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top
What
are my chances of being successful in a business of my own?
Good
question! Not everyone is cut out to run their own business. While
there is really no definitive way of knowing if you have what it takes, there
are number of entrepreneurial test that can provide you with insight.
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How
difficult is it to locate clients and obtain judgments?
You will be surprised at how easy it is to become overwhelmed with business!
Most judgment recovery specialists have to limit the number of cases they
actually accept.
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Why
wouldn't a judgment holder enforce his own judgment?
Most judgment
holders simply don't know how. Then, there are the problems associated with
tracking the debtor, locating assets, etc. With 80% of all judgments going
uncollected, it's obvious the average person doesn't have the ability to
collect on his own.
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Couldn't
he hire an attorney?
Sure, if he
wants to pay a retainer, and a fee of between $100 and $200 per hour! Using
your services, he has no out of pocket costs whatsoever.
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On
what percentage of the cases I accept, can I actually expect to collect?
This will depend
on the size of the judgments and the criteria you place on your acceptance.
50% is a realistic number.
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Is
this business legitimate because
it sounds too good to be true?
YES it is legitimate and can be very
lucrative.
The
judicial judgment-recovery business does, indeed, seem to be too good to be
true. It first came to national attention when Business Start Up
magazine identified it as a "shoestring start-up" that requires less
than $3,000 in initial capital.
It is a
growing field that appeals to many people because it has the potential to
generate excellent financial rewards while providing a valuable service to
society. Add to that the fact that it is primarily computer-based work that
can be performed at home and you have a very appealing combination.
The goal of
the business is to collect previously un-collectible court judgments for a
percentage of the return. Finding these uncollected judgments is the
easy part, since they are a matter of public record and are easily accessible
through county courthouses. Consumer and commercial debt collection is often
the most lucrative. While some are small-claim judgments for a few hundred
dollars, others are civil judgments amounting to hundreds of thousands of
dollars.
Interestingly,
only about 20% of these judgments are ever paid. That means that 80% of all
court-awarded judgments go uncollected. In part, this occurs because the court
doesn't enforce collection. It's up to the judgment winner to get his or her
money. Meanwhile, debtors often look for ways to avoid payment. They may
change residences, states and even names to avoid detection. Some try to hide
their assets. Enter the judicial judgment-recovery specialist, who will track
down the errant debtor, ferret out his or her hidden assets, and recover the
money owed.
There are a
number of professional membership organizations devoted to developing
standards, resources and training in this area, including the
JudgmentCenter.com.
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Can I contact you by telephone with questions about membership?
Yes, click
here.
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Is
this business dangerous?
You never even have to confront the debtor. Your
investigations can be conducted in covert fashion. The debtor doesn't even
have to know you are on his trail.
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Does
judgment recovery require a great deal of knowledge of the legal system?
No. The JudgmentCenter
manual provides you with all the basics. Your knowledge of the legal system
will increase with experience. Most judgment recovery specialists are neither
attorneys nor paralegals.
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Is
there a lot of competition in this business?
Absolutely not! Judgment Recovery is a relatively new field. It
is very likely that you will encounter little, if any competition at all!
Should there be other judgment recovery specialists in your area, there is
still plenty of business to go around.
Click here to see
how many unsatisfied judgments are in your state as of the year
2000. BUT the amount has drastically gone up over the last three
years, as we are in a very long and deep recession and that has caused the
number of judgment to increase.
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Can
I work part time?
Sure, by
limiting the number of cases that you accept based on the time that you have
available.
top
Is
there any special license required for judgment recovery?
There is no professional license specifically for the business of judgment
recovery but many states require businesses to have an occupational license of
some kind. The type of license required varies from state to state.
Information on obtaining the proper license is covered in the Judgment Center
Manual.
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Is
judgment recovery legal in my state?
Judgment recovery and the transfer of ownership is legal in all states.
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Can
I obtain help if I encounter difficulties?
Certainly!
Contact us by clicking here.
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Couldn't
I enter this business on my own without becoming a Judgment Center member?
You probably could, but you would have a tremendous amount to learn on your
own. The JudgmentCenter manual will provide you with all the necessary forms,
agreements, and information needed to become successful as quickly as
possible. The JudgmentCenter manual has been compiled from the lessons learned
from hundreds of actual judgment recovery cases. And, as a member, you will
have the support and assistance of successful judgment recovery specialists
located throughout the U.S.
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Can
I order a printed copy of the manual?
It will come
with your order. You do not need to do anything except provide your
valid email address and also your shipping address when you do place your
order. It comes in a 3 ring white notebook. So you can add your own
notes, forms and take the entire notebook where ever you go.
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Am
I provided online sources of information that can be used to conduct skip
traces, asset searches, etc?
Yes. Just click
the links as you are studying the manual. You will immediately be taken to the
referenced sites.
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Does
the manual come with any templates of the legal documents?
Yes. You will
have the ability to photo copy the full set of MS-Word templates for producing
your more commonly used documents. You will then modify them to fix your
own business.
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Are
there any guarantees?
Only you can guarantee
your success in the business of judgment recovery, or any other
business. However, we will guarantee to provide you with all the knowledge and
information necessary to become successful if you work hard and are resourceful.
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How
is my manual delivered?
Your manual may
be downloaded in Adobe Acrobat Reader e-book form, upon payment.
Your hard copy (3-ring notebook) is sent by regular mail (book rate).
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Is
the training received through Judgment Center as comprehensive as that
available from other sources?
Don't let the cost fool
you! The JudgmentCenter manual will provide you with everything needed
to enter the judgment recovery profession, and do so for a lot less than any
other program available. It also guarantees you the support and assistance of Judgment Center.
Your membership in Judgment Center assures you that you will never
be alone!
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Is
my membership fee tax deductible?
We sure assume
so, but contact a tax professional to make sure. Also might be able to
deduct the
miles you drive for this business also deduct the cost of letters, envelopes,
postage etc...
top
Is Judgment Center
a member of the Better Business Bureau?
No. The BBB is
composed of hundreds of affiliate offices located throughout the U.S. We don't
feel the benefits justify the expense of membership because if we joined it is
only our local BBB. Even though Judgment Center
is not a BBB member, you can still check for complaints on the BBB website. (You
will find that there are none!)
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What if I owe a judgment myself?
Good question! If you owe money in one or more judgments
yourself, and want to pay part of the judgment we can work out a deal where I
collect the judgment from the person/business you owe money to. Then you
pay me 60%, and the rest is forgiven. Thus saving you 40%. WHAT A DEAL!
top
Can you create a website like this one for me?
Yes, its already part of the system. You will have a website name of
http://yourname.JudgmentCenter.com Buy
The System Now!
top
Can you help me find the people because I just don't know where to even start?
Yes we can. Once you have a judgment assigned to you to
collect, we can help you find the people for you. We have a very in-depth set of tools. Please
click
here to go to that webpage to place an order to find someone.
top Unsatisfied
Judgments
Compiled 01/1992 through 01/2000
This does not count the
last 4 years. The recession has caused this to increase by hundreds
of millions of dollars.
This
is the most current information available.
Compiled from U.S. Census information.
|
|
| Name
of State |
Cases |
Total
Amount |
| |
|
|
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming |
397,300
189,512
215,010
289,692
653,874
324,150
307,474
287,416
198,393
419,566
375,330
286,467
308,632
493,730
391,211
298,344
255,037
317,502
304,948
295,786
262,009
517,317
393,812
268,495
294,794
265,930
310,653
291,139
227,355
430,482
240,339
719,563
312,751
263,890
334,735
294,703
312,922
373,775
301,012
295,221
278,335
364,000
429,783
265,609
195,249
345,672
320,658
289,153
218,650
311,022 |
$424,504,422
$182,085,025
$310,021,128
$297,984,100
$815,693,204
$363,551,388
$329,381,285
$263,477,592
$257,630,456
$569,348,703
$342,743,634
$267,930,723
$378,203,475
$639,362,392
$438,345,497
$325,580,000
$351,101,932
$389,058,458
$320,194,389
$283,574,949
$258,957,433
$639,229,383
$439,803,038
$317,339,304
$374,945,683
$350,348,934
$393,202,029
$320,148,734
$242,048,838
$573,191,320
$289,384,573
$943,202,934
$365,893,900
$301,637,342
$340,247,832
$320,987,493
$353,705,634
$392,682,983
$319,538,833
$297,493,973
$302,849,393
$410,384,921
$489,722,219
$319,473,820
$224,058,435
$386,849,212
$376,945,732
$340,371,156
$268,455,268
$365,611,783 |
| |
|
|
| Total |
16,338,402 |
$18,868,484,884 |
|
Making
Money as Judgment Processor
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