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Frequently Asked Questions

  1. Why do you guys take such a large (50%) commission?
    The simple answer is: Because we take all the risks, we cover all the expenses of collection up front, and we spend an enormous amount of time trying to collect on the Judgment. Since we work entirely on a contingency basis, a 50% cut is fair, equitable, and the market average for this business.
  2. What are some of the reasons that you might NOT accept a judgment-collection case?
    We won’t accept a case if:
    (1)We feel, from the information you’ve provided us, that the Debtor isn’t collectible; or
    (2)We feel, for any reason, that this isn’t a case for us.
  3. Once you’ve accepted my Assignment of Judgment, how long does it take for me to get my money?
    There’s really no way we can answer that, and in any case, it’s entirely possible that you’ll receive partial payments, as we continue pursuing the Debtor and his assets. Whenever we receive any payments or obtain tangible assets from the Debtor, we promptly send you your share of the proceeds.
  4. Once I’ve signed an Assignment of Judgment and it’s been filed with a court, can I withdraw the Assignment and regain ‘ownership’ of my judgment?
    It is not our policy to re-assign a Judgment back to the original Judgment Creditor, without having the freedom to work the case for a reasonable period of time.  Don’t forget that we have performed an initial evaluation and promptly begun to work the case and spend dollars on necessary costs. It is only fair that we have the opportunity to earn a fee for services rendered.
  5. By assigning my judgment to you for collection, do I incur any risk or  exposure of any kind?
    None whatsoever. The Agreement to Purchase you signed with us indemnifies you against, and holds you blameless in, any litigation filed against us by or on behalf of the Debtor. But this indemnification is considered null and void if you engage in any collection activity or communications about this Judgment with the Debtor.
  6. Do you offer any kind of guarantee to successfully collect?
    We won’t accept the assignment unless we feel that there’s a pretty good chance of collecting a sizeable portion of the debt. But as in so much in life, there are no guarantees . . . for us or for you. We could easily spend thousands of dollars on research, court costs and legal fees, not to mention many hours of valuable time, and still end up with nothing. That is the risk WE take.
  7. Do I have to approve in advance any expenses that you might incur in collecting on my Judgment?
    No. We spend our resources where we think they are going to be most effective in returning the highest portion of the Judgment in the shortest period of time. We use our years of experience in making these decisions. We’re legally authorized to add most costs we incur to the Debtor’s balance, but there’s never any assurance that we’ll be fully reimbursed. Therefore, because we cover all expenses up front, out of our own pocket, we neither seek nor require your authorization to incur any expenses in pursuing the claim against the Debtor. Furthermore, the same goes for making a decision to ‘settle’ the Case for less than the full amount of the outstanding Judgment balance.
  8. Once I’ve assigned my Judgment to you for collection, should I cease and desist making any further contact with the Debtor about my claim?
    Yes, absolutely. In fact, your Agreement to Purchase specifically prohibits you from communicating with the Debtor in any way about this case.
  9. If I should die after assigning my Judgment to you, but before you’ve completed the collections process, what’s the status of my Judgment?
    The Agreement to Purchase specifically provides for the continued payment of your share to your Estate of any monies we collect on the Judgment balance.
  10. What if the Debtor files for Bankruptcy during the collection process; what options does that leave us?
    If it can be proven that the Debtor filed a fraudulent bankruptcy, we might be able to negate the bankruptcy filing. Otherwise, this action could eliminate our chances for collection.