What is the difference between a judgment recovery specialist and a collections agency?
A judgment recovery specialist enforces judgments awarded by the courts. A collections agency attempts to collect the debt before it goes through the courts. With a collections agency your debtor has to be willing and able to pay. With us you debtor just has to be able to pay. We will handle the rest! Q: What is a judgment creditor? A: A judgment creditor is the individual that was awarded the claim or monetary judgment. It can be the plantiff of the defendant. Q: What is a judgment debtor? A: A judgment debtor is the individual that has been ordered by the courts to pay a debt owed to another entity. It can be for a service, product, damage to goods, or negligence. Q: Will I still have to pay if you are unable to collect on my judgment debtor? A: No. We get paid when you get paid. All fees are covered first and then we take a percentage of whatever is recovered. Q: What is your fee? A: We typically charge anywhere from 20% to 50% depending on the size amount, and age of the judgment.
