Enforcing judgment is often a process that a busy business just doesn’t have enough time to do. However, failing to do that can leave your business without thousands of dollars that you are entitled to have. There are a few things that you can do if you have judgments but you don’t have the collections staff or the time to chase the debtors down. You can liquidate your judgments and turn them into cash using one or both of these methods:
Selling Your Judgments
Selling your judgments is a quick way to relieve yourself of the responsibility of collecting the funds and to get a decent sum of money in your pocket. A specialist can give you a cash offer on the judgment or judgments that you have, and you can either accept it or reject it. If you accept it, then you will receive payment for the judgment, and the specialists will take it from there. You don’t have to worry about the judgment anymore after you sell them. They are not your problem. Many companies find this to be the best solution.
Let Someone Else Handle Them
Another thing that you can do is make the decision to let some specialists collect your judgments. Collection specialists will do their due diligence in enforcing judgment. They will try to find out crucial information to get your judgment paid. If the specialists are unable to collect the judgment for you, then you will not have to pay one penny.
Get a Consultation Today
You can call and speak to someone who can help you decide which method is best for your business. It doesn’t matter if you only have one judgment that you need to be settled or if you have a lot of judgments from customers. Don’t hesitate to make an appointment with a consultant today. Alternatively, you can complete a short form and give up some information like the case number, defendant’s name, amount and any other information that pertains to the judgment you are trying to collect. You’ll receive a quote, and then you can decide the best way to proceed.
Did you know that over 80 percent of judgments are never collected? Chances are that you will never receive a penny. A judgment collection agency may have a solution for you. They will buy your judgment from you and relieve you of any stress that you may be feeling trying to collect the debt. By selling your judgment, you will receive immediate cash and will not have to go through the hassle of trying to collect.
Besides selling your judgment, you also have another option of just hiring a judgment collection agency to collect for you. Your judgment will be put on assignment, and they will investigate and locate any assets that the defendant may own. They will give their best effort in making sure that you get paid what you are owed. If they do not get the job done, you will owe absolutely nothing. The only time that they get paid a commission is if and when they collect for you. With a set up like this, you can be sure that they will be giving their full effort to collect your funds. In many cases, they can even enforce the judgment by having the defendant’s wages garnished. If you have multiple judgments that you need to be collected, that is not a problem as a judgment collection agency routinely works on enforcing a multitude of judgment orders.
Getting started with a judgment collection agency is a simple process. You can call them up and talk to them about their services, or if you don’t want to talk to anybody, you can just send them a copy of the judgment order. Within a few hours, they will get back to you letting you know if they would like to purchase your judgment. All details will be explained to you including all other options you may have.
At Creative Judgment Solutions, we have a proven track record when it comes to fast and efficient court judgment collection. Perfect for single judgment cases or individuals with multiple judgments to collect, Creative Judgment Solutions is your ultimate solution. Do not waste your time dealing with parties who refuse to supply the payment that is rightfully owed to you. Instead, let us take care of these situations for you; we can have the judgment to you in no time at all with little to no work required on your part, which is what our clients like.
With Creative Judgment Solutions, we can easily work with all types of collections that might come your way for various reasons. Anything from unpaid rent, borrowed money, hospital bills, credit card debt, or even anything dealing with a repossessed vehicle, we have the solution that will work best for you.
Creative Judgment Solutions offers a few options when it comes to court judgment collection. One option is to simply sell a court judgment to us. That way you get the problem out of your hands so you don’t have to worry about it — we’ll take it from there. You can either call or send us the judgment — we even accept judgments submitted through the online form on our website. With us, you also have the option of assigning judgments on what works as contingency basis, which means if there is no collection from the owing party then there is no fee owed to us on your part either. In this instance, we work on a commission basis — the only situation in which we get paid is a situation in which you get paid also. Since our commission rates do tend to vary, free quotes are available from our offices before you decided how to proceed with any of your claims.
With principals that have been in the business for over 50 years, we know how to best handle the situations that so often catch people off guard when it comes to reclaiming money and funds that are rightfully owed to them.
You recently went through the hassle of court and are now trying to collect your debt. That doesn’t mean that you will be able to easily. You may need a judgment agency to help you get the money that is coming to you if you aren’t having luck on your own. If you are wondering how to collect judgment payments against someone who owes you money, read the following tips and ideas.
Certified Mail and Wage Garnishment
You may need to send several letters before your debtor decides to pay you. Make sure you send your letters by certified mail so you know they got them as they will have to sign for them. Many debtors will repay the debt when they see it in writing. Be sure that you clearly state how much they owe you and how they can repay you so that it is easier for you to get your cash.
You can also look into the laws of your state concerning wage garnishment. If you are allowed to, the employer of the debtor will take off a certain amount to be sent directly to you before they even see their paycheck.
Reasons Debtors Don’t Pay
Many debtors will not acknowledge that they owe money. They may ignore calls and bills from you no matter how many times you try and get in touch with them. Some really do want to pay but simply do not have the money to put aside towards additional debt.
Use a Debt Collector
If you are still wondering how to collect judgment payments and don’t know what else to try, contact a judgment collection agency such as ourselves. We can take action that will get you your money owed much quicker and easier. You won’t have to do the work or worry about trying to contact your debtor when we handle the debt ourselves. Many debtors will not pay the debt no matter how hard you try, so selling it to an agency is usually your best course of action. If you do get the money, you’ll be ahead even more. Sell us your judgment debt and let us handle the rest!
Have you been through the tiring process of court and were given judgement against an individual who owes you money? Now you are trying to collect what is owed to you to no avail. It isn’t always as easy as one would think. A judgment collection agency may be your only choice after you have tried everything that you could to get the money the judge declared you were entitled to. If the following tips do not work, we can help.
Send a Certified Letter
If you aren’t paid from your debtor right away, try sending a certified letter to collect it. A certified letter ensures that you will know whether they received the notice or not. Many people pay their debts when they get something in the mail stating they have to. Be sure to make it clear how much they owe you and how they can repay the debt. The easier it is for them, the more likely they will repay you.
If your debtor has a job, find out if you can legally have their wages garnished. The laws for this vary from state to state, so you will want to do some research before you choose this option. Once you find out you are legally allowed to do so you will file paperwork with their employer. When they get paid, the employer will send you the amount they are due to pay directly to you before it even gets to their check. This is a very safe way to ensure you receive your cash.
Let us Help
You have tried getting the cash on your own to no avail. Our judgment collection agency will do the work for you when you are out of options. You don’t want to wait around to see if they will ever pay you, and you really need the cash you are owed now. There are many state laws concerning judgments and our collection agency is always up-to-date on them, in every state. We buy civil judgments and employ professionals who do all the work for you. Let us worry about the judgment by giving us a call or emailing us today!
Why you might want to sell court judgment
Many people think that being awarded a court judgment in a lawsuit means you get the money right away. However, it can take awhile to get your judgment money. Also, courts often allow those hit with a judgment to pay it off in installments over time, which means that it could be years before you get the full amount awarded to you. In such a case, you might want to look into how to sell court judgment.
How do you sell a court judgment?
There are companies that will buy court judgments from people. The thing you have to keep in mind is that if you sell court judgment, you will get less money. The companies buying the judgments will not pay you the entire amount, which is how they make money. You can expect to pay anywhere from 25 to 50 percent of the judgment amount to sell it.
Why would you want to sell?
Why would anyone want to give up one-fourth to one-half of their court judgment? In some cases, people may be in dire financial straits and can’t wait months or years to receive their full judgment payout. In such a case, it can be better to get $50,000 now than receive $25,000 year for the next four years. Selling a judgment can also help to initiate closure. Being able to take the money right away and be done with the case can be a lot better than having to drag it out over several years to receive payments.
If you are considering selling a judgment, there are some things you want to keep in mind. For one thing, you want to know exactly how much you are going to have to give up. You also want to make sure the company buying the judgment is taking on all the risk and you can’t later be liable for additional money if the company encounters problems with the defendant against whom you won the judgment.
Selling a court judgment can be the right choice, but you have to make sure you understand what you are giving up.
Courts of law hear disputes, in which two or more parties are involved. The two sides of court cases are plaintiffs and defendants, which can either be individuals or groups of people. Criminal cases, including assault and theft, don’t always end in monetary awards — usually just jail sentences. Civil cases, on the other hand, either result in parties having to change behaviors or properties of things or monetary judgments. A wide margin of monetary judgments aren’t paid by those ordered to, similar to unpaid debts. As such, collection agencies deal with judgment enforcement or collecting monetary amounts from individuals, groups, and organizations that lost court cases.
What happens to people who owe money from judgments?
Judgment creditors are those who owe money to judgment debtors that disputed matters in a valid court of law. Courts don’t collect the money themselves and don’t put people in jail for not paying debts. Nothing other than being contacted by others results from owing money. However, if agreements are made in court and creditors sign them, not paying amounts on time or in full may result in jail sentences.
What do judgment creditors need to do?
If judgment creditors straight-up take things from those who owe them money or other assets, they’d get in trouble for theft. Creditors must file a Writ of Execution document with appropriate courts. However, this requires creditors to know a lot about debtors, as they don’t often provide enough financial and personal information to creditors in the first place.
How do they find information?
Creditors must locate pertinent information and details prior to getting further in collection attempts. They can purchase background checks online, comb through court cases, or personally contact those to debtors and attempt to locate information. Their best bet is to conduct background checks.
Judgment enforcement creditors must have courts undergo examination hearings with both creditors and debtors. Creditors must “serve” notice of the court case to debtors at least ten days in advance of cases, as well as filling out legal forms to register court appointments.
Negotiate with the Debtor
What do you know about the debtor? If you are uncertain he can pay the judgment in full, you have options. You may be able to reach an agreement to pay the debt out over time or to settle for less than the full amount. This method requires the debtor to be willing to discuss the matter, but in many cases, the debtor becomes a ghost, never to be seen again.
You can petition for a levy of the debtor’s bank accounts. A levy is sent directly to the bank and can capture whatever is in the account at that moment or over a set period. Of course, that means you must know the bank name and bank account number. Consequently if the debtor shares that account with someone else, you may face extra headaches in procuring your fair share. Another consideration is you have no guarantee there is money in the account to recover.
Real Estate Lien
A real estate lien places a claim against the debtor’s property; however, you have to wait until the debtor decides to sell the property to collect. Additionally, you may not be the only person to hold a claim. You may only get paid after the debtor’s mortgage holder and any other individuals or business who are collecting on a judgment.
You can petition the authorities to garnish the debtor’s wages, provided you know where he works. And as long as he stays at his job, you have a good chance collecting what is due you. Futhermore, many debtors have been known to quit instead of live in reduced wages. Do you really want to keep tabs on the debtor for the months if not years to get to get paid?
Sell the Judgment
Finally, if you do not know the debtor well enough to successfully levy, lien, or garnish payment, you have options. Consider selling the judgment to professionals who are better equipped to investigate deadbeats and to successfully collect the monies owed. While you will not receive the full value of your judgment, you will find resolution and be able to move on with fewer headaches and more money in your pocket.
Many people feel a sigh of relief when a court grants a judgment against a debtor. However, the truth is that the hard work has just begun to collect on an old debt. Collection laws vary from state to state, but there are few ways of quickly collecting on a judgment. Wage with holdings typically only result in small payments over time, liens against property will not result in money unless the property is sold and most debtors do not have enough valuable personal property that can be seized to pay off a debt. Even worse, some debtors frequently move, creating a hassle for a creditor to keep track of where the debtor is living. In many cases, a creditor may have to chase the debtor across the country to collect on the judgment. These are just a few reasons why enforcing a judgment is so difficult.
Using a Debt Collector
For most creditors, the best course of action to collect a debt is through the use of a debt collector. A professional debt collector will be able to take fast action to collect on a debt. We do this by using legal means that are proven to work. One of the fastest ways to collect on a judgment is simply sell the debt to a debt collector. By selling a debt, a creditor can put some money in his or her pocket and stop worrying about the debt.
The collector who buys the debt will then become the owner and will be responsible for the collection. As most judgments will never be collected on, and many that are paid will be settled for less than the full amount, selling a debt makes a lot of sense for individuals and business that simply want to move on from a bad debt. Selling a debt can be especially beneficial for a business. By selling the debt the business can reduce their losses. Then they can get back to focusing on growing the business. No need to waste time working on enforcing a judgment.
A money judgment can seem like a blessing. Until, that is, it comes time to collect it. Often, the debtor will drag his or her feet. Sometimes they will even try to hide assets. For some people, receiving a judgment is a once in a lifetime experience. You should let our team of judgment collection specialists help you. With our expertise, you are far more likely to get your money.
Judgment collections is all we do here at Creative Judgment Solutions. This is a tricky field unless you’re an expert. Over 80% of judgments are never actually collected. And some judgment collection companies are essentially just side jobs for freelancers. That’s not the case for us. This is all that we do.
At CJS, we are the most experienced judgment collections agency in all of California. Combined, our staff has over 50 years of experience in the field. We have earned our reputation for helping people get their judgments by getting results, fast. When you assign your judgment to us, you can be confident of success. It’s important to understand that we also never demand money from our clients up front. We work on a contingency basis. If you don’t get your judgment, we don’t get our fee. This is not only fair to you our clients, it’s also great motivation for us.
In addition to judgment collection services, we also purchase judgments. Some of our clients simply can’t or won’t wait for their money. They don’t have the time or the patience for the collections process. That’s fine with us. We know we will collect that money eventually. We have no problem with paying part of that money up front when we know we’ll get the rest eventually.
Contact our team of judgment collection specialists today. We are proud to help people get the money they are entitled to. We’d be happy to work with you.