Eighty Percent of Small Claims Cases and Bad Debts Go Uncollected
Small Claims » Eighty Percent of Small Claims Cases and Bad Debts Go Uncollected
This is true for so many Americans:
- Somebody does you wrong
- You take them to small claims
- The judge makes a decision in your favor
- You don't get any compensation.
Although the small claim court is structured to allow you to recover money, nobody said that it is easy. The court system offers you simple information on filing any garnishment of wages, bank garnishments, liens, and other ways of recovering the money the small claims court awarded to you, but that information will not teach you everything you need to know. So that leaves us with only a few choices:
- Call it a loss (Never recover your money)
- Spend several weeks trying to learn how to collect your money yourself
- Call an attorney and pay a retainer plus hourly fees of hundreds per hour
- Hire a Collection Agency
Although debt collection service isn't very difficult to learn once you know how to use one, the process can be very easy and beneficial. You would think that judgment is awarded to you, the small claims court would make it less complicated for you to collect the funds that you are owed.
Civil Courts offers pamphlets to you explaining what your rights are as a debtor. Try to ask one of the court clerks how you go about finding the debtors bank account information or the process for garnishing the debtors wages, and you will find a familiar answer - 'we cannot offer legal advice'.
The fastest way to find the debtor's information about the debtor is the skip tracing technique. Part of this process involves pulling a credit report on the debtor, and being a private investigator to put all of the pieces together. One of the obstacles a creditor will face is that almost all credit reporting agencies will not allow you to retrieve a credit report on someone if you do not own or operate a legitimate company that complies with FRCA laws and regulations.
If you use a debt collection service, they will collect your money for you with with no out-of-pocket fees, and absolutely no fees unless the money owed to you is recovered. Unlike lawyers who charge a per hour fee, whether or not they are able to collect your fees.
We recommend letting a professional National Collection Agency handle your outstanding debts for the most effective and efficient no-upfront cost way to collect on monies owed to you.
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