Debt buyer services

By law, a judgment holder has the right to assign someone else to enforce their judgment for them.  There are time limitations as to when you may collect on the judgment. If you fail to act within the given time constraints, the judgment could expire. There is no out of pocket cost to you. We incur all of the associated costs involved in searching for the assets and collecting the judgment. How do I get my money?1- We will purchase the judgment(s) directly from you. You can receive funds within 24 hours.2- There are several legal methods to enforce judgments. These include liens on real estate, wage garnishment, bank account seizure and scheduled payment plans. The methods used to recover a particular judgment are dictated by each Judgment Debtor's financial situation and their level of cooperation. We like to use legal, non-confrontational methods that have been proven effective.

How long does it take to collect?

Time needed to recover any judgment depends on a number of factors, including the amount of the judgment, the motivation and financial position of the Debtor. The majority of judgments are collected within six months to twelve months.  What about Small Claims judgments? We can collect those as well.Can I recover my own judgment?Yes. But this is where we can help. We have the skills and resources needed to locate assets and employment that may be seized and garnished to satisfy the balance of the judgment. Q. I have a judgment AGAINST me.  I would like to get it resolved.  Can you help?A. Yes.  We can contact the judgment creditor and purchase it, usually for cents on the dollar.  Money you have placed in escrow is used to pay off the judgment, resolving the issue and typically saving you a lot of money. What assets does my debtor have?We have the experience and resources to locate and establish debtor assets.Is this going to cost me a large retainer?There are no upfront costs or fees. "if we do not recover, we do not get paid" You have nothing to lose, and everything to gain by contacting us and letting us discuss your case again, at no cost to you.I thought my judgment was an order for the debtor to pay? Isn't the debtor breaking the law by not paying? It is not against the law to owe money. We want the debtor working, making money, saving money and making purchases so he or she will be easier to track and collect. Are you a collection agency? No, we are not a collection agency. Collection agencies process debts in bulk. We actually "take assignment" on your ABSTRACT judgment. We then have the authority to pull credit reports, conduct thorough asset investigations, including surveillance, bank locates and more. Our cases are treated individually and are case specific. Can I use an attorney for judgment collection? Yes, we have an in house attorney to answer all your questions. However, an attorney will charge an hourly fee, while many attorneys are skilled at judgment recovery, most are not familiar with effective post- judgment collection strategies. How much does judgment recovery cost me? It costs you absolutely nothing. We advance all costs. If there are additional court expenses, we petition the court to add these to the judgment collection. We work with attorneys at no cost to you. Can you guarantee that you'll recover the money judgment? There are no guarantees, except that we will make our strongest effort. We use every possible strategy to collect, including pursuing assets of spouses and even a former spouse. If your debtor files for Bankruptcy, not all is lost. When appropriate, we will fight the debtor's bankruptcy in order to not get the judgment discharged. How long is my judgment collection good for? A California judgment is good for an initial 10 years, and can be renewed. The judgment collects 10% interest per year. Other states may vary from 7 to 25 years. All with different interest rates. PurchasingWe Buy California Judgments.com will purchase your unpaid judgments. From 1-1000. No balance too small or large.At absolutely no cost to you. It works simply like this:1- Forward judgment(s), including all debtor related information for review.2 - We forward you a Quote.3 - You approve the Quote.4 - We send you the contact.5 - You send back the signed contract.6 - We receive the signed contract from you.7 - We send you a check."It's that easy" Collection V’s Lawsuit Not all debts assigned can be collected without using the California legal system to obtain a judgment. Our goal is to collect your money without filing a lawsuit, and most often this goal is reached. Mega Financial has collected hundreds of debts in California without having to use an attorney. Perhaps you already have a judgment but are still unable to collect what is owed you. Perhaps the debtor has vanished or gone out of business. We can help! We have over twenty years experience in collecting unpaid court judgments for professionals and small business owners. They take debts to court by serving them with a summons and complaint. Then they will argue your case and usually obtain a judgment in your behalf. Once you have obtained a judgment against a debtor, Mega Financial is there to enforce the judgment and collect your debt. While we do everything in our power to avoid a lawsuit, we will move quickly to get a debtor to court whenever the situation merits. However, the reality is that difficult and uncooperative debts, as well as some heavily disputed debts, sometimes must be litigated in the California courts. In these cases, we use our in house attorney with expertise in our collection matters. We Buy California Judgments will pursue and sue for you to get your debt collected! In today's world, not much is accomplished without leaving some sort of paper trail. Armed with the right resources, it is becoming increasingly difficult to hide in today's high-tech society. We have access to information not available to the general public and are approved to utilize "restricted" databases used by law enforcement and investigative agencies. We use legal means of locating debtors and assets, including computer research, public and non-public records credit reports, telephone tracing court research, mail and, records obtained by subpoena, and gumshoe tactics which require in-the-field investigation. We are authorized by the court to enter the "secure" files area, which increases the efficiency of our research/investigations. The majority of debtors are ultimately located. We have the resources, expertise, and resolve to make collection of your judgment a priority. We will conduct a thorough investigation to uncover any assets and income, and take the necessary steps to levy on them. CAN I COLLECT UNPAID INTEREST ON MY JUDGMENT? Yes. California statute currently provides for interest of 10% per annum on the principal amount of a money judgment remaining unsatisfied. Q. The court awarded me the judgment.  Aren't they going to enforce it?A. Your judgment is a court order for money damages.  It is the responsibility of the creditor to get the debtor to pay.  The court will administer payments, but only once those assets have been identified by the creditor.  The difficulty in locating the debtor and his assets, and providing the court with the information to seize them, is why you should consider Mega Financial as your debt locating partner. Q. I have a judgment AGAINST me.  I would like to get it resolved.  Can you help?A. Yes.  We can contact the judgment creditor and purchase it, usually for cents on the dollar.  Money you have placed in escrow is used to pay off the judgment, resolving the issue and typically saving you a lot of money. HOW ABOUT USING A COLLECTION AGENCY? Our method of proceeding against debtors is different from that of a collection agency. We do not engage in telephone calls nor do we send dunning notices. These methods are ineffective. Judgment enforcement requires substantial resources and is very time intensive. With an emphasis on volume, the average collection agency usually cannot invest the necessary resources and time required for enforcement. WHY SHOULDN'T I USE AN ATTORNEY TO COLLECT MY JUDGMENT? The use of a lawyer in some cases may be a wise choice. If your judgment is large and you already know where the debtor's assets are, you may be best to hire an attorney on an hourly basis to seize assets and keep 100% of the recovery. Most judgment creditors not only don't know "where the assets are", they don't have a clue where the debtor is. Judgment enforcement is a specialty which requires substantial time, special tools and resources. More often than not, attorneys forward their own judgments to someone like us for collection. IS THERE ANY GUARANTEE YOU WILL COLLECTON MY JUDGMENT? No file should be closed until it is collected or by order of a bankruptcy court. No. Sometimes judgment debtors are "judgment proof", meaning they have no assets and their income is exempt from attachment. Or your debt could be legally discharged in a bankruptcy. A change of circumstances even years later could make all the difference; debtors do not always remain uncollectible. MUST I PAY FOR THE EXPENSES INCURRED IN ENFORCING MY JUDGMENT? No. You pay no fees, expenses or costs to initiate the collection proceeding. We advance all costs, and are reimbursed only if and when there is a recovery. If a court declares the debtor bankrupt, it is our loss and we have no recourse to collect our costs. Only actual incurred expenses (credit reports, sheriff, court fees, and online research charges) are calculated as costs. Some of these costs may even be added onto the judgment. DO YOU IMMEDIATELY CONTACT THE DEBTOR?WHAT IS YOUR STRATEGY? If assets are located, we take the steps to seize those assets without prior notice, to prevent the debtor from transferring or concealing those assets. Once we have located the debtor it is rarely necessary to contact him. When we have sufficient facts before us, we develop a strategy. If there appears to be no visible assets, we obtain a court order requiring the debtor or other knowledgeable third parties to appear in court for examination to discover his assets and to produce documents. Once the debtor realizes his predicament, he will often attempt to pay the debt, although in some cases, will seek protection in bankruptcy. I WANT NOTHING TO DO WITH THE DEBTOR!HOW INVOLVED WILL I BE? After "Acknowledgment of Assignment" is filed, and the court recognizes us as the Judgment Creditor. In most cases you will never have to deal with the Judgment Debtor again. HOW LONG BEFORE I ACTUALLY SEE RESULTS? The majority of debtors are found within 30 days. Although we move quickly in processing your case, judgment enforcement takes time due to a number of factors. Even if assets are immediately located, the processing of your case through the "system" can add weeks, even months. MY JUDGMENT IS FROM OUTSIDE CALIFORNIA.BUT MY DEBTOR MOVED TO CALIFORNIA. Your judgment can be transferred into California, making it enforceable in this state. I CANNOT REACH THE DEBTOR BECAUSE HE HASPUT THEM IN ANOTHER PERSON'S NAME. This often happens with larger judgments. Under the Uniform Code of Fraudulent Transfers, assets can be recovered if fraudulently moved to another entity or person. If it appears that the "badges of fraud" are present, a separate suit against the transferee can be filed. DO YOU ACCEPT ALL JUDGMENTS? No.  Each case is reviewed on a case-by-case basis. We are unable to accept medical judgments, and we usually do not accept small claims or unlawful detainers. WHAT DO YOU CHARGE? This depends on the size of the judgment as well as the facts surrounding each judgment. Normally your judgment is purchased for a percentage of the recovery. We would be glad to discuss this with you. WHAT IS YOUR RATE OF RECOVERY? The rate of recovery is not readily determinable because each case has its own peculiar problems, and no file is closed until collected. Thus a debt which remains uncollected today may be satisfied tomorrow. In general, however, our recovery rate is over twice the national average, and we have been successful in locating most of the debtors involved. Buying Judgments 101 Professionals - Attorneys, Doctors, Hospitals, Banks, Credit Companies, Small Claims Judgment Holders, Commercial Property Managers, Landlords, Contractors Q.  Does it matter what state the judgment is from?A.  We consider judgments from across the country won in any local, small claims, state or federal court jurisdiction.  If it is a court-ordered judgment in the United States, we will likely be able to assist you. Q. Is it legal to assign a judgment I have to someone else?A. Yes.  Judgments can be lawfully assigned. Any money recovered can be split with you on the terms outlined in the assignment agreement.  We will provide you with the necessary documents to accomplish this, and specifying the terms of the assignment.  We will also take the steps to file the appropriate paperwork with the court.  The party to which the judgment has been assigned has full rights to enforce the judgment.  Again, there is NO OBLIGATION if you submit your judgment to us for review, and NO COST to you for our efforts to collect the judgment if we agree to the assignment.Q. I won my judgment years ago.  How do I even know if it is still valid?Most allow that initial statue of limitations to be renewed.A. Let us evaluate the judgment and prospects for recovery.  States have different rules for how long a judgment remains in effect, typically ranging from 5 years to as long as 20 years.  Q. I think the debtor left the state.  Can something be done to enforce my judgment? A. Yes. A judgment obtained in one jurisdiction can usually be domesticated in another state and enforcement action taken.  Q. I think the debtor went bankrupt.  Is there anything I can do? A. Even in cases where the debtor has declared bankruptcy, there may be options available to recover a judgment.  Q. If I assign my judgment, is recovery guaranteed?A. There is no guarantee any individual judgment is recoverable.  Our pledge is to use all our resources to track down the debtor, identify any assets that can be seized, and take the necessary steps to recover the money as soon as possible.  Again, the only way we get paid is when you get paid.  One of the purposes of our initial evaluation is to determine if a judgment is unlikely to be recovered.  Even if we determine that to be the case, you will at least have that knowledge in deciding whether to expend any additional effort or resources yourself in pursuit of the debtor.Selling judgments

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