Eighty Percent of Small Claims and Small Claims Judgments Dont Get Recovered
Small Claims » Eighty Percent of Small Claims and Small Claims Judgments Dont Get Recovered
This is such a familiar story for most Americans:
- Somebody who doesn't pay
- You take them to small claims or civil court
- The judge or the magistrate decides to award you
- You don't get the money owed to you.
Although the civil system is structured to allow you to recover money, nothing in the manual says that it is easy. Small claims court offers you simple information on filing any garnishment of wages, bank garnishments, liens, and other methods of recovering the money you were awarded in court, however that information will not teach you everything you need to know. So that leaves us with only a few choices:
- Be defeated by your debtors (Never recover your money)
- Spend all of your time trying to figure out how to get your money back yourself
- Call an attorney and pay a retainer plus hourly fees of hundreds per hour
- Hire a Collection Agency
Although debt collection service isn't very difficult to learn once you learn how to do it, the process can be worth the effort. You would think that judgment is awarded to you, they would make it less of a hassle for you to recover the funds that you are owed.
Civil Courts offers information packets to you explaining what your rights are as a debtor. Try to ask one of the court clerks how you find the debtors banking information or the process for garnishing the debtors wages, and you will find a familiar answer - 'we cannot offer legal advice'.
The best way to get all of the information about the debtor is the skip tracing technique. Part of this process involves pulling a credit report 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 almost all credit reporting agencies will not allow you to retrieve a credit report on somebody if you do not own or operate a legitimate company that complies with FRCA laws and regulations.
If you use a collection agency 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 lawyers who slap you with per hour fees, 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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