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Judgment brokers refer people to judgment solutions. Should you use one, or are you better off with a web search? This article is my opinion, and not legal advice. I am a judgment broker, not a lawyer. If you ever need any legal advice or a strategy to use, please contact a lawyer.
On the web, every judgment buying and recovery company claims they are the best. Judgment brokers know the track record of most judgment buyers and recovery solutions. They know what works, and who can get results. If your judgment debtor is poor, nobody will buy, or likely have success recovering your judgment. If your judgment debtor has lots of available assets, judgment brokers can find you a better deal than you could find with any web search. If you choose a judgment broker, make sure to pick one that:
1) Does not require any paperwork from you.
2) Does not own your judgment. Beware of assigning your judgment to any person or entity that does not tell you exactly why that is required. A judgment broker has no business owning any portion of your judgment or debt.
3) Refers you to solutions based on their first-hand knowledge of the best experts to buy or recover specific judgments. The best judgment brokers are objective, and know thousands of judgment buyers and recovery experts, and tracks their performance and tracks their long-term performance with a database.
A good judgment broker knows who can get a recovery or purchase completed, and who is a flake. Beware of brokers that refer you to their buddies or their own employees. Some companies claim they are objective, however they refer judgment owners only to their insiders.
The best judgment brokers are not middlemen, and are free to judgment owners. They get paid by judgment buyers and recovery experts. Brokers cost judgment owners nothing, and offer a faster and a more direct route to the best judgment solution. Without using a judgment broker, it takes much longer to find a good solution - and probably not as good of a solution. Judgment owners will get the same amount of money for their judgment, regardless of whether they started with a judgment broker or not.
Judgment brokers are judgment referral experts. You do not need a judgment broker, however they save you hassle and time with reality-based solutions, based on knowledge and expertise, rather than by chance.
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