Struggling to collect unpaid judgments from debtors who don’t seem to want to cooperate is difficult enough. Trying to figure out what to do after years of failed efforts only makes matters worse. If your company has unpaid judgments you cannot seem to get settled, perhaps it’s time to turn them over to a specialized judgment collection agency like Judgment Collectors. We are based in Salt Lake City, UT with operations in multiple states.
We would not expect you to hire us sight unseen. Rather, we expect you to ask a lot of questions about how we do things. We expect you to do your own due diligence to make sure we are a company you can trust. That being the case, we want you to choose the judgment collectors you feel are best for you.
In your search for a judgment collection agency, here are five things to look for:
Success in this industry doesn’t come by chance. It is the result of plenty of hard work and lots of experience. We always recommend looking for a collection agency whose experience can be verified. You want someone in your corner who has already been where you are. You don’t want a collection agency who has never even looked at a judgment before. Remember that judgments are distinctly different from standard debts. You need an agency with experience.
Hand-in-hand with experience is industry knowledge. In the judgment collection game, there is plenty to know. Collection agencies and their team members need to know and understand how to use the research tools at their disposal. They even need to know the strategies debtors employ to avoid paying.
The actual team members who work on your case must have personal integrity. There are right and wrong ways to do things in this business, and you cannot afford to work with rogue debt collectors who push the boundaries. You certainly don’t want to end up with a team willing to violate the law to get paid. Simply put, your collection team needs to do things the right way.
In your search for a judgment collection agency, make sure you find one willing to make a long-term commitment to your case. As you probably know from your own experience, collection can drag on for years. It would be nice if your collection agency got things settled in a couple of weeks, but they must be prepared to toil away for an indefinite amount of time in order to do right by you.
Along those same lines, an agency capable of getting to work right away is to your advantage. The longer research and investigation are delayed, the longer it takes to find the debtor and their assets.
Finally, look for a judgment collection agency with a reasonable compensation plan. Some agencies compensate their clients by purchasing judgments outright. They might pay pennies on the dollar. Other agencies, and you can count Judgment Collectors among them, work on consignment instead. We do not buy your judgments. We collect them and then charge a fee. If we don’t collect, you don’t pay.
The fact that you have decided to hire a judgment collection agency is a step in the right direction. Now, take a little more time to research collection agencies before you make a choice. We would be honored by the opportunity to demonstrate what we can do for you.
Published February 21, 2023