A cash advance can become YOUR OASIS! By providing a cash advance, Oasis Legal can get you the money you need now while your case goes through a long legal process. We can give you breathing room to wait for a fair and often higher settlement
The process is easy, well established and quick. We will answer all of your questions! Feel free to call us and talk to a live representative, or read about the basics below.
Is good credit necessary?
No, the cash advance is not based on credit history, unless there is a pending bankruptcy. The advance is based on the merits of the case.
Does the process take long?
No, on average the process takes less than one week, and once the case documents are received we can provide cash within 24 hours. This assumes we obtain all the required supporting documentation for underwriting purposes.
Is this legal?
Yes! In addition, Oasis Legal Finance is a licensed finance company in the state of Illinois and California. These are the only two states requiring a license to date.
On what types of cases will you provide a cash advance?
Oasis Legal Finance will provide funding on more than 28 different types of liability cases (see Case Types section for a complete list), far more than most of our competitors.
Is the defendant's insurance company notified?
No, the only parties who know about the transaction are the Plaintiff, their attorney handling their case, and Oasis Legal Finance.
How much will Oasis Legal Finance advance to the Plaintiff?
It is important for all parties that the plaintiff does not ask for too much on the case. This could make it difficult to settle if too much of the money is being used to pay off the advance. For this reason, Oasis Legal Finance typically limits the advance to 10% to 15% of the projected case value.
How would this help the Plaintiff get more money from their case?
Often the defendant or their insurance company will attempt to settle the case early by offering the plaintiff far less than what the case may actually be worth. This is because settling the case often allows the defendant to save money; both in the litigation expenses and in the amount they pay out to the plaintiff. Also, litigation can sometimes take months or even years to resolve, but in the meantime, depending on the severity of the plaintiff's injury, the plaintiff may need money sooner to help pay medical bills or day-to-day living expenses, so the plaintiff may feel pressured to take an earlier (and often less) settlement. With a cash advance, this eases the immediate financial needs of the plaintiff and allows their lawyer to continue to fight their case for a fair award.
How is the Cash Advance repaid?
The cash advance 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.