Oasis Financial: Is it Legit?

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 Legal 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 Legal 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 Legal 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 of Using Oasis Legal Financial

Online review site Highya reviewed Oasis Legal 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
Yelp25 Oasis Legal Financial reviews total → 1.5 out of 5 stars
Google315 Oasis Legal Financial reviews → 3.3 out of 5 stars
Facebook53 Oasis Legal Financial reviews total→ 2.3 out of 5 stars
BBBA+ rating, 55 Oasis Legal Financial reviews → 1.82 out of 5 stars

Positive Reviews For 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

Negative Reviews for Oasis Legal Financial, LLC:

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.

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