5 Reasons In-House Judgment Collection Doesn’t Work

Collecting civil judgments is not easy. It takes time, effort, and a lot of know-how. We have been in the business long enough to know that trying to do in-house judgment collection can be more trouble than it's worth. That's why so many clients come to Judgment Collectors for help getting paid in Utah, Arizona, Texas, and three other states. Maybe you're beginning to think that collecting your judgments in-house isn't going to work. First off, you are not alone, so don't stress over it. We are ready to take your cases. We will track down those debtors and find ways to encourage them to pay. In the meantime, here are five reasons in-hou...

Published January 17, 2023

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Statutes of Limitations: 10 Years Is Too Long to Wait for Your Money

Did you know that judgments come with statutes of limitations? Here in Utah, the statute of limitations is eight years from the date a judgment is entered. Most states have statutes of limitations of between seven and 10 years. Let's err on the high side and say your state has a 10-year statute of limitations. That means you have 10 years to either collect or have the judgment renewed for another 10 years. From our point of view, renewing is a strategy of last resort. We want our clients to get paid as quickly as possible. A decade is too long to wait. Enforcement Is Your Responsibility We have had the opportunity to work with plenty of ...

Published December 27, 2022

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Judgment Creditor and Judgment Debtor: What’s in a Name?

Our industry has its own language. We use terms that people not involved in judgment collection are not familiar with. They aren't difficult to understand, but they are also not part of the common language. Two examples are 'judgment creditor' and 'judgment debtor'. You know the difference between a creditor and a debtor. So why attach the word 'judgment' to either term? Because doing so tells us something specific about the two parties. Adding a judgment to the equation means you are no longer talking about just creditors and debtors. You're also not talking about plaintiffs and defendants. A Judgment Is a Court Action Judgment Collecto...

Published December 13, 2022

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When Judgment Creditors Use the Tools Available to Them

You recently took a client to court for lack of payment. You won your case, but it's only now you discover that courts don't enforce judgments. Enforcement is up to you. But you don't know what to do. First, know that you're not alone. First-time judgment creditors lack the knowledge that comes with experience. We are guessing you are not familiar with all the tools at your disposal. You might not know judgments, being court orders, afford you access to a collection of tools that would otherwise be out of reach. The best advice we can give you is to not try to collect on your own. Either let your attorney handle it or, better yet, turn yo...

Published November 29, 2022

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Collecting Unpaid Judgments Can Be Expensive – Here’s Why

A hallmark of our business model is our consignment policy. Simply put, we do not buy judgments from clients. We work on consignment. We only get paid if and when we collect. We also bear all the costs along the way. Our clients appreciate this for the simple fact that collecting unpaid judgments can be expensive. Turn your unpaid judgments over to Judgment Collectors and you immediately stop spending money on collection. Your financial obligation ceases. We cover all the costs of what we do, including legal expenses. That's good for you because it saves you money. It is good for us because it motivates us to succeed. Legal Actions Cost M...

Published November 15, 2022

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How Long Does It Usually Take to Collect a Judgment?

A common question in our industry is this: how long does it usually take to collect a judgment? Unfortunately, there is no static answer. Judgment collection is a complex and unpredictable enterprise. There is no way to know for sure how long collection will take until we actually have payment in hand. Perhaps a better question is how long creditors have to collect. That's definitive; it's a known quantity. In most states, judgments are valid for 7 to 10 years. You would have to check your state regulations to know for sure. However, there is a defined statute of limitations in every state. Many Factors in Play Clients often come to ...

Published November 1, 2022

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