Oasis Legal Finance Reviews – Lawsuit Funding Solutions
Quick Review
Description: Finance, Payday Loans
What We Liked:
Customer reports they were able to receive their funds via Western Union within a day, when consumer loses the case, they are not obliged to pay the cash advancesWhat We Disliked:
Some reviews criticizing this company for the amount that it receives from the final settlement.According to Oasis Legal Finance reviews consumers have been given a lifeline just when they need it most. This is especially true for those who feel alone with their back against the wall because of their dire situation. One thing that others do not know is that when consumer loses the case, they are not obliged to pay the cash advances. Some of the Oasis Legal Finance reviews say that they do not have anything to complain about this company and the process that they need to be approved. They were even surprised that all it takes is just a day of processing and on the next day they were able to receive their funds via Western Union. The company does not check on credit risks nor do employment checks and does not ask for collateral. This funding has helped people through their darkest moments as they wait for their settlement, some people are criticizing this company for the amount that it receives from the final settlement.
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Oasis Legal Finance Reviews – Lawsuit Funding Solutions
ach year, millions of people are involved in personal injury cases. Before Oasis Legal Finance came into the picture, the future was bleak for anybody who suffers from injury and as a consequence of this; unemployment. Without the help of lawsuit funding people resort to borrowing and using their depleting financial resources. Oasis Legal Finance is providing for the current needs of the injured individual while giving his attorney time to work for a fair settlement. Oasis Legal Finance however, does not provide legal advice or refer people to an attorney. However, they can answer questions regarding pre settlement lawsuit funding.
Oasis is the largest and most highly recognized brand when it comes to lawsuit funding. Most cases that they accept are individuals who are involved in auto and work related accidents. This company is well known for its efficient services. Oasis can provide the cash needed in just a matter of hours for individuals who qualify for lawsuit funding. Since their inception in 2002 thousands of consumers have benefited from their efficient service. An approved consumer can expect from 10% to 15% of the expected settlement value of their personal injury lawsuit.
The Oasis Legal Finance reviews says that not all financial institutions like this can survive with the risks involved in the process. They are not like other lawsuit funding companies that abuse the consumer. It cannot be avoided that this company will be compared to other companies who pay for attention grabbing advertisements that promise too much and deliver too little. If truth be told, there is an ongoing campaign by placing restrictions on these transactions to protect the consumer. Oasis understands this concept which is why they have designed their legal finance to be within what the boundaries of the law.
Are You Qualified For Lawsuit Funding?
How Does A Person Qualify For Lawsuit Funding?
The process is actually easy. The injured person must hire his attorney. His attorney must agree to work with him from the proceeds of his case. For those who have not found an attorney they are advised to seek the assistance from the State’s Bar Association, where lists of attorneys are there for them to choose from. Again, it is strongly emphasized that persons who suffered from personal injury are only those who qualify. This does not include issues regarding damage to property.
An individual who was severely injured, that requires time off from work will generally qualify. However, in other extreme cases like soft tissue injuries such as those seen in sprains and muscle injuries this can be also considered on a case to case basis. There is also a question on whether the person whom they are suing can pay any claim awarded to the injured person. Oasis Legal Finance must be paid from the case award. The attorney who represents the injured person must sign this agreement. The application process with this company is quite simple.
How Does it Work?
In exchange for an injured individuals’ peace of mind here is how it works. They must first submit an application to give Oasis permission to speak with their attorney. The attorney will prepare the necessary documents that are all related to the case which will include retainer agreements, incident reports and above all the medical bill summaries for the injured individual that they are representing. The application and all of the documents mentioned here are reviewed by the company to see if the consumer has a strong case against his opponent. After the application has been approved funding will normally be released within 2 days. But in some isolated cases this can extend to at least a few days more especially if the documents are not complete or if the company is weighing the merits of the case.
Oasis Legal Finance Reviews
Pros
According to Oasis Legal Finance reviews consumers have been given a lifeline just when they need it most. This is especially true for those who feel alone with their back against the wall because of their dire situation. One thing that others do not know is that when consumer loses the case, they are not obliged to pay the cash advances. Some of the Oasis Legal Finance reviews say that they do not have anything to complain about this company and the process that they need to be approved. They were even surprised that all it takes is just a day of processing and on the next day they were able to receive their funds via Western Union.
The amount of settlement that can be received from a controversial case can run up to thousands of dollars, which is enough to tide the injured person and his family. They are given the chance to avoid being evicted from their homes or avoid mortgage foreclosure. The company does not check on credit risks nor do employment checks and does not ask for collateral. Oasis is risking what they got to help these injured individuals.
Each person is different from each other and in some cases the application has not been approved in just 24 hours, but may take more time especially for pending application. This company has provided for the funding solution as it promised. These are all stipulated in the contract that they signed the attorney.
This funding has helped people through their darkest moments as they wait for their settlement. For such big settlements after the case has been won, paying the 10% to 15% Oasis fees from the settlement and attorney’s fees will not matter. The important thing is that they are given the chance to live a life without worry where the next meal will come from. Sick people will find it hard to recover if they worry about food and a roof over their head. Getting a load off their shoulders usually makes life easier.
Cons
According to one of the Oasis Legal Finance review they are criticizing this company for the amount that it receives from the final settlement. It is good that Oasis keeps an open mind that this negative feedback comes from those who do not understand how the company has helped the consumer that they served. This company was said to be a giving loans to individual, but the truth is that these are pre-settlement advances and not loans.
Some say that this company is preying on people for the profits that they can get from them. They even lumped this company with other “similar” companies who, according to them are loan sharks in disguise. These people say that this company is catching people at their most vulnerable moment.
It was debated that “cash now” policy of companies like Oasis is hard to regulate by the law. It is a debatable topic that attracts the attention of state legislators. For this reason it is jokingly referred to as lawsuit loan instead of lawsuit funding. Representatives from insurance companies and other businesses who are cited as defendants do say that the pre settlement loans encourage the plaintiffs and their lawyers to prolong the cases, using delaying tactics in the process.
This company must remind individuals that in case their case takes on a longer period of time they do charge interest rates. This means those who take cash advance must not think of this as a bank account where they can withdraw as often as they want to. They must not be lulled into thinking that this is like having a credit card that they can withdraw as much as they want to. The plaintiff must keep in mind that they should be responsible for what they owe. If they can survive with as little cash advance as they can until such time that the real settlement arrives they must do so.
Conclusion
Based on Oasis Legal Finance reviews, this company has been receiving negative feedbacks from people who misunderstood what this company represents. They are actually helping people to get back on their feet. They are equipping these people with a weapon to get fair justice for the serious injuries that they have suffered from. Oasis is actually taking big risks by helping these consumers. Nowhere in their website did they ever mention that they will add interest to these loans. For those who do not really understand how legal lawsuit funding works they are easily influenced by others who claim they are well versed on such matters. For people who have been helped they would gladly dispute these negative comments and say that Oasis has helped them.
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