Eighty Percent of Small Claims and Bad Debts Dont Get Recovered
Small Claims Court » Eighty Percent of Small Claims and Bad Debts Dont Get Recovered
This is most typical for most Americans:
- Somebody who doesn't pay
- You go to court
- The court makes a decision in your favor
- You never see the money owed to you.
Although the small claim court is structured to allow you to get your money back in court, nobody said that it isn't going to hard. Civil court allows access to simple information on filing any garnishment of wages, bank garnishments, liens, and other ways of getting back what is owed to you that the courts awarded you, but that information is too generic. Therefore, that leaves us with only a few options:
- Call it a loss (Never see your money again)
- Wasting your time trying to figure out how to get your money back yourself
- Talk to an attorney and pay a retainer plus hundreds per hour fees
- Use a judgment recovery service
Although judgment recovery service isn't very difficult to learn once you know how to use one, the process can be very easy and beneficial. You would suggest that once the court awards you the judgment, the court system would make it less complicated for you to collect the funds that are owed to you.
The courts offers brochures 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 to garnish the debtors wages, and you will get the same answer - 'we do not give legal advice'.
The fastest way to find the debtor's information about the debtor is the process of skip tracing. Part of this process involves finding credit report information on the debtor, and being a private investigator to put all of the pieces together. One of the obstacles a creditor will face is that most credit reporting agencies will not allow you to pull a credit report on someone if you don't own or operate a legitimate company that complies with FRCA laws and regulations.
If you use a debt collection service, they will collect your money for you with no fees out of your pocket, and absolutely no fees unless the money owed to you is recovered. Unlike attorneys who slap you with per hour fees, whether or not they are capable 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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