While winning a claim in a court of law feels great, it is just half a battle won. The decisive phase of the battle is How to collect on your judgement quickly. Many people who win judgments are always shocked at the realization that collecting on the judgment from the defendant is an uphill task.
After passing a judgment in your favor, the court usually ceases to get involved in the aftermath. You are effectively responsible for collecting on your judgment. Don’t sink into desperation, though; here are a few tips on how to collect on your judgment quickly.
Get Help from a Lawyer of a Collection Agency
This is usually a fast to collect your judgment. Lawyers and collection agencies are well-versed in the process involved and will collect you judgement quickly. However, working with a lawyer or a collection agency will require you to pay a given percentage as a commission for the services rendered.
When you choose to work with a lawyer or a collection agency, you may be asked to assign the right to your judgment to them. Their collection mode involves constant communications through the mail, letters, and phone calls to the debtor. They can also locate the debtor’s assets and use them as leverage to make the collection on your judgment fast.
Agreeing on Voluntary Payment With the Debtor
Too much aggression and using a lot of force can result in the debtor filing for bankruptcy. In a scenario of a debtor filing for bankruptcy, you will be required to file a claim in the federal bankruptcy court. A quick way to collect is to work out a binding payment plan with the debtor and give it a timeframe.
Only Use Legal Means to Collect on Your Judgment
If you want to collect your judgment quickly, only stick to legal channels of judgment collection. Abusive and unfair means of debt collection might cause you problems because a debtor may have protection against such means. Using legal means is a sure tip on How to collect on your judgement quickly.
Collecting judgments quickly can prove to be a challenge. However, there are avenues such as working with collection and judgment enforcement agencies to collect quickly. Reach out to us today, and let’s help you collect your judgment quickly.
You’ve won your lawsuit! The verdict has been filed, and the defendant agrees to pay you. Now you need to collect on a lawsuit judgment fast and to receive the money awarded by a judge. If you’ve been in a lawsuit and won, then you may be wondering how to collect on a lawsuit judgment fast. Lawsuit judgment collection can be a daunting process. Luckily, there are steps to follow to help you expedite your lawsuit judgment collection process. Collecting on a judgment will allow you to collect what’s rightfully yours without the need of dragging the defendant’s to court again. This article will outline how to collect on a lawsuit judgment fast.
There are several steps you can follow to collect quickly on your judgment. The first step to collecting your judgment is to obtain a writ of execution from the court. This will allow you to collect on the judgment. You need to know if the defendant has any assets that you can collect against, including cash in a bank account, stocks, bonds, or property they can sell to settle your claim. If the defendant has no assets and has no means for making payments to you, this process may take longer than if he has assets. If you have documentation to prove the judgment, such as a deposition with your testimony, then you can skip this step.
We Can Help you Collect you Money Fast
Alternatively, you can seek the services of Creative Judgment Solutions Inc. the company specializes in helping clients collect on lawsuit judgment fast without the hustle and bustle of following up. Creative Judgment Solutions, Inc. offers clients the option of either selling or assigning their judgment. By selling their judgment, a client gets paid instantly and avoids the tedious process of following up on collection. A client may also choose to assign their judgment to Creative Judgement Solutions Inc. In this case, CJS will attempt to locate the defendant’s assets and enforce the judgment via garnishment. CJS works on a commission basis, which means a client pays nothing if the judgment is unenforceable.
Are you trying to collect on a lawsuit judgment? Worry no more. Contact Creative Judgement Solutions today and put all your worries to rest. Contact them today to get your free quote.ss, you may feel a bit overwhelmed. There are several things that you can do to make sure that you can collect quickly and efficiently. However, it’s important to remember that there is always a risk involved in managing your judgement.
Collecting After A Lawsuit
After filing a lawsuit and winning a case, the next step is to collect on the judgment. In this situation, you will often look to find out how do I collect when I win a lawsuit. There are a couple of ways in which you can collect on a lawsuit. The two most common ways to collect on a lawsuit is to either sell the judgment or assign it to another party. These are the two most efficient ways to get the funds that you are legally entitled to.
Selling A Judgment
When looking to find out how do I collect when I win a lawsuit, the first step is to sell the judgment. In this situation, you contact a debt collection company and offer to sell your judgment to them. Once they agree to buy the judgment, you receive cash immediately. Using this method will provide you with a number of benefits. These include saving time, getting your funds within a matter of days and also avoiding the hassle of contacting the person you sued to pay for the money they owe
Assigning A Judgment
Another way in which you can collect a judgment after winning a lawsuit is to assign the judgment. Again, you contact a company that specializes in collecting judgments and give them the debt. Once you provide them with the judgment, they take on the responsibility to receive the funds. When you assign the judgment, you get paid as soon as the debt is collected. You are not liable for any court fees or up front costs when you assign the judgment. This is an ideal solution if you are able to wait a while to get the funds you are owed. By assigning a judgment, you eliminate the hassle of collecting it yourself and save money.
As well as selling or assigning a judgment, you can collect a judgment by working with an attorney or trying to collect the debt yourself. While these methods can help you collect a judgment, they will usually be more costly and take up more of your time and effort. As a result, it is better to work with a company that will either purchase or take on your judgment and focus on collecting the judgment for you.
Whenever an organization or individual gets a judgment, they will do everything they can to collect the full amount as soon as possible. However, up to 80% of judgments never get collected. As a result, it is important to consider solutions to getting the funds from default judgment collections. Fortunately for those who hold a judgment against someone, there are plenty of judgment collections options that they can take advantage of. By taking advantage of these default judgment collections options, organizations will have a few solutions to help them get the funds that they are legally entitled to collect.
Selling Your Judgement
One of the solutions that you can take advantage of when looking to receive money for a judgment is to sell it. Anyone who is struggling to collect an old judgment will be pleased to know that they can get a quick solution through selling the amount for cash. When selling a judgment, you will just need to reveal the details of the amount of money owed and then you can get the funds within a matter of days. This is an ideal option, if your goal is to get funds for a judgment as soon as possible.
Assign Your Judgment
Another option that you can take advantage of when looking to collect on a judgment is to assign it. With this option, you provide the judgment on assignment. This means that you are able to provide the judgment on a contingency basis. During this process, you assign the judgment and then the organization attempts to collect the amount by wage or asset garnishment. One of the best things about this option is that there is no fee so you won’t have to worry about paying any attorney’s fees or court costs.
Default Judgement Collections
Collecting a judgment can be a frustrating process at times. Many people who have a judgment against them often don’t pay it. As a result, it is likely that you never get the money you are owed. However with default judgment solutions, you can rely on another party to get the money you are owed within a short period of time. Call Creative Recovery today (800) 500-4345 for the Best default judgment collections options.
Whenever a person or organization is owed money, they often issue a lawsuit against the person or organization who owes them. If the person or organization wins the lawsuit, they receive a judgment which makes them entitled to receiving a specific amount of money. While judgments make someone entitled to a certain amount of money, there is no guarantee that they will ever receive the funds that they are owed. As a result, lien holders will look for a solution to getting their money quickly. In most cases, they work with a judgment recovery business. When looking into judgment recovery, lien holders will often look to find out what does the judgment recovery business do?
Purchasing or Assigning a Judgment
The answer to the question “What does the judgment recovery business do” is: It is an organization that specializes in either purchasing or assigning judgments. This type of business will either buy the judgment up front and allow the lien holder to receive their funds immediately or it may assign the judgment where it will take the judgment and attempt to collect themselves. Since this business takes on the full responsibility of collecting the debt, lien holders and creditors will be able to receive the money they are owed and move on. Using this type of company is very beneficial for those who want to avoid the hassle of dealing with a defendant that is unable to pay.
Judgement Recovery Made Easy
Businesses that specialize in recovering judgments work with you by first getting information about a judgment. They discuss your situation and then offer one of two solutions. Depending on your preferences, they will ask you if you would like to sell the judgment. If you choose to sell it, then you will get the funds right away. This is ideal for those who are looking to get the money they are owed as quickly as possible. Once the lien holder decides on an option, the recovery business will then devote its efforts to collect the debt in order to earn money. Businesses that specialize in judgment recovery are among the most beneficial when it comes to getting a judgment paid for in full within a short period of time.
Congratulations! You won your judgment, and you are ready for payday. As time goes on, however, you realize that winning was the easy part. Getting the money, on the other hand, is not so easy. You start to wonder if you will ever get paid. You then ask yourself, “Can I sell my judgment for cash?”
Selling Your Judgement
You may not have the time or resources to pursue the money from your judgment, but some companies do. These companies often offer fast cash for a heavily discounted value of the judgment. Others will pay you on a contingency basis only after they collect the debt.
Can I Legally Sell My Judgment?
It is perfectly legal to sell your judgment! As with other forms of personal property, you can also sell any judgment, including civil, divorce, probate, and bankruptcy judgments. When you sell your judgment, the buyer becomes the new creditor, and anything done to enforce the judgment is separate from you. Most purchase agreements include this indemnification clause.
How Do I Sell My Judgment?
The process is usually simple. First, the buyer completes an assessment to determine how much they can reasonably expect to recover. Then, they offer you a portion of that amount. The purchase amount depends on the type of debt, the age, the amount, and the debtor’s financial status. You may expect to be paid a lot for your judgment, but most judgments sell for 1-6 cents on the dollar. Many creditors, however, see this as guaranteed cash for a debt once considered a lost cause.
Once you accept the offer, the buyer sends an agreement. If you sold your judgment for cash on the spot, the buyer includes a check with the purchase agreement. Congratulations! You have now sold your judgment!
Tips for Selling Your Judgement
Compare offers and then select the best buyer. You can leverage offers from different companies against each other. Furthermore, look to deal with reputable companies that fairly buy judgments.
The judgment recovery business is a process of identifying and collecting money or property favoring a creditor. An individual may decide to do all this work, but it is easier to contract a professional. We will look at the ways that the judgment recovery business operates and the importance of collecting a judgment for your company. The judgment recovery specialist usually takes up the ownership. It is known as taking up the assignment and he becomes the new creditor. When the professional takes up the new role, they look at a few things. They conduct investigations on the debtor and look at the debtor’s credit report. When you collect a judgement for your business, there are few tips to consider.
In the judgment recovery business, it is critical to have a plan to be successful in terms of collection. It is important to perfect your lien rights. It means getting an interest in the debtor’s property. This prevents the debtor from filing for bankruptcy or transferring property to another entity. Once you file for lien rights, it is pretty difficult for the debtor to try the aforementioned actions. You have to be well educated in other collection actions that include bank levies and wage garnishments. These are some of the ways of going about this business.
The advantage of using a professional judgment recovery company is that it saves you time and money. Contacting the debtor through calls or hiring an investigator to follow up costs time and money. Besides, obtaining and enforcing a judgment is costly. It is often better to assign it to another entity.
In the end, it is vital to consider hiring professionals that are judgment recovery experts to handle the collection process. It saves you energy, and helps you avoid stress. Selling or assigning your judgment saves you a lot, especially when you find a company that suits your needs. These companies are well-equipped to recover your debtor’s money. As we know, the collection is often not easily accessible.
Winning a court judgement is only half the battle, the next battle is to retrieve your money from the debtor. Just because the court signs the document stating that you won, doesn’t mean it’s the end of road. Since collecting judgment is a lot of harder than it looks, here is some advice on selling your roofing contractor judgment.
The Court Has Limitations
The court has limits as to how far it goes to collect money for your judgment. They cannot give you advice on the next steps to take or help you in the process of collecting.
Contractor Judgement Collecting Yourself Is Hard
Doing all of the work to collect a judgment by yourself is always a difficult challenge. Many laws are put in favor of the debtors, not the creditors. A debtor can move without telling anyone and become impossible to track down. In some states, only non-exempt property can be collected but not exempt property. In some cases, the debtor is not employed or does not have enough money to repay the judgement, making it nearly impossible to collect.
You Need Money Right Away
Selling your judgment for cash is recommended when you need money right away. However, there are some scam deals to be careful of when you review buyers. Do your research to decide which buyer to work with and which rates are fair to you and your efforts.
Selling May Be the Only Option
Trying to enforce the law could turn into a nightmare experience, even if you are a lawyer. You may need to pay more lawyers, private detectives, sheriffs and process servers. Your best option may be to contact a contingency buyer who specializes in buying roofing contractor judgments.
Without doubt, you can see how important judgement collection is to your bottom line. Moreover, you know the process of pursuing a debt and getting paid can be daunting and stressful.
How often have you got paid after winning a settlement through arbitration or litigation for which you fought hard and long to obtain in the court system? If you are not successful in getting your money fast, you ought to consider a viable option: judgement collection.
Judgement Collection Made Easy
As a creditor with a post-arbitration award or post-judicial judgment entered against a person or business, you understand getting the money you are owed can be frustrating and time-consuming. To facilitate the process of collecting your money, it is imperative that you consider a business to which to assign your post-arbitration award or post-judicial judgment for collection. Or, sell your settlement for FAST CASH.
Contrary to popular perception, not all judgment enforcement businesses are alike. In fact, some businesses that buy judgments or accept assigned judgments are actually unethical operators of fly-by-night businesses with which you must avoid and overlook.
Instead, seek out a financially stable company to which you can assign or sell your judgment(s) with peace of mind, knowing that you will get your funds immediately without any issue or stress.
Contact Us at Creative Judgment Solutions, Inc.
We specialize in judgment enforcement and recovery at Creative Judgment Solutions, Inc. — where we operate as a sound business, not a fly-by-night hobby. Having helped and served our clients for over 50 years, we know the process of getting paid can be frustrating, and we are sorry to see that valued clients like you are struggling with unpaid judgments.
Since we take judgment enforcement as seriously as you do, we would like to be assigned or purchase your judgment(s).
Whether you have a large portfolio of judgments or a single judgment, let the professionals at Creative Judgment Solutions, Inc. make judgement collection easy for you. Get your free quote now.
How Does a Deed of Trust Differ from a Mortgage?
With traditional mortgages, a legally binding agreement is made between two parties: a borrower and a lender. The borrower is the person or entity purchasing the property, and the lender is usually a financial intuition that loans the money to finance the property.
If payments aren’t made to the lender, the property can be foreclosed upon. In order to foreclose on a property, the lender has to go through a judicial process which can take time to make its way through the courts.
A Deed of Trust is an alternative option, but it’s only available in some states. Currently, there are 15 states that allow Deeds of Trust, with California being one of them.
Deeds of Trust differ from traditional mortgages because along with a borrower and lender, a third party is involved in the agreement. This third party is known as a “Trustee.”
A Trustee doesn’t hold any interest in the property. They are usually a company, investor, or person that holds the title of the property until the loan is satisfied between the borrower and lender. And unlike a traditional mortgage agreement, a Deed of Trust foreclosure doesn’t have to go through the courts, which can expedite the foreclosure process.
Selling Deeds of Trust for Cash
If you currently hold a Deed of Trust and receive a stream of recurring payments, you can turn your deed into cash.
Common Reasons for Selling a Deed Trust for Cash
- Wanting cash to pay off debts or have cash for investments
- Freedom from collecting payments
- Heirs or beneficiaries can’t come to an agreement on the property
- The property’s value has declined
- Taxes are delinquent
- Having to deal with a “bad” borrower
Selling your Deed of Trust to a company that specializes in buying Deeds of Trust like Sell My Judgments allows you the financial freedom of not having to wait for monthly payments from the Borrower. Instead, you get a lump sum of cash upfront.
What if the Borrower Stopped Making Payments?
If you’re dealing with a situation where the borrower isn’t making monthly payments as outlined in the initial agreement, this is known as a non-performing note.
The good news is that Sell My Judgments specializes in buying non-performing notes.
We Buy Deeds of Trust
Contact Sell My Judgments today to discuss your particular situation and see how we can purchase your Deed of Trust to free you from your obligation and get you the cash you need.