Judgment Recovery Services Texas - Who Buys Judgments?

Online, January 9, 2013 (Newswire.com) - Companies which buy judgments, and pay cash today, are limited in number. However, there are hundreds if not thousands of companies that will "purchase" the judgment on a "future pay" basis. In a true judgment sale, the company pays cash right away when the judgment is assigned. In a "future pay" sale or assignment, payment is not done when the judgment is assigned.

Companies that purchase judgments for cash likely have several characteristics: 1)confidence in the ability to execute and collect judgments, 2) are adequately capitalized to be able to fund judgment purchases and the costs to collect, and wait to receive payment from the debtor, and 3) have superior research capacities and collection systems.

The first issue addresses confidence in their ability to collect the judgments. Regrettably, collecting judgments is not 100 percent reliable. Diabolical debtors disappear, file bankruptcy, commit fraud, lie, hide assets and commit other criminal acts to avoid honoring the obligations. However, an expert can make reasoned judgments about the probability of collecting a debt. The most sophisticated firms have pricing models to value judgments or packages of judgments based upon the aforementioned criteria.

Firms that pay cash to buy or purchase judgments are adequately capitalized to fund the acquisition of the judgment and collection expenses until receiving payment. Adequate capitalization is an appropriate factor to consider when selecting a firm to collect the judgment. Adequate capitalization is an indication of a professional run and organized company with systems and processes to execute effectively.

Companies that pay cash up front to purchase judgments must have excellent research capabilities, execution processes and access to talented legal staff. There are hundreds of public databases that can be accessed for free or a modest monthly fee. The "future pay" collection firms likely have access to many of these. National Judgment Recovery Center, LLC has these tools, and much, much more. Proprietary databases are available which no other firm is believed to have. The team of 45 programmers and 300 researchers aggregate data from multiple sources into proprietary databases. The programmers have also developed a proprietary application to help researchers to systematically collect and catalog data on debtors.

Contact the National Judgment Recovery Center for selling and buying judgments in Texas. The National Judgment Recovery Center can help you with finding a debtor's assets and collect for your judgments in a short duration.

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