Eighty Percent of Small Claims Cases and Bad Debts Dont Get Recovered
Small Claims Court » Eighty Percent of Small Claims Cases and Bad Debts Dont Get Recovered
This is most typical for most Americans:
- Somebody does you wrong
- You go to small claims court
- The court decides to award you
- You never see any money that is owed to you.
Although the small claim court is set up to allow you to recover money, nobody said that it is easy. Small claims court offers you basic information on filing any garnishment of wages, bank garnishments, liens, and other ways of getting back what is owed to you that the small claims court awarded to you, but that information will not teach you everything you need to know. Therefore, that leaves us with only a few options:
- Let the debtor win (Never recover your money)
- Spend several weeks trying to figure out how to collect your money yourself
- Hire an attorney and spend your hard earned money on a retainer plus hundreds per hour fees
- Hire a debt collection service
Although judgment recovery service isn't very difficult to learn once you learn the simple steps of using one, the process can be worth the effort. You would suggest that judgment is awarded to you, the small claims court would make it easier for you to recover the funds that are owed to you.
The courts offers information packets to you explaining debtors rights. Try to ask 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 do not give legal advice'.
The fastest 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 being a private investigator to put all of the pieces together. One of the hardest things a creditor will face is that most credit reporting agencies won't let you pull a credit report on somebody if you don't own or operate a legitimate company that complies with FRCA laws and regulations.
If you use a judgment recovery service, they will recover your money with no fees out of your pocket, and absolutely no fees unless the money owed to you is recovered. Unlike attorneys 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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