Don't Choose A Flakey Judgment Collector

Two big difficulties with judgments, are that many judgments are weak; and certain judgment buyers and enforcers are not strong. Judgment owners should be careful when they select the right enforcement option for their particular judgment.

These are some things which may indicate a strong judgment:

1) Contested, where a debtor showed up at court. Judgments by default are weaker, as the legal system provides default debtors benefits. For example, the laws make default judgments harder to domesticate into certain states, and defaults are subject to motions to vacate.

2) The right size. When a judgment is less than $5,000 or so, it is much less appealing to judgment enforcers, and appeal to very few contingency collection lawyers.

3) Have "quality" judgment debtors. It is often difficult to recover judgments on elderly judgment debtors, because of many laws which shield the assets and income of elderly debtors.

It's usually difficult to enforce judgments on broke debtors, because you cannot squeeze water out of a rock, and bankruptcy protection is cheap to apply for. It's very difficult to recover a judgment with a failed company debtor.

If you pick a judgment enforcer or buyer, the factors are their qualities, and how close they are to your particular debtor, as only your debtor's assets may satisfy the judgment.

Here are a few factors that can show relative strength in a judgment buyer or enforcer (that could be an attorney, a person, or a collection agency):

1) Has an ample cash supply. When a judgment recovery specialist becomes low on funds, they are less able to aggressively and persistently recover the judgment debtor's assets. The biggest reason judgment recovery specialists give up the business, is when they lose too much funds.

2) Possesses the experience, and/or the attitude for success.

3) Knows their capacities, and doesn't take judgments they cannot enforce. One example is enforcers who are assigned judgments all over the nation, with no contact or resources to enforce them.

4) Reliable, accountable, and responsive. Too many recovery specialists (and many small businesses) don't treat voice mails and emails seriously enough. Sometimes recovery specialists go out of business, and then fail to assign judgments back to the original judgment creditors, which is about the most foolish business decisions they could make.

5) Not a crook or a flake. Be extra careful if "enforcers" want to charge you cash up front, unless there is a really valid reason that you agree to, for example, to domesticate a judgment into another state.

6) The length of time they have been in business, however no one and nothing lasts forever.

7) What organizations, educational groups, and judgment forums; they are current and/or long term members of.

8) If they were referred to you by a judgment broker, who knows the performance of many enforcers and buyers. A judgment broker constantly screens out flakes, and does not refer judgment creditors to buyers or enforcers who don't respond.

Can one avoid the factor of the qualities of an enforcer, by selling a judgments for cash up front? Not totally, because there are a few unresponsive and flaky buyers out there, and also a few crooks.

A big problem when you sell a judgment for cash up front, is one never gets very much; usually 1 to 5 percent of the face value. You nearly always get much more money on a future-pay judgment recovery.

http://www.JudgmentBuy.com - where Judgments and debts quickly get enforced by an expert - expertly matched for free, to the judgment debtor. Mark D. Shapiro, a expert on judgments. I pay for leads, and have the best quality free leads for enforcers, collection agencies, and contingency collection lawyers.

Related Articles - flaky judgment enforcers, screening judgment enforcers, picking judgment enforcers, good judgment enforcers,

Email this Article to a Friend! Receive Articles like this one direct to your email box! Subscribe for free today!