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With our present economy, it's more difficult than ever to make a living in the judgment recovery business. Of course, it's also a lot harder to make a living in many businesses in these tough times. The primary method to earn income in a judgment recovery company is to purchase judgments outright, or on a future-payment basis; and then to recover the judgments. This article discusses alternate (and related) methods for folks in a judgment enforcement business to earn more income. This article is my opinion and is not, legal advice. I am a judgment evaluation expert, and not a lawyer. If you ever need a strategy to use or legal advice, please contact an attorney. All businesses relies on the quantity and quality of the work you get done. Here is my list of other choices, for those in the judgment enforcement company, to possibly earn multiple sources of income: The popular judgment business procedure is well-known; you buy judgments for cash upfront, or with a contingency arrangement; and later try to enforce the judgments yourself. Another spin on this, is to hire a lawyer to enforce the judgments, or outsource judgments to a recovery company. Another possible cash flow source is to find judgment leads, screen the judgment owners; and then refer those judgment leads to a judgment broker, who pays you if judgments are then collected. An advantage of referring judgment leads to a judgment broker, is that they accept any type of possibly recoverable judgment lead, anywhere. Another potential cash flow source is to purchase judgments outright, with a plan to quickly settling them for a deep discount, or negotiating payment plans. That saves the expenses and hassles of conventional enforcement procedures. The plan is to earn less money on each judgment, doing a lot less effort, and be some money much quicker, and then move on to another judgment. Buying a judgment outright is often not easy, as many judgment creditors dramatically overestimate the cash upfront worth of their judgments. It's worth paying a bit past what the judgment is actually worth; to avoid dealing with the original judgment creditor in the future, which is usually the situation with a future-payment contingency sale. One more income path to consider, is to learn to be a registered process server. In certain states, this is really easy to qualify for, while other states make it harder to become a process server. Although you can't serve legal papers that you're a party to, one may serve paperwork for other people. The really time consuming and possibly occasionally dangerous part of process serving is serving witnesses, defendants, and debtors. The very paperwork intensive, however more relaxed process serving tasks are bank and employer garnishments. Being a process server gets one access to additional database vendors, exposes one to additional judgment leads, and can provide more income. Another possible cash flow opportunity is to become a legal document preparer (sometimes called a legal document assistant). Doing this, you do not provide any legal advice, but you may help folks complete the Sheriff's or the court's legal documents. Other options are learning to be a court researcher or a court runner. If you're close to your County Recorder or Secretary Of State, you can begin a company offering to go to the clerk's window and filing documents or getting records, for those not close to such entities. None of these options are easy income, however all of them have a possibility to add more income. Have judgments collected for a fantastic real price: http://www.JudgmentBuy.com - Judgment Enforcement. Your free, easiest, fastest, and best way to begin getting some money back from recoverable judgments. (Mark D. Shapiro 408-840-4610) Free, no obligation judgment evaluations.
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