Oasis Legal Finance, LLC

Oasis Legal Finance, 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 loans while the case is being handled, which is a good option for people who need extra cash to get the bills paid.

The loan 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 loan 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 Loans

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 loan. 

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

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

What’s the Average Lawsuit Loan Amount?

Ally Lawsuit Loans provides lawsuit loans anywhere between $500 and $750,000, depending on the case value. As a standard, Oasis Financial only offers loans 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 advance loans 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 loan 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 loans. 

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 loans quickly, fees and interest charges could add up to a significant repayment amount. So, if your case extends long after Oasis gives you a loan, 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 advance loans. 

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.”

The Colorado Court of Appeals heard Oasis’ case and found that the cash advances Oasis offers are classified as loans under the Colorado Uniform Consumer Credit Code.

Source Review Overview
Yelp 9 Oasis Financial reviews total → 1 out of 5 stars
Google No Oasis Financial reviews
Facebook 53 Oasis Financial reviews total→ 2.3 out of 5 stars
BBB A+ rating, 33 Oasis Financial reviews → 1.5 out of 5 stars

Some of the positive things people are saying about Oasis Legal Finance, 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 loan 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.

Pending Lawsuit Loans: 5 Facts That Most Lenders Don’t Want You to Know

| Read Time: 2 minutes

If you file a lawsuit, you may find yourself waiting several months or even years for an appropriate settlement. Unfortunately, this leaves many plaintiffs financially unstable, especially if a claim-related injury prevents them from working. When you find yourself in this situation, a cash advance on a pending lawsuit could help.  Pending settlement loans or pre-settlement loans help plaintiffs regain financial independence while they wait for a settlement.  However, many lawsuit loan companies who offer these loans aren’t upfront about the application process and the overall cost of a cash advance on a pending lawsuit. Here are five facts about pending lawsuit loans that other lenders don’t want you to know. #1: Pending Lawsuit Loans Are 10-20% of Your Case Value Typically, most lenders disburse a cash advance on a pending lawsuit equal to 10-20% of the settlement value. They determine this amount based on the severity of your injuries, the length of your case, and your own estimate. To get the best estimate, discuss the value of your potential settlement with your attorney before applying for a pending lawsuit loan. #2: Lenders Put High-Interest Rates on Pending Lawsuit Loans There are sharks in the lawsuit loan industry who charge upwards of 200% interest. Don’t select a lender that charges more than 1-3% monthly or 12-36% annually. Only take out a cash advance for a pending lawsuit that covers basic living expenses and necessities.  #3: Pending Lawsuit Loan Brokers Have Expensive Service Fees Always avoid working with brokers that deal with direct loan companies. These brokers usually add 15-20% to the cost of your pending lawsuit loan. They also send your case information to dozens of companies who may call your attorney without your consent. This unnecessarily diverts your attorney’s attention from your case. #4: Lenders Cannot Disburse Pending Lawsuit Loans Until They Review Case Documents from Your Attorney Make sure you collect the following case documents from your attorney prior to applying for a pending lawsuit loan: Medical reports;Police reports;A copy of your complaint; andYour demand letter. Most lenders request this information from your attorney when reviewing your application. To save time waiting for your cash advance on a pending lawsuit, prepare these documents before you apply for a pending lawsuit loan. #5: Attorneys Respond to Lenders Faster If You Talk to Your Attorney Before Applying Always give your attorney a heads-up before applying for a pending lawsuit loan. This helps them prepare documents requested by the lender. Since lenders cannot disburse your cash advance until they review your case, you should keep your attorney and your lender in sync. Related: Lawsuit Loans Without an Attorney Contact Ally Lawsuit Loans About Applying for a Pending Lawsuit Loan Today If you need a cash advance on a pending lawsuit to help with bills or living expenses, contact Ally Lawsuit Loans. We have the lowest interest rates in the industry and review applications within 24 hours. In addition, we work on a contingency fee basis, which means you repay nothing if you lose your case. To apply for a risk-free, low-interest rate pending lawsuit loan, call us today at 844-545-6246 or apply now.

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How to Find the Best Lawsuit Loan Companies

| Read Time: 3 minutes

If you need financial stability while waiting to settle your lawsuit, you’re probably aware that there are several pre-settlement loan companies who want a portion in exchange for a cash advance. It is essential that you know how to separate the best pre-settlement loan companies from the deceptive ones. The lender you choose has an impact on the amount of money you receive from your settlement, so it’s very important to do research into potential lenders to make sure the company you choose is a good fit. Here’s how to find the best lawsuit loan companies for your case. Top 5 Questions to Ask a Lawsuit Loan Company While looking for the best lawsuit funding companies, it is important to ask each lender questions that help you gauge the potential cost of the loan. Asking these questions will help you choose the best lawsuit pre-settlement loan company. #1: How Do You Set Interest Rates on Pre-Settlement Loans? The best lawsuit loan companies determine interest rates on a case-by-case basis based on the strength of each case. Interest rates largely depend on the likelihood of your case resulting in a good settlement or verdict. Do not work with a pre-settlement funding company that charges the same interest rate for every customer. #2: What is the Interest Rate for My Pre-Settlement Cash Advance? When you get an offer for pre-settlement funding, a lender should tell you upfront what your interest rate is before you sign paperwork. The best lawsuit funding companies will usually give you an interest rate between 1-3% monthly. If a lender gives you a rate higher than 3%, consider looking for another offer. #3: What Are the Terms and Conditions of the Loan? Since filing for a lawsuit is very overwhelming, the terms and conditions of pre-settlement funding should be simple. The best settlement loan companies offer clear, concise terms and conditions for their loans. Never work with a lender that refuses to answer questions about the terms of your loan. #4: Will You Discuss My Funding Application With My Lawyer? Before you get a pre-settlement loan, you need to be represented by a lawyer and have a lawsuit filed on your behalf. The best lawsuit loan companies will always ask to speak to your lawyer about your case when you apply for funding. Your lawyer gives the lender information about your case to assist in case evaluation and underwriting. #5: How Quickly Will I Get My Pre-Settlement Cash Advance? Since reputable settlement loan companies don’t require a credit or background check, most lenders transfer money to you within 24 hours of approval. Best Lawsuit Loan Companies Below is a list of the top 10 settlement loan companies to compare when shopping around for lawsuit funding. Make sure to consider all of your options. Ally Lawsuit LoansPeachtree Financial SolutionsOasis Legal FinanceThe Legal Funding GroupBuckeye Legal FundingPrime Case FundingMomentum FundingFair Rate FundingCase CashCherokee Funding Why You Should Choose Ally Lawsuit Loans If you are trying to find the best lawsuit loan companies, consider funding from Ally Lawsuit Loans. At Ally Lawsuit Loans, we understand how difficult it is to maintain financial stability during a lawsuit. We provide legal funding for those waiting on their settlement for cases ranging from personal injury to workers’ compensation. Lowest Rates Guaranteed No matter what type of case you have, we guarantee the lowest rate in the industry. If you find a low-interest rate while searching for the best pre-settlement loan companies, we will beat it. Risk-Free Our loans are 100% risk-free. That means if you don’t win your case or get a settlement, you pay us nothing. Quick and Easy Application Assuming your case is a good fit, we send you a cash advance within 24 hours of application approval. Contact a Reputable Settlement Loan Company Today If you need a risk-free, low-interest rate loan to keep your head above water while waiting for a settlement, give Ally Lawsuit Loans a call today at 844-545-6246 or apply now. We offer the lowest interest rates in the industry and provide cash advances within 24 hours of approval.

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How to Find the Best Lawsuit Funding Rates

| Read Time: 3 minutes

If you need pre-settlement funding for your lawsuit, it is essential to shop around for the best lawsuit funding rates. Many legal funding companies offer pre or post-settlement loans and cash advances to plaintiffs in exchange for a portion of their settlement. In many cases, lawsuit loans help people avoid financial difficulties like foreclosure, eviction, utility shut off, bankruptcy, and debt collection. However, since pre-settlement loans often cost more than a personal loan from a bank, you should make sure to get the best pre-settlement funding interest rates. What Are Typical Lawsuit Funding Rates? Lawsuit funding rates depend on the value of your case and the amount of risk associated with it. Since lending money towards a legal settlement is very high, interest rates are usually higher than a personal loan. The return for lawsuit loan lenders is contingent on you winning your case, so there’s a chance that they lose their money. For example, if you pay back a $5,000 lawsuit loan with a monthly interest rate of 3% in six months, the lawsuit loan lender gets $5,900 from your settlement. However, they do not get a full $900 return. Most lenders have a loss of 8-10% in addition to the money they pay to borrow capital. In the case of the $5,000 loan above, the lender has $300 in costs and $472 in losses. This means that it costs the lender $5,772 to give you the loan. Once you pay back the loan with interest, they only make $128. For this reason, most pre-settlement funding interest rates are 1-5% monthly. How Much Will My Funding Cost? The cost of your funding depends on the value of your case and how much funding you need. These two factors help a lender determine their lawsuit funding rates. If your case carries high risk, you may have a higher interest rate. Are There Any Hidden Fees or Rates? At Ally Lawsuit Loans, there are no hidden fees or rates. However, other lawsuit loan lenders may charge additional processing fees for their cash advances. Make sure to ask about potential fees when shopping around for the lowest pre-settlement funding rates. How to Get the Best Lawsuit Loan Interest Rate If you want to get the best lawsuit funding rates, you should find a reputable lawsuit loan company that answers your questions upfront. Here are some ways you can ensure you get the best rate. Ask the Lender What Their Pre-Settlement Interest Rates Are It is important to ask every lender what their rates are over the phone or through email. Advertisements provide a range of rates because the rate often depends on the case. Get Lawsuit Funding Rates in Writing When a lender offers you a rate, always ask for the quoted rate in writing. This will help you shop around for the best interest rate and prevent deceitful lenders from making a false claim on their pre-settlement funding rates. Get Funding Through Ally Lawsuit Loans Today At Ally Lawsuit Loans, we make the lawsuit loan application process easy. Whether you suffer from a personal injury or are fighting for workers’ compensation, we are here to help you maintain financial stability. We offer the lowest pre-settlement funding interest rates in the industry guaranteed. Most importantly, our funding is risk-free. If you do not win your case, you do not need to pay us back.  If you want the best lawsuit funding rates, apply now or give us a call at 844-545-6246 to get started. We approve applications for funding within 24 hours. Reviews of Lawsuit Funding Companies Find the best reviews from around the web of lawsuit loan companies and hear what others have to say about their experience with some lawsuit companies. We have taken an approach to gather some of the best reviews for some lawsuit companies out there.

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