If You Contact A Judgment Enforcer

In my job, on the phone or through email, I usually get the same kind of question: "How much will you buy my judgment for?" This question is just as valid as "How much will you pay to buy my car?" (without knowing any details about the car's condition or seeing the car). With both questions, the answer remains the same; everything depends on the details. A judgment's actual value depends on what' the situation with your debtor and the debtor's available assets, and not much else.

There are three components to estimating the cash upfront value of a judgment, or your odds for a successful future contingency recovery payment. The three important parts are a judgment itself, locating the debtor, and what the judgment debtor owns and earns.

Unless a judgment debtor has an unique or unusual name, just providing a copy of your judgment alone, isn't always sufficient. The address that the debtor got first served notice of your lawsuit at, and the debtor's approximate age, is important; and so's any other important info, like your debtor's current or previous home address, or part of a SSN and birthday.

My articles are my opinions and are not, legal advice. I am a judgment solution expert, and not a lawyer. If you ever want a strategy to use or legal advice, please contact an attorney. When judgment creditors contact judgment enforcers, judgment buyers, and judgment brokers; many make 2 mistakes:

1) Over-shopping. What happens with a judgment depends primarily on the circumstance of the debtor, and much less on whom you talk to, or send your judgment to. It's automatic that you'd want to get a price quote from several people, to be certain you're getting the best deal. Note that typical judgments are average, and the amount of money you might get, doesn't depend on the person you talk with. One should not fall into the loop of spending way too much time, searching for something can't be found.

2) Sending or discussing, a lot of non-relevant trivia or information. There isn't any reason to discuss at length your situation or requirements, as judgment purchases or recovery results have nothing to do with your own situation. Do not spend much time explaining to folks what a bum your judgment debtor is, as this won't help you get money for a judgment. What counts is, what is known about the debtor and clues on the kind available assets the debtor may have.

A copy of the judgment is always required. When your judgment was won by a default, make sure you order a copy of the proof of service, as that is often needed. If you used a lawyer to win and/or try to collect the judgment; before you contact somebody to attempt to buy or recover the judgment, have that attorney take themselves off the case.

If you contact more than one person about your judgment, do not share a lot of personal information on your debtor, until you find the right expert to help you attempt to sell or recover the judgment. Then, you should share whatever private info you know, about your debtor and their available assets, as this information may get you repaid quicker.

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