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.
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.
Winning a court case does not exactly lead to winning results. Receiving a judgment in your favor is only one half of the problem – the other half is collecting. Like most people, you could spend years struggling to obtain money that you won legally. For one less burden, transfer your judgement collection to a company that eases the unnecessary hassles of collecting.
Reasons for the Hassles
There are a few common reasons why collecting is difficult or impossible. The most common reason is that debtors refuse to acknowledge the judgement. They deliberately avoid wage garnishments by filing for a suspension, hiding money or changing personal information. Many debtors want to pay the judgement, but cannot due to lack of money or employment. When no wages are made, the process of wage garnishment is impossible to carry out.
Solutions to Collecting Problems
Selling your judgement is the fastest, easier solution to receive your money. The statistics show that most judgements are never collected, so selling is the only solution available to most people.
Forgetting about the judgement is never an option. Even if the debtor dies or changes his or her identity, it’s still possible to collect the money. There are options to settle any judgement regardless of the amount of money involved or the age of the case.
There are companies willing to buy the judgement off your hands. You no longer have to deal with the hostile, stubborn acts of debtors who refuse to pay. Even experienced collection agencies spend years trying to track down difficult debtors.
When you sell, you never have to reenter the courtroom and file a new case or get into contact with an old lawyer. For people who have walked in and out of courts for years, selling the judgment is instant relief to a long-term problem.
Like most people, you feel elated when you win a court case, but that good feeling wears off quickly. Soon enough, you realize that the ordeal is far from over. After spending years waiting in court, there is no reason to continue waiting for results. Submit a free online quote on your judgement collection, which includes the necessary court documents, and receive the cash immediately.