Pre Settlement Funding - What's It Cost?
In the case of a pre-settlement cash advance, how much you’ll owe will depend on two things;
- if, and only if, you are successful with your case, and
- how long it takes to receive the proceeds from your case.
First, if, and only if, you are successful with your case will you be required to repay Oasis. If you lose your case, you would owe us nothing!
Second, assuming you are successful, then your attorney will repay Oasis out of the proceeds of your case award. The amount that your attorney is required to repay us is calculated using a simple, straight-forward "multiplier" (not a complex interest rate calculation). For example, if you took an advance of $1,000, and if the multiplier was 1.35 at the time you received your settlement payment, then you would owe Oasis $1,350. The amount of the multiplier increases with the length of time it takes your case to settle. Simply put, you’ll owe less if your case settles within the first six months than if it takes three years to settle.
The specific multipliers depend on the type of case you have as well as what state you reside in. As well, prior to actually committing to an advance you’ll be given a simple and clear fee schedule based on your individual case, with the appropriate multipliers so you’ll know exactly how much you’ll owe should your case settle within a specified time frame. Everything is up-front and in plain, easy to understand, language.
IMPORTANT!!! Remember, with a pre-settlement cash advance from Oasis there are NO hidden fees or additional charges. While you wait for your case to settle, you pay nothing and there is NO RISK. If you should lose your case, you would owe us nothing.
If another company offering pre-settlement funding claims they have a lower price than Oasis, make sure they aren't charging you any fees for pre-settlement funding that require you to give them money up front, or any terms that reduce your pre-settlement funding cash advance amount!
With other types of financing if you lose your case you still have to pay it back. With pre-settlement funding from Oasis, we are repaid out of the proceeds of your case award. Again, there is no risk! If you lose your case you owe us nothing!
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