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Future Payment Judgment Recovery
Recovering money from a judgment is often an expensive, time consuming, and/or a very disappointing experience. Many people begin their judgment recovery adventure by attempting to recover their own judgments; and often then discover how expensive and complex such attempts are. After that, most look for an outsourcing solution, and usually begin by persistently attempting to sell their judgment for cash upfront.
This article is my opinion, and not legal advice. I am a judgment broker, and am not a lawyer. If you ever need any legal advice or a strategy to use, please contact a lawyer. Because of the economy, debtor-friendly laws, and court funding problems; the cash upfront value of most judgments are usually just a tiny fraction of their face value.
At first, most people do not accept that their judgment is not worth much cash upfront. Most work hard to shop their judgments, or list them at some judgment marketplace for months; getting only very low offers, or no serious offer or response. They let creditors dream of imaginary prices, where judgmentbuy tells the truth. The value of a judgment is unknown because a debtor can file for bankruptcy, and that is one more reason cash upfront offers are low. Some people eventually realize that a contingency future payment recovery attempt is their best chance for trying to recover any money from their judgment.
Future-payment contingency judgment recovery, is where you have someone else attempt to recover your judgment; and then pay you, after any money is recovered. Usually, you must assign your judgment to someone; however if you use a collection company, often you do not have to assign your judgment. Usually, you do not have to pay anything upfront, and get paid at least half of whatever is recovered. Recovering anything on your judgment is a big win.
Selling your judgment for cash upfront is a great outsourcing solution if, and only if, you accept that the purchase price is always based solely on your judgment debtor's circumstances. If you cannot accept a realistic cash upfront offer, you can attempt to enforce your judgment yourself, pay a lawyer by the hour, or outsource your recovery attempt.
With a future-payment judgment recovery solution, you outsource all the time, costs, and hassle of recovering your judgment or debt. Once you have a future-payment recovery expert recovering your judgment; you no longer spend any time or money on it. You can then move onto other less frustrating things.
Because future payment judgment recovery experts only make money if you get paid, they have every incentive to try to recover your judgment. There is very little risk of any shenanigans. One reason is that all judgment recovery actions are documented at the courthouse. Another reason is that judgment or debt recovery professionals almost never risk their reputations and businesses, or expose themselves to getting sued; for not doing the right thing.
The most important factor in cash upfront judgment pricing, or for future payment recovery success; is your debtor's circumstance. The second most important factor is finding either the right judgment buyer or future-payment contingency judgment recovery expert. Many of the judgment buying companies that advertise the most, are much less responsive than judgment buyers referred by a judgment referral expert.
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