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Enforcing Judgments Costs Money

Q. Why do I have to share so much of my judgment (that I spent a fortune getting) with a Judgment Enforcer? Why do Judgment Enforcers charge so much? It's not fair. I paid to get the judgment - why do I have to pay again?

A: Most Judgment Enforcers know what this feels like, because many judgments are based on theft and fraud. Some Judgment Enforcers started their careers by being ripped off by a judgment debtor. Such feelings happens to many who "win" a judgment, and then later discovers that does not mean getting paid.

Bill Fason, from the Office Of Judgment Enforcement, once wisely wrote:
    "There's a market for unpaid money judgments. debt buyers typically pay between one and three cents on the dollar for over 90-day paper.

    Most creditors (if they are not professional finance people) at first look upon their money judgments as if they had found a Golden Ticket to visit Willy Wonka's factory.

    Eventually the cold harsh reality sets in as they discover that their bad paper has a street value somewhere between Confederate war bonds and broken eight track tape players."
You must pay (time and/or money) to get a judgment. Then to get it turned into cash, you must pay again. Even without a Judgment Enforcer, you have to pay the courts, Sheriffs, and others - with no guarantee you will be repaid. With a Judgment Enforcer you are spared additional time and expenses.

The expenses and hassles of judgment enforcement is covered elsewhere on our site, but let's look at it one more way - converting a piece of paper into cash in your pocket.

With a judgment - you have to pay (the normal exchange rate is 50%) to get your legal right, changed into what you really want - cash. Here are 3 analogies:

Big Tuna Fish 1) A merchant buys a 300 pound Tuna fish for 50 cents a pound. A 300 pound fish on your doorstep would not be a good thing. You would gladly pay much more than 50 cents a pound for a filet of tuna steak, flash-frozen and wrapped.


2) Water is everywhere - but it costs money for water ready to drink. filet of fish

3) A court judgment - is an idea on paper.
It takes a lot of work to turn that idea, via sometimes expensive legal methods, into cash. That's why one must pay (one way or another) to get a judgment debt turned into actual cash.


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