The Approval Factors for Funding Personal Injury Lawsuits
As outlined in the “
Basics of Qualifying”, there are minimum elements that must be met for Oasis to accept an application for lawsuit funding (also referred to as legal funding and pre settlement funding). Once those minimums qualifications are met there are several key approval factors that make a case suitable for approving a lawsuit funding. Again, each of these approval factors are the baselines and Oasis may require additional criteria be met depending on the case type and the amount of funding requested. However, for the vast majority of lawsuit funding requests, these approval factors are all that we use as guidelines for our review and decision on whether to approve an application for lawsuit funding or not.
- Damages. In personal injury cases, these are generally severe injuries that require time off work and other obligations. Soft tissue injuries (sprains, and other muscle injuries) will be considered on a case by case basis.
- Liability. It must be clear that the defendant has strong liability for causing the damage. Liability is a key factor in our decision to offer a lawsuit funding.
- Ability to Pay. The defendant must have the ability to pay damages through insurance or other means. If the defendant can’t pay a settlement, we can’t offer lawsuit funding.
- Contingent Attorney Fee. Your attorney must be compensated from the proceeds of the case rather than a retainer or hourly fee. He or she must be willing to assume the risk of winning the case to be paid for services, just as Oasis is to be repaid for the lawsuit funding.
- Sufficient Margin for Investment. When deciding whether to extend lawsuit funding in your case, we consider what other expenses will be paid from the proceeds of the settlement. These may include medical bills and liens. We may check public records to find liens on cases we are considering for legal funding. We need to assure ourselves there will be sufficient funds available for all parties.
- Background. We check records to make sure any past legal proceedings of the applicant are discharged or explainable and will not affect the outcome of the current lawsuit before we authorize lawsuit funding.
- State of Residence. Oasis is able to extend lawsuit funding in most states. Those state in which we do not extend legal funding at this time are; Arkansas, Colorado, Kansas, Maryland or North Carolina
Oasis Legal Finance is here when you need us! You can start you application on this page or by calling the toll-free number at the top of this page.
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Lawsuit Funding Process
Oasis Offers Legal Funding Nationwide
Oasis is a national legal financing firm. We provide lawsuit funding in
Alabama,
Alaska,
Arizona,
California,
Connecticut,
Delaware,
District of Columbia,
Florida,
Georgia,
Hawaii,
Idaho,
Illinois,
Indiana,
Iowa,
Kentucky,
Louisiana,
Maine,
Massachusetts,
Michigan,
Minnesota,
Mississippi,
Missouri,
Montana,
Nebraska,
Nevada,
New Hampshire,
New Jersey,
New Mexico,
New York,
North Dakota,
Ohio,
Oklahoma,
Oregon,
Pennsylvania,
Rhode Island,
South Carolina,
South Dakota,
Tennessee,
Texas,
Utah,
Vermont,
Virginia,
Washington,
West Virginia,
Wisconsin and
Wyoming.