Eighty Percent of Small Claims Cases and Bad Debts Dont Get Recovered
Small Claims » Eighty Percent of Small Claims Cases and Bad Debts Dont Get Recovered
This is such a familiar story for the people of the United States:
- Somebody who doesn't pay
- You take them to court
- The judge agrees in your favor
- You never receive any money that is owed to you.
Although the civil system is structured to allow you to recover money, that doesn't mean that it isn't going to hard. The court system allows access to basic information on filing any garnishment of wages, liens, bank garnishments and other methods of recovering the money you were awarded in court, however the information given to you is too basic. Therefore, we are left with only a few options:
- Let the debtor win (Never see your money again)
- Spend all of your time trying to figure out how to recover your judgment yourself
- Hire an attorney and pay a retainer plus hourly fees of hundreds per hour
- Hire a debt collection service
Although judgment recovery service isn't hard to figure out once you learn how to do it, the process can be very easy and beneficial. You would suggest that once the court awards you the judgment, they would make it less complicated for you to recover the funds that are owed to you.
The courts offers pamphlets to you explaining debtors rights. Try to find out information from one of the court clerks how you go about finding the debtors bank account information or the process of garnishing the wages of the debtor, and you will find a familiar answer - 'we cannot offer legal advice'.
The best way to find the debtor's information about the debtor is the skip tracing technique. The process of skip tracing involves finding credit report information on the debtor, and playing private detective to put all of the pieces together. One of the hardest things a debt collector will run into is that most credit reporters won't let you retrieve a credit report on somebody if you do not own or operate a legitimate company that complies with FRCA laws and regulations.
If you use a collection agency service, they will collect your money for you with no fees out of your pocket, and absolutely no fees unless the money owed to you is recovered. Unlike lawyers who charge a per hour fee, whether or not they are able to collect your fees.
We recommend letting a professional National Collection Agency handle your outstanding debts for the most effective and efficient no-upfront cost way to collect on monies owed to you.
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