Once a judgment is ordered, many people believe that payment will be received automatically. In most cases, this is not true. At this point, the work to resolve the matter has just begun. Often a long and frustrating experience, it is important to hire a judgment collection agency to do the hard work. Because every client is treated with a high level of respect, no case is to large or to small to handle.
After the case is over, the winning party must wait a specified period of time before pursuing payments. The law sets the waiting period so the losing party can file an appeal. A creditor who pursues the debtor during this waiting period may face legal actions as well as forfeit their right to collect the awarded amount.
Although there are several options available when collecting on a debt, the process is frustration. Legally, the winner must wait a specified period of time before requesting payment. This is usually the time the losing party has to file an appeal. Afterwards, if the defendant does not pay, the creditor may ask for a wage garnishment, bank levy or a lien on any real property. Knowledgeable in the debt collection law, the agency has the ability to settle cases regardless of the governing state.
A qualified debt collector will make the process simple. They will use tactics that works for all parties. For example, the collecting party can make payment arrangements with the debtor or settle the account for less than the awarded amount. The debt collector may also suggest that the money is paid by other means such as a credit card advance or loan from friends and family.
A qualified recovery company knows the law and how to apply it to each situation. The firm will use all tactics necessary to locate the person as well as collect payments. Some recovery methods include payment plans, wage garnishments as well as bank garnishments. Similar to a payment plan, a portion of the person's wage is applied to the debt until it is paid in full. When necessary, the agency may decided to settle the amount for less than what is owed. This usually applies to a case that is several years old.
A qualified company understands the legalities behind debt collecting. They will then work efficiently to resolve the matter. This includes a good understanding of the fair credit act. Depending on the person, it can take several years to collect the past due money. Within this time, that person may move or change jobs making it harder to collect the awarded amount.
Specializing in skip traces, the collector will locate the person as well as demand the amount that is due. This includes the interest that has accumulated since the judgment award day. Depending on the amount owed, it may be broken down into monthly payments. Another option is settling for less than the original amount. However, these tactics are usually used in cases that are several years old or in situations where the statute of limitations has expired.
After locating the other party's information, the necessary paperwork will be submitted to the courts. Next it can take anywhere between 30 and 60 days for the case to be heard. On the actual court day, the judge will decide if the money can be garnished from the bank or the person's paycheck. Very often by the time the case is heard in court, the person does not have the money available. An expert judgment collection agency has the ability to pursue other options even when the case seems hopeless.
After the case is over, the winning party must wait a specified period of time before pursuing payments. The law sets the waiting period so the losing party can file an appeal. A creditor who pursues the debtor during this waiting period may face legal actions as well as forfeit their right to collect the awarded amount.
Although there are several options available when collecting on a debt, the process is frustration. Legally, the winner must wait a specified period of time before requesting payment. This is usually the time the losing party has to file an appeal. Afterwards, if the defendant does not pay, the creditor may ask for a wage garnishment, bank levy or a lien on any real property. Knowledgeable in the debt collection law, the agency has the ability to settle cases regardless of the governing state.
A qualified debt collector will make the process simple. They will use tactics that works for all parties. For example, the collecting party can make payment arrangements with the debtor or settle the account for less than the awarded amount. The debt collector may also suggest that the money is paid by other means such as a credit card advance or loan from friends and family.
A qualified recovery company knows the law and how to apply it to each situation. The firm will use all tactics necessary to locate the person as well as collect payments. Some recovery methods include payment plans, wage garnishments as well as bank garnishments. Similar to a payment plan, a portion of the person's wage is applied to the debt until it is paid in full. When necessary, the agency may decided to settle the amount for less than what is owed. This usually applies to a case that is several years old.
A qualified company understands the legalities behind debt collecting. They will then work efficiently to resolve the matter. This includes a good understanding of the fair credit act. Depending on the person, it can take several years to collect the past due money. Within this time, that person may move or change jobs making it harder to collect the awarded amount.
Specializing in skip traces, the collector will locate the person as well as demand the amount that is due. This includes the interest that has accumulated since the judgment award day. Depending on the amount owed, it may be broken down into monthly payments. Another option is settling for less than the original amount. However, these tactics are usually used in cases that are several years old or in situations where the statute of limitations has expired.
After locating the other party's information, the necessary paperwork will be submitted to the courts. Next it can take anywhere between 30 and 60 days for the case to be heard. On the actual court day, the judge will decide if the money can be garnished from the bank or the person's paycheck. Very often by the time the case is heard in court, the person does not have the money available. An expert judgment collection agency has the ability to pursue other options even when the case seems hopeless.
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