judgement collection, judgement enforcement
How to Collect Judgment Payments
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!
judgement enforcement
What is Judgment Enforcement? An Examination of the Basics
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.
What’s next?
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.