The Comprehensive Guide to Selling a Judgment
If you think that once you’ve won a judgment, you’ll have it all nice and smooth, you’re in for a bit of rough disillusionment. Here’s the newsflash: it doesn’t. Making debtors pay can be a tardy business, no matter how small the amount you might have been awarded by the judge. Very few, if any, debtors pay you out of their own will. Most opt for the easy way out: they evade, elude, and straight away try and escape your concern. Eventually, they’re hoping that the 10-year mark would come on and you’d lose the leeway you have over them. Why Hoping for Negative Credit Won’t Help You Of course, you might think that the judgment will show up on the debtor’s credit reports, and that that might cause problems for them. After all, negative FICO scores are bad for employment, social repute, loan applications, business, and so much more, right? Right, but they’re easy to take care of. All your debtor has to do is reach out to a credit repair firm (and those are avai...