Collecting Judicial Judgments

$10,000 Per Month Collecting Judicial Judgments!!

I suppose you could consider this a legitimate business but it takes a special breed of person to do this and having a 300lb bodyguard wouldn't be a bad idea either.

HOW IT WORKS...

You can sue anyone for anything. One of the most common of these civil lawsuits is landlord/tenant in nature. Your tenant moves out in the middle of the night owning you over $1000 in back rent. You go through the steps to sue and if the tenant doesn't show up in court to defend himself you will likely be granted a default judgment. You win! This is recorded in your local county clerk office. Now what? You have to collect and this is the hard part.

You do have several options and the laws vary by state. You can garnish his wages and/or his bank account and a few other things. The problem is he didn't pay rent for a reason, chief of which is probably no job and therefore no need for a bank account. So you drop it, safe in the knowledge that this judgment will show up on his credit report and make getting credit very difficult for him.

When you send in your $89 to learn about this business "opportunity" they will tell you to go to the clerks office and take down the info on judgments that are 3-5 years old or longer and haven't been collected. Contact the judgment holder and have them assign it to you. Now you are the judgment holder. The "deadbeat" now owes the money to you.
Why would the judgment holder assign it to you? They have either given up and/or lost track of the deadbeat. These companies will suggest you contact the holders of older judgments for just this reason. They will be easier to sign up this way. A "benefit" to you of judgments this old is that the deadbeat my have had a change of luck and now have the funds to pay the judgment.

You will have made a deal with the holder of the original judgment to pay him a percentage of any funds you collect. Incidentally, interest does accrue on any unpaid judgments.

Unfortunately the sellers of this "opportunity" are overly optimistic about your chances to make money in this business. Some things to consider...People who are owed a lot of money will be very reluctant to assign that right to someone else. Therefore, you will be chasing judgments in the thousand dollar range mostly and chasing is a very good word to describe it. Just because you get some assignments it is no guarantee you will make any money. You now have to spend money to find the person, pull a credit report and various other things to collect on "your" judgment and this could all lead to a guy that still has no money.

These companies will tell you it's a numbers game, find he has no money and move on to the next one. They are right you can move on to the next one but to get that next one you have to go to the clerk's office research who owns these judgments, contact them, convince them to assign it to you and then on you go to find the deadbeat.

That is a lot of hard work and YES anything worth having is worth working hard for but to promise you $10,000 per month collecting on these things is ridiculous. You will be much better off leaving this business to others. SAVE YOUR MONEY!