Collect on a small claims judgment debt or do this as a service business for others
Judgment Recovery Business Opportuney
Huge Earnings Potential!
Do this for yourself to collect on a judgment debt or as a valuable service business for others.
Unlike many other businesses, there is little up-front investment required. There is no licensing red tape. And your identity can be virtually anonymous.
Easy To Start: All you need is:
- Business License
- Post Office Box
- Phone & Voice Mail
- Letterhead & Business Cards
- Computer.
You'll need a dedicated telephone line. VOIP (voice over internet protocol) is an inexpensive solution that might cost only $10/month.
You'll need a Post Office Box. To rent a box from the Post Office or a private mail box service like MailBoxes is inexpensive
You'll need stationary, letterheads, envelopes in order to portray a professional appearance. Depending on quantity, costs to get you started should be less than $100.
May need a business license from your city or county. These are often based on an annual fee of less than $100 (usually $30-$60 depending on location). You can do business as a DBA (doing business as which can be registered at the county level) or as a LLC so that your personal identity can be virtually shielded plus the business will have a more professional appearance .
Access to non-public data . Consumer credit report cost less than $8 and other types of private information such as banking, property and asset location reports may run $10 to $15.
Court filing and levying fees when it comes to seizing assets through the court typically cost less than $50 per enforcement procedure. Most courts will accept mailed or faxed filings.
NOTE that the additional cost of court filing and levying fees PLUS other expenses such as asset location costs are added as reimbursements to the judgment recovery specialist on top of the contingency collected.
For smaller judgments under $1,500, a $100 non-refundable fee can be charged for these small cases. The contingency fee would be 50% of what is recovered.
One of the best things about this business is that you can uproot and move it to another state or location. You can be flexible should your locational plans change. Professional Judgment Recovery & Small Claims Processing Course ... ($297 + Value)
Step-By-Step instructions on how to set up the business and start off running.
Invaluable ins and outs for making this business work. All the methods, advice and tactics you'll need to fast-track this business. You discover how to set up your business and learn how to go about marketing your business to a huge population of potential clients.
All the pre-written forms, letters, customer contracts you'll ever need to do business ($99 + Value)
Invaluable Cover Letter and Agreement Form, Advisor/Agency Authorization Form, Sample Solicitation Letters, Advertising Mock-Ups, Purchase Agreements, Writ of Execution, Assignment Order, Debtor Profile Sheets, Earnings Withholding Order, Memorandum of Costs, Final Judgment Recovery Letter, Instructions To Levying Officer Form, Community Property Assignment Form
PLUS: Smart office resources database for locating a debtor. In most states, judgments are good for ten years. Accumulated assets are ripe for allocation using smart office resources.
Small claims judgment debt collection
Collect on a small claims judgment debt or do this as a service business for others.
Huge Earnings Potential!
Do this for yourself to collect on a judgment debt or as a valuable service business.
Some areas and states offer free online access . Once you get a list of potential customers, you'll need to send a form letter to the judgment holder.
If your area does not have online access, count on spending a few hours in the courthouse gathering your research. You'll be able to familiarize yourself with the case file and form functions with your research. Professional Judgment Recovery & Small Claims Processing Course ...
Step-By-Step instructions on how to set up the business and start off running.
Invaluable ins and outs for making this business work. All the methods, advice and tactics you'll need to fast-track this business. You discover how to set up your business and learn how to go about marketing your business to a huge population of potential clients.
All the pre-written forms, letters, customer contracts you'll ever need to do business
Invaluable Cover Letter and Agreement Form, Advisor/Agency Authorization Form, Sample Solicitation Letters, Advertising Mock-Ups, Purchase Agreements, Writ of Execution, Assignment Order, Debtor Profile Sheets, Earnings Withholding Order, Memorandum of Costs, Final Judgment Recovery Letter, Instructions To Levying Officer Form, Community Property Assignment Form
PLUS: Smart office resources database for locating a debtor. In most states, judgments are good for ten years. Accumulated assets are ripe for allocation using smart office resources.
One of the most frequent questions that are asked focuses on licensing. Every state has a provision that allows judgments to be assigned to third parties.
That being the case, when the judgment is assigned, no licensing is required. Once the assignment is made and filed with the court, the new person or company acquires the legal rights of the original judgment holder.
To insure the validity of the assignment, the judgment must be purchased from the original owner. This can be done for a nominal fee. The other option is a contingency contract initiated by you and detailed in ur judgement recovery business plan.
A contingency contract with the owner is where a contingency finder's fee is charged. This way one is taking assignment of the judgment, otherwise they would be practicing law which they are not licensed for.
A contingency fee or finder's fee of 50% of the judgment is standard for a Judgment/Small Claims Specialist. You get 50% of the judgment for every assignment, besides you will charge for accrued interest + all expenses incurred .
All communication is done using pre-printed forms. There is no need for voice communication. Click or copy and paste into your browser: http://judgmentrecoveryecourse.com/ |