KeyPoint Government Solutions Lawsuit
KeyPoint Government Solutions: Is KeyPoint a Legitimate Settlement Funding Option?
KeyPoint Legal Solutions and their lawsuit funding programs are designed to assist individuals and businesses in the U.S. with personal injury lawsuits that cannot be won in court or which have not been proven at all. While a plaintiff can be compensated by a settlement in court, it is much more difficult to receive compensation through settlement and, even if a plaintiff wins a settlement, the amount can often be inadequate.
The key benefit of using the KeyPoint litigation financing programs is that the process can be completed quickly and effectively without the additional expense of a lawyer. As soon as a plaintiff chooses to accept the funding offer, the litigation funding professional will begin the initial investigation of that case to discover all relevant facts relating to the case. Once this has been done, the litigation funding professional will work with the plaintiff to develop a payment plan that the plaintiff can afford to pay off the case.
KeyPoint litigation financing services are available in many forms, including the use of an on-line funding website, which will provide a plaintiff with a list of lenders that offer this type of funding. These loans are backed by federal law and cannot be repaid unless the plaintiff is successful in the litigation.
KeyPoint’s legal services are designed to be quick and effective, allowing a plaintiff to file a complaint in a relatively short time frame. As a result, the plaintiff may receive a settlement payment within two weeks of filing a complaint and, while most plaintiffs do not require a lawyer, some plaintiffs may choose to retain a lawyer to help represent them during the lawsuit process.
Some of the cases KeyPoint is able to assist with are those that involve defective products or injuries caused by the negligent or intentional misuse of a product that does not have a consumer liability clause. KeyPoint is able to provide assistance in these types of cases because they will typically be able to negotiate settlements that are less than the full value of the product in question, meaning that they will receive a portion of the amount the manufacturer or seller was liable for.
Because KeyPoint’s funding programs are backed by the U.S. Department of Justice, this option can be a tremendous benefit to those who need to pursue personal injury claims and cannot afford to hire a private attorney to represent them. The U.S. Department of Justice ensures that there are strict criteria and guidelines that must be met in order to qualify for a settlement, which is why KeyPoint funding cannot provide funding to those who do not follow these strict guidelines.
KeyPoint has a program for the plaintiff that allows funding to be transferred from the plaintiff to the defendant and is commonly referred to as a “third-party plaintiff loan”. The plaintiff and defendant can agree on a mutually agreed upon terms of the settlement amount that includes a percentage of the settlement to go to the plaintiff and the remaining portion to the defendant.
KeyPoint’s litigation funding program is not appropriate for all personal injury cases and is not appropriate for every individual or business that needs a lawsuit financing solution. The process can be complicated, and a plaintiff should discuss this option with their attorney before committing to use this option.
KeyPoint’s funds are typically provided on a monthly basis to an account that is held at the same bank. If a plaintiff is unable to pay off the debt as outlined by the settlement agreement, the funds are transferred from the account directly into another account, ensuring that they do not become delinquent.
KeyPoint is a non-profit, tax-exempt organization that is a member of the National Association of Consumer Credit Counseling Agencies. The company provides funding to assist consumers who are victims of personal injury.
KeyPoint’s funding can provide an individual or a business with the ability to pay for their expenses incurred during the lawsuit process. In addition, it can help them obtain a competitive settlement that is lower than the amount the plaintiff would receive if he or she were to file on his or her own.