This ad will close in

Shoestring Startups

Judgment Recovery Service

Often, winning a case in small claims court is much easier than collecting on the judgment. Much like collections agents, judgment recovery specialists go after unpaid claims, charging a percentage of the claim as a fee. Judgments for property damage and uninsured auto accidents make up most of the business for Christina Smiley, a former collections agent who started Sierra Judgment Recovery in South Lake Tahoe, California, three years ago. Smiley earns 40 percent to 50 percent of each judgment she recovers, which added up to $80,000 last year.

Start-Up Cost: $200

Like this article? Get this issue right now on iPad, Nook or Kindle Fire.

This article was originally published in the April 1998 print edition of Entrepreneur with the headline: Shoestring Startups.

Loading the player ...

Shark Tank's Daymond John on Lessons From His Worst Mistakes

Ads by Google

0 Comments. Post Yours.

Most Shared Stories

1
The 3 Attributes to Look for in Top Talent
2
5 Key Characteristics Every Entrepreneur Should Have
3
14 Books Every Entrepreneur Should Read in '14
4
Steve Jobs' 13 Most Inspiring Quotes
5
How to Change Your Beliefs and Stick to Your Goals for Good

Trending Now