Tag: debt collection

Anyone getting into our business under the false assumption that debt collection is easy is headed for a rude awakening. There is nothing easy about what we do. You know that first-hand if you have been trying to collect a money judgment on your own. You know how time-consuming and frustrating it...

We get a lot of interesting questions from clients who are new to the whole money judgment thing. A common question is, “how long will this take?” It’s a question that doesn’t have an easy answer. We wish it did because an easy answer would make our life so much easier. The...

The statute of limitations often comes up when speaking with new clients about collecting their money judgments. Most states have a statute of limitations of 7-10 years. This means the creditor has 7-10 years to collect. Believe it or not, it actually could take that long. Sometimes creditors need...

In our business, there is a type of debtor we refer to as being ‘judgment-proof‘. This is a debtor with no realistic means to pay and no reasonable prospects for the future. Judgment-proof debtors cannot be collected from, at least in the short term. But things could change in the long...

One tool in the judgment collection toolbox is the judgment lien. While similar to other types of property liens, the judgment lien is distinct in a couple of ways. We advise anyone thinking of seeking a judgment against another party to learn as much as possible beforehand, including the details...

Money judgments are handed down in Michigan just about every day civil courts are an operation. And like every other state, Michigan has a set of rules governing how judgments can be collected. Winning a judgment does not allow a creditor and its attorney to do whatever they want to do. There are...

It is common for Judgment Collectors to take cases only after a client has first attempted to collect an-house. We don’t mind. We are happy to help whenever we can. But it is always interesting to speak with new clients regarding the things that they find most difficult about judgment...

Judgment collection agencies have a language all their own. We talk about things in the office that do not make sense to people outside of our industry. Our industry is no different to any other in that regard. But as a judgment creditor, you need at least a basic understanding of the language just...

Nearly all our blog posts mention money judgments in some way, shape, or form. Why wouldn’t they? Collecting money judgments is what we do. But did you know that there are other types of judgments? Not every judgment rendered in a civil court involves a monetary award. A money judgment is a...

We used a previous blog post to discuss the different types of judgments above and beyond money judgments. One we did not get into is the confession judgment or, as it’s known in the state of Utah, a Judgment by Confession. Not every state recognizes the confession judgment. In fact, some...