Judgment Recovery Texas - Selling Your Judgment!

Online, December 18, 2012 (Newswire.com) - Selling the judgment is an option worth considering. Regrettable, about 80% of court judgments are never collected. Reasons for the low collection rate include the skillfulness of sneaky debtors who are professionals at not paying, and the competing and productive tasks facing citizens and business people.

Few would file a suit to collect a debt unless sincere about believing that money is owed. Not collecting the court judgment can add insult to injury as the professional deadbeat works the system. Fortunately, most of the people infrequently encounter deadbeats who are skilled at and intent not to pay what they owe. Extracting money from these nefarious characters can require specialized skills.

Benefits of selling the judgment include getting paid some of the money judgment, and a measure of satisfaction. Getting paid a portion of the total judgment now, may be better than hoping to get the entire judgment later. If the debtor has not paid yet, what will force the debtor to pay? And if no effort has been made to invest time in the present to collect the judgment, is it realistic that it will be done in the near future?

Many clients have found meaningful satisfaction in knowing the debtor will have to face the music and pay the piper. Getting paid money today is always great. Further, clients know they would not be paid money today unless they believed that the debtor could be forced to pay.

Some firms pitch on selling the judgment on a "future pay basis". These firms serve a purpose and have helped many judgment holders. However, their initial offer can be misleading. The first impression is that they are offering to purchase the judgment and pay cash today.

In reality, they are asking to assign the judgment to them in consideration of their promise to attempt to collect the judgment. In return, they will pay a portion of whatever amount they recover. There is no promise they will ever be paying anything. This is a valid business proposal, although its initial presentation can be misleading.

The benefit of assigning the judgment to a firm to collect is that a higher recovery could be possible, if the appeal is successful. Disadvantages include the uncertainty of when or if there will be any recovery, the ultimate amount of the recovery, and whether the firm will truly expend commercially appropriate efforts to collect the judgment. Also, the discomfort with paying cash for the judgment is an indication of the uncertainty about their ability to perform. In many cases a purchase under this method will result in the company giving back the judgment to process because of the inability to collect.

The debtor should be held accountable. If one does not have the time, expertise or interest in collecting the judgment, then its better to consider to sell or assign the judgment to someone who will hold the debtor accountable.

Contact the National Judgment Recovery Center for better and faster judgment recovery services in Texas and get paid soon for your judgments. The National Judgment Recovery Center can locate a debtor's assets and collect cash for judgments.

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