South Carolina Collection Agency

Using an International Debt Collections Firm to Collect on Your Judgment

Following being awarded a judgment, some creditors lose heart when they uncover winning was just the beginning of the debt collection method. In reality, national statistics indicate practically 85% of awarded suits are never collected.

Why?

Although the judge ruled in the plaintiff's favor, the court does not collect the settlement for the plaintiff. Unless the defendant whips out a stack of greenbacks to pay on the spot, the plaintiff could find themselves facing an even more arduous route in collecting on the judgment.

Utilizing an international collection agency for collection becomes an appealing alternative for those who are not fairly sure how to collect on their judgment.

Collection Options - Garnishment/Seizure/Lien

If the debtor neglects to pay within the time frame specified by the judge, (typically 30 days) a creditor should then file notice with the court that payment has not been created. Once this is registered with the court, the creditor might then seek to collect on the judgment by means of the method of account and/or wage garnishment(s), personal assets seizure or lien.

In order to pursue any of these possibilities, the creditor need to very first have data regarding where the debtor lives, works and banks (for garnishments), what assets they possess (for seizures or liens) and if any of the assets are exempt from becoming seized for debt payment.

When Debtor Skips Town

Whilst there are several online resources accessible to the individual to perform skip-tracing activities, several are only price successful when utilized by a business specializing in locating individuals and their assets. If the debtor has moved to another state from where judgment was obtained, an international collection agency can help not only in locating the debtor, but also in handling all seizure/garnishment proceedings according to local civil processes.

Identifying Non-Exempt Assets

Although this might sound basic, the procedure to initial identify assets, ascertain if they are in fact owned by the debtor (many chronic debtors are masters at concealing assets) and then following the legal processes essential to seize or location a lien against the assets can quickly turn out to be overwhelming. Several assets are protected from becoming seized - an international collection agency will know what the seizure laws are for the jurisdiction in which the collection is to take place.

The agency is also equipped to file all needed paperwork with the appropriate judicial program to commence the lien, seizure or garnishment procedure, and make sure notices are served upon the debtor and their employer or bank. They can also deal with all communications with local law enforcement when asset seizure needs the physical seizure be performed by a court appointee (usually the local sheriff's office).

Every step of the garnishment/asset seizure processes needs additional court filing fees and method service fees. These fees may possibly be added to the judgement, but are still upfront costs incurred by the creditor until the debt is satisfied.

When utilizing an international collection agency, small or no upfront expenses are needed - numerous only obtain their fee when collection is created.

We recommend letting a professional National Collection Agency handle your outstanding debts for the most effective and efficient no-upfront cost way to collect on monies owed to you.

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