Attorneys Collect Your Judgment Debt Effortlessly

Collections Training Resource
September 20, 2012 — 984 views  
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Congratulations, You Won!

It’s a great feeling when the judge awards you a judgment in your favor. You can finally begin collecting the money that’s owed you. However, in order to gain a better chance of getting your money, you should wait until after the other party has a chance to file an appeal. If you ask for your money during the appeals process, you’ll only appear greedy, and legally the other party doesn’t have to pay a cent while their appeal is in process.

First, a Polite Request in Writing

Your first request for money should be a polite letter in writing that states how the law handles unpaid judgments. These judgments appear on the other parties’ credit report. Even if you have a plan on how to collect your debt if the debtor does not cooperate, such as handing the debt to collections attorneys, do not mention this in your letter. It’s best to give the debtor the idea that you do not have a legal defense so that they will not try to hide their assets. 

Be Willing to Negotiate

If the debtor contacts you and opens the dialogue, be sure to put the ball in their court. If the debtor states they don’t have the money, suggest ways they might pay like Internet payday loans or credit card cash advances. Allow the debtor to consider these options and give them a stated time period in which to come up with the cash. If they miss the deadline, it’s time to come with a more aggressive plan. 

If the cash is too large an amount for the debtor to pay at once, you could consider monthly payments backed up by a simple contract that you can create yourself. You just need to state the terms of the contract and have both you and the debtor sign it. If they pay regularly, but miss a payment now and then, simply call them and work it out. If they fail to honor the contract, it’s time to contact collection attorneys.

Collection Attorneys Can Garnish Wages and Bank Accounts


If you’re still having problems with timely debt payment, or the debtor has simply failed to make any payments whatsoever, the next step you need to take is to pursue methods like wage and bank account garnishment. There are documents that you can fill out at the courthouse, but this is a good point to secure collection attorneys who can file the paperwork for you. 

Collection attorneys are a good idea because they will be aggressive in obtaining the money. When they pursue court judgment debts, they usually do not get paid until the debt is settled. Some attorneys ask for a small fee in order to start the collection process. Collection attorneys will ask for between 40 to 50 percent of your debt in payment for their services. While that sounds like a hefty amount, it is much better than settling for zero.

You Can Be Reimbursed for Judgment Collection Expenses

Fortunately, you are legally entitled to reimbursement for many of the expenses you incur in pursuing settlement of your judgment. Your collection attorney can discuss these options with you. Since you are able to pursue wage and bank account garnishment, you have an excellent chance of recovering your debt. 

The Reward is Money in Hand

Rather than wearing yourself out trying to negotiate with the debtor and listening to their stories, leave the judgment collection process to a professional. You’ll get quick results and can begin to use the money you are legally entitled to for something positive in your life.

Collections Training Resource