The skills necessary for collecting accounts in Small Claims Court are as follows:
After the presiding Small Claims Judge decrees a judgment, you will be able to collect the debt awarded. Collecting small claims judgments is difficult to do on your own, unless you have the expertise or experience. The debtor can hide and refuse disclose their real assets. The debtor can also avoid settling the Judgment with you by disappearing, effectively prolonging payment for years at a time. Alone, you stand almost no chance of recovering your money or items owed.
A defendant who owes you will usually not attempt to satisfy the Judgment unless prompted with a motivating factor. Often, debtors are financially broke and cannot pay the judgment owed to you. These same debtors, however, own property, real estate and other valuable income sources that can be liquidated. A debtor will not willingly sell that expensive piece of jewelry, car or house to satisfy your judgment as they tend to feel that if you are out of sight, you’re out of their mind.
A Collection Agency is a sure way to get you back into the mind of the debtor and professionally coerce them to satisfy the Small Claims Judgment against them. An experienced collection agency is skilled in the art of recovering money from debtors who choose not to pay. Legal remedies and solutions can be leveraged against the debtor from the collection agency. A debt recovery agency also has the time and resources to locate the debtor and legally force them to disclose their assets. Often, a collection agency will produce positive results in collecting your debt in a relatively short amount of time.
When a collection agency is hired to collect your debts, the debtor knows that you are serious. More often than not, the debtor becomes nervous and scared and decides to settle the debt. Attaching a debtor’s finances is a remedy that a collection agency can use to recover your money. By garnishing a debtor’s wages and assets, the debt is satisfied from payments negotiated from the collection agency or property and valuables liquidated to satisfy your judgment. Debtors are more likely to respond to a collection agency’s request and enter into a solution voluntarily. A collection agency can, however, also enforce the judgment against them through legal recourse. Debtors found in the position of having to litigate with collection agencies are up against professional collection specialists who know the law and will use it collect your money.To get started today, call us at 321-710-3530 to speak with an associate