Lawsuit Funding Frequently Asked Questions

Is good credit necessary?
Bad credit will not preclude you from obtaining funding from Oasis.

Does the process take long?
No, on average the process takes 2 business days. Oasis has on occasion, and with the utmost cooperation from the plaintiff and their attorney, completed a lawsuit funding in one hour from the time we spoke to the customer’s attorney. It is very common to get the customer the cash they need from the lawsuit funding the same day they completed their application.

Is this legal?
Yes, In addition, Oasis Legal Finance is a licensed finance company in the state of Illinois and California.

On what types of cases will you provide cash funding?
Oasis Legal Finance will provide funding on many different types of personal injury cases.

Is the defendant’s insurance company notified?
No, the only parties who know about the transaction are the Plaintiff (person receiving the legal funding), their attorney handling their case, and Oasis Legal Finance.

How much will Oasis Legal Finance fund to the Plaintiff?
Oasis Legal Finance typically limits the funding to 10% to 15% of the projected case value. Oasis does not want to provide a greater percentage of the lawsuit value because we do not want to make it difficult for the attorney to be able to settle the case.

How would lawsuit funding help the Plaintiff get more money from their case?
First, there is no guarantee that by receiving a legal funding, you’ll receive a higher settlement from your case. However, if a plaintiff is in desperate need for cash to pay for short term needs, they may look to the cash they are expecting from their pending personal injury lawsuit, and ask their attorney to settle their case for whatever offer is on the table from the defendant. If this occurs, the plaintiff may be selling their case short, receiving less than what their personal injury lawsuit is actually worth. Here’s why...

The defendant usually knows (or has a very good idea) what a lawsuit is worth, but they’re not going to tell the plaintiff. The defendant wants to first see if they can settle the lawsuit and offer the plaintiff far less than what it’s worth, simply because settling the case early allows the defendant to save money. But the defendant has an advantage – time! They can afford to wait and delay the case, hoping to wait out the plaintiff until, like the situation above, the plaintiff is in need of cash, may not be able to wait any longer, and is forced to take a lower settlement amount.

With a legal funding, the plaintiff get s the cash they need to pay their short term bills, and allows their lawyer to continue to fight their case for a fair and often larger award.

How is the Legal Funding repaid?
The pres settlement legal funding is repaid from the proceeds of the case settlement, and is paid at the same time that the proceeds of the claim are paid out.

What if the plaintiff loses the case?
Oasis Legal Finance takes 100% of the risk with advancing cash to the plaintiff. If the plaintiff loses the case, then they do not owe Oasis Legal Finance anything.