Eighty Percent of Small Claims and Bad Debts Go Uncollected
Small Claims Court » Eighty Percent of Small Claims and Bad Debts Go Uncollected
This is most typical for most Americans:
- Somebody who doesn't pay
- You send them to court
- The judge or the magistrate decides in your favor
- You don't get any money that is owed to you.
Although the small claim court is set up to allow you to recover money, nothing in the manual says that it isn't going to hard. The court system allows access to simple information on filing any garnishment of wages, bank garnishments, liens, and other ways of recovering the money the small claims court awarded to you, however that information will not teach you everything you need to know. Therefore, that leaves us with only a few options:
- Be defeated by your debtors (Never collect the money owed to you)
- Spend all of your time trying to figure out how to recover your judgment yourself
- Talk to an attorney and pay a retainer plus hundreds per hour fees
- Hire a debt collection service
Although collection agency service isn't hard to figure out once you know how to use one, the process can be very easy and beneficial. You would think that once the court awards you the judgment, the court system would make it less of a hassle for you to recover the funds that are owed to you.
Small Claims Courts offers information packets to you explaining debtors rights. Try to ask one of the court clerks how you find the bank information of the debtor or the process of garnishing the wages of the debtor, and you will find a familiar answer - 'we cannot offer 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 connect all of the dots in the case. One of the obstacles a creditor will face is that almost all credit reporting agencies will not allow you to retrieve a credit report on someone if you do not own or operate a legitimate company that complies with FRCA laws and regulations.
If you use a judgment recovery 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 lawyers 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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