Recovering Judgments can be one of the most frustrating tasks for most businesses. They take the time and energy to go through the legal progress only to have the system fail when it comes time to collect. Many people don’t realize that obtaining the judgment is the easy part. Collecting it is the hard part. The truth is, 90% of all judgments go uncollected. Why is this number so high?
Many people think they can place the accounts with a collection agency and the accounts will be collected. Judgment collections are very different than typical consumer/commercial collections. The laws are different, the tactics needed to collect are different and the costs associated with collecting are much higher. Most collection agencies do not want to risk the amount of time, effort and money needed to collect judgments. Others think they can have their attorney handle the collection of their judgment(s). This is not always a good choice. Most attorneys are good at litigation and legal proceedings, but most attorneys are not trained in the art of collections. Furthermore, most attorneys charge upfront fees. Considering most judgments go uncollected this just added even more money lost for your business. What’s the solution?
Security Financial Solutions, LLC is one of the very few collection agencies in the country with the expertise to collect judgments. Our Asset Investigation team will search and uncover bank and investment accounts, real estate, motor vehicles, and other holdings including assets held by third parties. These assets may then be attached and sold to satisfy the outstanding debt. We collected tens of millions of dollars over the years. We know what it takes to collect judgments, and will go the extra mile and pay the extra expenses to get your judgment collected. We know each case is different. This is why we devise a plan specifically for your situation.
The best part is, we work on a contingency basis. We only get paid if we collect your judgment for you. Whether you have one judgment, or thousands contact SFS today to find out why we’re one of the most respected judgment collectors in the industry!