You were probably relieved when the court granted you a judgement against an individual who owes you a debt and won’t pay up. Unfortunately, the hard part of the situation is just beginning. Many debtors will still refuse to pay their debts, even when there has been a court-ordered settlement in your favor. It may be time to call our company for judgement collection services.
Collections Ideas to Try First
There are a few things you can try before selling your debt. Wage garnishment is one avenue you may take to get the money that the debtor owes you. By doing so, the employer of the debtor will have a portion of their check sent directly to you right off the top. Unfortunately, this results in smaller payments over long periods of time. Additionally, many debtors jump from job to job, forcing you to go through the process time and again. Some will even work under the table to avoid having their wages garnished, to begin with.
Another way to try and collect on your debt is a real estate lien. A lien is placed against any property the debtor owns; however, the debtor will have to sell the property first in order for you to collect on your debt. There may even be other parties who are holding a claim against the debtor, so you could potentially have to wait until others are paid before you see any of your money.
Call a Debt Collector Today
Our judgement collection services will take fast action to help you get the money your debtor owes you. Our company uses legal means that have worked time and again. Instead of waiting for years to get your cash, call us today. You’ll get money upfront and will no longer need to worry about how and when you will collect the debt.
A large percentage of judgements are never actually collected on. Those that are settled are done so for a lot less than the original amount, as well. It makes sense to give us a call and sell your debt to us today. Don’t waste any more time trying to force someone to pay you when they have no intention of doing so.
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.
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!
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.
While collecting monetary damages from judgment debtors can be difficult, it is by no means impossible. The good news is, with a little patience and research, we can help. With our help it is surprisingly easy for us to show how to collect on a judgement
The civil court system in the U.S. has a history of helping people who have been wronged to gain justice. This is especially through monetary judgments. While the system makes it easy for aggrieved parties to sue others, it doesn’t make it so easy for the aggrieved parties to collect the money that has been awarded to them. This situation has led to the creation of a large class of people who are known as judgment creditors, people who have presented legal proof that they deserve monetary damages, but who have also found it difficult to collect on their debts from judgment debtors, or those who owe the money.
How to Collect on a Judgment
There are many effective ways to go about collecting a court-ordered judgment, including the following methods.
- Ask the Judgment Debtor Directly. While this method may seem simple at first glance a surprising number of judgment debtors will pay what they owe if they are asked politely. This is especially true if they are informed that their unpaid debts may affect their credit ratings. It may be wise to offer to create a payment plan that doesn’t create hardship for the debtor.
- Apply for a Writ of Execution. Obtaining writs of execution can give the judgment creditor the right to ask law enforcement help. You can have them seize and sell the debtor’s property in order to pay off outstanding judgments.
- Garnish Wages. Another effective method for collecting judgments is to ask the relevant court to appropriate a portion of the judgment debtor’s income. Garnished wages can help in order to pay off the outstanding debt.
There are certainly other ways for judgment creditors to collect outstanding debts. Those creditors who apply the tactics mentioned above stand a very good chance of eventually recovering the money that they are owed. Let us know if you want help on how to collect on a judgement.
Now that you have obtained a judgment worth a significant dollar value. The next step is to take the necessary measures for collecting judgment money owed to you. There are a number of exciting avenues through which you can make efforts to accomplish this goal. Then you can cash in on your judgment.
Read up on the FDCPA Laws
When it comes to collections, you are required by law to operate in accordance with the Fair Debt Collections Protection Act (FDCPA). Becoming familiar with what you can and cannot do by law when collecting judgment money is not just smart to know, it is the law. Fortunately, the FDCPA is a fairly straight forward document to read. It is intended to help collectors and debt owners know their rights and responsibilities under the law.
Petitioning By Mail
When it comes to collecting money owed to you through an acquired judgment, sometimes it is best to jump right into the process. You can do this by sending the person who owes you money a letter. First contact is a very important step. You just want the person who owes you money to know that you are very approachable and are ready to receive payment. In the letter you will want to introduce yourself or your company, establish that according to your records they owe you money. Let them know you have acquired from the name of the original party, state the amount owed and invite them to contact you if they have any questions or issues that need to be addressed. This includes providing the recipient of the letter with your contact information at the end. When you send this letter, be certain to send it by certified mail with return receipt. This allows the recipient to know you mean business without being negative towards the recipient. Remember, in this business you have to be firm, but you want to also keep it professional!
Make an Offer They Cannot Resist
Another letter you can send to entice a person to pay up quickly on a judgment is to offer the recipient a discount. Sometimes, simply making the goal of paying off a debt more attainable for the recipient, is just the ticket to getting paid. While you are still retaining enough profit for your efforts. Never underestimate the power of an enticing debt discount to a person. The person in debt typcially want to avoid being bothered with further collection efforts. This might just be the easiest way to get people to pay up and pay up fast. Remember, when sending out mail offers to a person who owes you on a judgment, always make it easier for them to pay you by including a self addressed, stamped envelope for them to use. The trick to collecting on a judgment is to remove as many barriers as possible to encourage rapid payment.
You’ve gone to court and gotten a judgment against someone that owes you money. That’s great, but it’s only the beginning. The next step is collecting the judgment. Here are our four tips for how to collect on a judgment:
Hey, it can’t hurt to try. Some debtors pay their debt when they receive a professional letter asking them to pay. Make it clear to them where to pay and how much they owe.
Find Assets that are Accessible
If your debtor is employed, you can file a wage garnishment. You file certain paperwork with the person’s employer, and the employer has to pay you directly from the person’s wages. There are specific rules for when this is allowed and how much you can garnish, so it’s important to read your state’s laws carefully for how to collect on a judgment.
Bank accounts are another great place to look. You can ask the court to allow you to take money directly from a person’s bank account. Like wage garnishments, there are specific rules for each state, and it’s important to follow them.
A Debtor Exam
If you’re not sure where your debtor might have hidden assets, some states allow you to conduct a debtor’s exam. In that case, a person has to testify under oath about all of their assets. This is also a good time to talk to the person face to face about creating a plan to satisfy the debt.
Sell your Judgment
Sometimes, it’s not practical to wait to collect on the judgment. You might need money right away. You might not know all of the ins and outs of state laws and garnishment procedures. If that’s you, you might consider selling your judgment.
There are companies that are in the business of buying civil judgments. You sell the judgment for a price that works for you both. You’re done worrying about the judgment. These companies have professionally-trained experts that work on collecting the judgment. You just enjoy your cash as soon as you make the sale.
A court judgment is a good start, but it’s just a piece of paper. The sad reality is that most judgments aren’t actually collected. If you’re working on an enforcement of judgement, here’s what you need to know:
Some property is exempt
You can go after a person’s assets to try to satisfy your judgment. If they have classic cars, a coin collection, famous art or really anything of value, you can try to seize it to satisfy your judgment. However, keep in mind that certain property is exempt.
The exact rules vary by state, so it’s important to read up on the local laws. In some states you can take vehicles, and in other states you can’t. There might be exemptions for household furnishings. Once you’re clear on what you can seize, personal property can be a helpful way for enforcement of judgement.
You can look at real property, too
If you have a judgment, you can place a lien on a person’s real property. That means that if the person sells the property, you get paid before they get anything from the sale. Again, each state operates a bit differently. In some states, a lien automatically attaches when you have a judgment. In other states, you have to register the lien with the right government office.
Consider an assignment order
Most people get a tax refund. If a person owes you money, you might be able to get their refund before they do. This can apply to other types of irregular funds that people receive such as commissions or dividends. If the person you have a judgment against doesn’t perform regular work for pay, this can be a great way for enforcement of judgement.
Work with a collection company
If you don’t have the time, knowledge or energy to do all of the tedious collection work, you might want to work with a judgment company. There are companies that buy your judgment from you. You can leave the tedious collection work to them and have immediate cash in your pocket.