Judgment Recovery – Businessopportunity.com Article

Looking for a business opportunity that will thrive regardless of what the economy is doing?

Learn how you can earn a steady, predictable income of $5,000 to $8,000 a month with a home based Judgment Recovery business.

If you’re interested in making a career change for the long-term, you need a business opportunity that’s truly economy-proof.  You know, one that does well when the economy doesn’t and that will position you to thrive when things start to improve…and they will!  There are a few good options out there.  This is one that not too many people know about just yet…all the more reason why you should!

Here’s what you need to know about becoming a Judgment Recovery Specialist…

Thousands of civil cases are heard by judges in your local courthouse each year.  It’s the same old story…someone sues someone else for damages or not holding up their end of a bargain or contract.  A civil judgment is awarded. What you may not know is that 79% of those awarded debts go uncollected!  That’s right, 79%!  It’s staggering.

Even more incredible is the fact that the full responsibility for collecting the judgment resides with the person who won the case, also known as the judgment holder.  What!?  That’s right, when someone takes someone else to court and WINS, that judgment holder must now collect his/her own judgment from the debtor.  Now you can only imagine how that goes when the debtor was unable or unwilling to pony up the goods in the first place.  After all, if the transaction was going to be easy, the judgment holder wouldn’t have had to take things to court at all, right?  No wonder the percentage of uncollected debts awarded in civil courts is so high!

Long story short, once the judgment is final and monetary compensation is awarded, the court itself does NOTHING to enforce the judgment.  The judgment holder is alone!

The Role of the Judgment Recovery Specialist

Well, not entirely alone…not anymore anyway.  Beginning in the late 90s, a new industry began to emerge that focused on assisting judgment holders in collecting the judgments that were owed them.  Today, the role of the Judgment Recovery Specialist (JRS) has evolved into a well-respected and growing profession, one that is gradually gaining recognition in courthouses nationwide.

Civil case files are a matter of public record.  Your local courthouse is full of them.  More importantly, it’s full of cases where the judgment has never been paid. A well-trained JRS accesses those files, decides which cases he/she would like to handle and then contacts the judgment holder to offer his/her services in collecting the debt.  By virtue of civil statute in all 50 states, the judgment holder is then able to legally and simply turn over the ownership of the judgment to the JRS.  By law, once the JRS becomes the owner of the judgment, he/she acquires the full right to enforce the judgment, and also to access information that not just anyone would know about, such as consumer credit history and other critical financial information.  The transfer of ownership allows the JRS to utilize his/her specialized training and knowledge to not only locate the debtor, but to identify his/her assets and seize those assets using the court system to ensure the debt is paid.

Payment from the judgment debtor is no longer a voluntary option. When the debtor doesn’t pay, the court provides legal remedies to the JRS to force them to pay. It’s up to the JRS to initiate these procedures through the court. These remedies can include wage garnishments, bank account seizures, interception of under the table or rental income, business income or assets, seizure and sale of personal real property – you name it! If it isn’t exempt, it’s fair game.

In return, the JRS negotiates with the judgment holder to keep as much as half of the collected amount as payment for purchase of the judgment.  Half of something for the judgment holder is almost always better than 100% of nothing!  Most judgment holders especially don’t mind parting with some of the money to the JRS when they realize that their uncollected debt has also been earning interest for a number of years, so half is more than they thought.  Perhaps most importantly, the JRS collects every penny without any out of pocket expense to the judgment holder. It’s not so much that the work of collecting unpaid judgments is hard.  It’s just that it requires the research, resources and training to do it well.  That’s where a person like Christina Smiley comes in.

Sierra Judgment Recovery

Smiley is the Founder/Owner of Sierra Judgment Recovery.  She’s been a JRS since the early 90s and has dedicated herself to training others and sharing her well-earned expertise and knowledge with them since 1997.  Smiley is on a mission to recruit serious-minded professionals who don’t mind hard work, have integrity and would like to consider judgment recovery as a career.  She’ll do whatever it takes to train and support the right candidates, those who share her passion in ensuring the rule of law is upheld for those who can’t help themselves.

“People interested in this line of work will tell me they might feel bad collecting money from people who may not be in a financial position to pay,” she says.  “But you have to keep in mind who the real victim is here.  If someone goes through the hassle and expense of taking a case to court, then wins and never gets anything out of it, that’s just not right.”  She’ll concede that in some instances, sympathy is warranted.  “But when I collect for a little old lady whose crook of a contractor took her money and then didn’t finish her roof as promised…well then I know I’m providing something valuable,” Smiley goes on.  “That makes me feel really good.”  She adds that it is always the prerogative of the JRS to accept a case or not.  In other words, once a JRS contacts the judgment holder and gets the full story, it becomes very clear as to how and even if he/she would like to proceed.

Another concern often expressed by people who might be interested in becoming a JRS is whether or not settling judgments is a dangerous job.  Smiley is quick to say, “Not at all!”  In all of her years in judgment recovery, Smiley and her colleagues have never felt threatened by a judgment debtor.  In fact, a JRS has little to no direct contact with any debtor, as everything is handled through filing documents with the courts. In the few instances where she has actually contacted the debtor, she has viewed it as an opportunity to work out a mutually agreeable payment plan.  “Many debtors have long since recovered financially from when the judgment was awarded, but no one has pursued them up to that point, so they don’t pay up until they have to,” she says.  “Most of them are quite reasonable when they consider the effect not paying is having on their credit.  Most people don’t want a debt hanging over their head, so we offer them a way to see light at the end of the tunnel,” she says.

Judgment Recovery and the Economy

Judgment recovery is one of the very few fields in which people can be their own boss and where their success is not subject to fluctuations in the economy, be they good or bad.  In a struggling economy, judgment debtors who have a decent job are not going to give it up just so they can avoid a wage garnishment, especially if they can pay reasonably over time.  And as for judgment holders, when the economy is on the fritz, they start coming out of the woodwork, which is great for the JRS.  Of course, when times are good, well…they just are.

As for the JRS field itself, Smiley has noticed an upturn in the number of people interested in her incredibly affordable training program materials, which are widely recognized as some of the most respected and current in the industry.  “I’ve had people I trained ten years ago get back in touch with me for my support in getting their own judgment recovery business up and running now that they can,” she says.  “My offer of support still stands after all this time…at no charge.”

Asked about her tremendous dedication to training others, she explains, “I want to educate people in my field because it’s my passion.  Even more importantly, I don’t want anybody out there doing the wrong thing that may reflect on our industry in a negative way.”  Given that the JRS field is still evolving and growing so quickly, Smiley is doing her part to ensure that no JRS is violating current legislation in carrying out his/her mission.  “There are legislative acts that regulate our industry and are designed to ensure that consumers are protected in all of this.  Those laws are fair,” she says, “and they must be adhered to…for all our sakes.”

The way Smiley sees it, “The job market is uncertain right now; but bad debt is never going away.”  Given the current state of affairs, there’s a tremendous opportunity for any trained JRS to enforce unpaid debts on behalf of those who can’t or don’t know how to help themselves and to earn a good income while doing it.  Smiley sums it up quite nicely…“Taking charge of your own financial destiny is important, especially when times are tough…and being a JRS is a great opportunity to do just that.”

For more information about a judgment recovery business, and to sign up for a free judgment recovery start up guide, visit Sierra Judgment Recovery at: www.recoverycourse.com