A Collect Calling
How can I start a judicial recovery business?
Question: I've received
some information on processing judicial judgments from home. Are
these companies and their training legitimate? How difficult is
this business to start and operate? How competitive is it? Is it
Answer: The fundamental work of a judgment recovery specialist is collecting money-doing the paperwork and legwork to seize bank accounts, garnish wages and place liens on or seize personal property. That's in addition to locating debtors who have moved, sometimes to escape paying off debts. And you have to personally contact debtors about paying the judgment you're handling. Sometimes a letter and a phone call produce results-some debtors, when vigorously pursued, will join the million-plus people and businesses filing bankruptcy each year.
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