Do you have an outstanding judgment you have been trying to collect for quite some time? Or perhaps you just won a civil lawsuit and collection efforts have not yet begun in earnest. Either way, we would like to offer you a proposal: instead of trying to collect yourself, consider partnering with a judgment collection service. Judgment Collectors is one such service. We operate in nearly a dozen states.
You might be wondering why you should pay a service instead of collecting on your own. It is a valid question. The first thing to know is that agencies like ours specialize in collecting judgments. It’s what we do for a living, just like your business specializes in whatever product or service you offer. Offering it is what you do for a living. That means something. In fact, it leads directly to four reasons we believe working with a judgment collection agency is a better option then attempting to collect on your own.
1. We Have Experience Navigating Rules and Procedures
Collecting on an outstanding judgment isn’t a free-for-all. Each state regulates both judgments and enforcement independently. So what goes in one state may not be applicable to another. Here’s the thing: there are certain rules and procedures that need to be followed. If you’ve never done it before, it’s easy to get lost. It is easy to be overwhelmed to the point of wanting to give up.
A judgment collection agency has the necessary experience to successfully navigate those rules and procedures. The rules and procedures are things we interact with every day. Where one of our clients might find themselves overwhelmed, navigating a complicated system is all in a day’s work for us.
2. We Have Experience With a Variety of Collection Strategies
Next up, specialized collection agencies have experienced a full variety of collection strategies. Those strategies can vary from one state to the next. They include things like garnishment, property liens, asset seizure, and even monthly payment plans.
Experience pays off because the effectiveness of a given strategy is influenced by circumstances. It is our job to know which strategies to apply to each case. Experience helps us do that effectively.
3. We Have Our Own Investigative Resources
A big part of collecting outstanding judgments lies in asset investigation. In other words, collection agencies like Judgment Collectors put time and effort into researching debtor assets. We do so because assets are everything in debt collection. Assets give debt collectors leverage and debtors reason to be motivated.
Should a debtor decide to leave town in an attempt to avoid paying, we also put our investigative skills to work through something known as skip tracing. Without giving away the details, skip tracing helps us find people who don’t want to be found.
4. We Handle Every Aspect
Finally, partnering with a judgment collection agency means letting that agency manage every aspect of the case. An agency that does right by its clients handles research, making contact with debtors, negotiating payments, filing legal documents, etc.
All the work that you would otherwise put in the collection is taken by the collection agency. Should you choose to work with Judgment Collectors, we manage absolutely everything from the moment you turn your case over to us.
You may have valid reasons for wanting to attempt collection on your own. But remember that judgments are what we specialize in. Collecting them is our business. Just like you and your team are better equipped to serve your customers than we are, we are better equipped to handle collections on your behalf.