lawsuit, you are likely eligible for a lawsuit loan through Ally Lawsuit Loans. All you have to do is submit your application with proof that you have counsel representing your individual or class action claim, and we’ll take care of the rest. Are You Waiting for a Hernia Mesh Injury Settlement? If you are waiting for a hernia mesh injury settlement and need immediate financial assistance, contact Ally Lawsuit Loans today! We are proud to offer the lowest rate in the industry, guaranteed, and 24-hour application processing. On top of that, if you don’t win your claim, you won’t owe us a dime. We want you to fight for your rights, and we want you to have financial peace of mind while you do so, so call us today!

Read More