|
Because of the economic mess, those in the recovery industry is suffering, or are not making too much money now. Stand alone judgment enforcers and sole practice contingency collection lawyers are suffering the most. This is that enforcing a judgment is costly, and every judgment enforcement procedure must be paid for. In a rotten economy, there is not a way to economize when enforcing judgments, except to cut back on recovery procedures; or only take those one out of a thousand judgments, that look to be "slam dunks". Recovery agencies and contingency collection lawyer firms are also suffering. However, they may use less expensive enforcement or recovery tactics. Non-contingency recovery lawyers are also affected, because fewer folks are able to pay them or keep paying them; however they are paid their retainer and can charge by the hour. My articles are my opinions and are not, legal advice. I am a judgment referral expert, and not a lawyer. If you ever want a strategy to use or legal advice, please retain an attorney. Due to the slide of our economy, debtors are getting poorer. Everything in judgment enforcement depends on the courts and Sheriff; and they're raising costs, and slowing down the processing of judgment enforcement-related paperwork. As a result of all this, cash upfront prices paid for judgment purchases are sliding to an all-time low; as the worth of every judgment depends entirely on the judgment debtor's financial situation. Unfortunately, many judgment buying websites are using bullpucky for advertising, marketing lies such as "We buy judgments for 50% cash upfront". They never do, and most have never offered more than 10%, even for slam-dunk judgments. Many will not return telephone calls or emails, or provide any cash offers for judgments sent to them. Some judgment owners try listing their judgments to sell at judgment marketplace web site, mostly because they provide judgment owners with an imaginary hope that someone viewing their web site will buy their judgments. When a typical judgment is advertised for above a couple of percent of the total amount, it's a total waste of time to advertise the judgment anyplace. Every day, more collection agencies and judgment enforcers go out of business, and one more contingency lawyer gives up their lone practice, and finds a job inside a collection company or a collection department. At the same time that our economy is declining, some judgment owners ignore reality, and will not believe their judgment is hard to recover, and they either: A) Try to find a contingency recovery solution, and shop their judgment until they find the lowest price for a future-payment recovery, and often receive what the creditor pay for, or the judgment owner will: B) Try to locate a judgment purchaser who will pay the most for their judgment, which is a waste of time because the purchase price depends just on the specific judgment, the state, and most importantly, the debtor's situation. It's really hard to get more than a few pennies on the dollar for an average judgment. To get more money, you will need a contingency collection solution. If the judgment debtor has available assets, you do not need to assign your judgment, and that is handy if a person or company attempting to recover your judgment has problems. Have your judgment collected for the best realistic price: http://www.JudgmentBuy.com - Judgment Recovery. Your easy, free, fastest, and best way to begin recovering enforceable judgments. (Mark Shapiro 408-840-4610) JudgmentBuy offers you the Truth.
Related Articles -
judgment economics, low judgment prices, declining sliding judgment values, judgment economy, hard difficult to collect recover judgments,
|
