Income In The Judgment Business

Published: 12th December 2012
Views: N/A

With the present economy, it is harder than ever before to earn enough money in the judgment enforcement business. To be fair, it is also much harder to earn enough money in many businesses in these tough times.

The primary method to make income in the judgment collection business is to buy judgments for cash upfront, or with a future-payment basis; and then to recover the judgments. This article discusses additional (and somewhat related) ways for people in a judgment enforcement business to earn more income.

This article is my opinion and is not, legal advice. I'm a judgment evaluation professional, and not an attorney. When you ever want legal advice or a strategy to use, please retain an attorney. Every company depends on the quantity and quality of what you accomplish. Here is a list of alternate choices, for people with a judgment recovery company, to possibly create multiple sources of cash flow:

The common judgment company model obvious; you buy judgments outright, or on a contingency basis; and then attempt to enforce them yourself. A different option, is to retain an attorney to recover the judgments, or outsource judgments to a collection agency.

The next potential cash flow stream is to locate judgments, check out the judgment owners; and then refer those judgment leads to a judgment broker, that pays you when judgments are later recovered. An advantage of referring leads to a judgment broker, is that they take any kind of possibly recoverable judgment lead, anywhere.

Another potential income stream is to purchase judgments for cash upfront, with a goal of settling them quickly for a steep discount, or working out a payment plan. That eliminates the costs and hassles of conventional enforcement attempts. The plan is to earn less money on each judgment, with a lot less effort, and get paid a lot faster, and then move onto the next judgment.

Purchasing judgments for cash upfront is often tough, as most judgment creditors dramatically overestimate the cash up-front value of judgments they won. It's worth paying a bit more than the judgment is actually worth; to avoid having to deal with the original judgment creditor in the future, as is often the situation with a future-payment contingency sale.

One more cash flow path to consider, is to become a registered process server. With some states, that is really easy to apply for, while other states make it more difficult to become a process server. While you can't serve legal paperwork that you are a party to, one can serve papers for other people. The most time consuming and possibly riskier part of being a process server is serving defendants, witnesses, and debtors. The very paperwork intensive, yet more relaxed process serving jobs are employer and bank garnishments. Becoming a process server gets you access to more database vendors, exposes you to more judgment leads, and can provide extra cash flow.

An potential cash flow business is to become a legal document preparer (also known as a legal document assistant). In this role, you do not offer any legal advice, but you can help folks complete the Sheriff's or the court's legal forms.

Other options are learning to be a court runner, or a court researcher. If you are close to a County Recorder or Secretary Of State, one could start a business offering to visit the clerk's window and pulling records or filing paperwork, for those not near such entities. None of these choices are easy income, however each of these allow a potentially to add additional cash flow.


Get judgments recovered for the best realistic price: - Judgment Enforcement. The free, easiest, best and fastest way to begin recovering enforceable judgments. (Mark Shapiro 408-840-4610) No obligation, free judgment evaluations.

Report this article Ask About This Article

More to Explore