How Does the Judgment Industry Work?

The only thing worse than losing a judgment is winning one and not knowing what to do with it. Oftentimes, businesses don’t have the time to collect their judgments; other times, they simply don’t know how to collect it.

The cases of people having to go through great troubles over even the smallest of claims aren’t rare. For instance, Golrokh Amirpour Dolatshahi won a judgment in a small claims court. She was to be paid $25,000. She just couldn’t collect the money. You could be caught up in a similar case too—but not if you were clever about it and let the judgment industry do its work.

An eBay for Judgments

If the judgment industry were to be described simply, you could say it’s an eBay for judgments. You can sell to them any judgments you’ve won, and they’ll pay you in cash. But what do they do with these judgments? These aren’t, after all, precious metals that one can invest it. So, what do they do? Well, they do what most people can’t: they make the debtors pay.

Judgment Minnesota, for instance, buys judgments from creditors from around the country but who have debtors residing in Minnesota. Being locally placed gives us an easy way and a wider berth to extract the money that you’re owed. We have the legal knowledge and the expertise to carry out such a task, and our purchase of the judgment gives us the legal right to do so.

What’s in it for You?

You’re probably thinking why you shouldn’t just keep the judgment for yourself, and get it cashed for good. For one, it involves quite a lot of legal marathons that might not be everyone’s cup of tea. Additionally, the debtors have rights and there are many ways in which they can defer paying judgments. In the worst-case scenarios, debtors manage to intimidate their creditors and evade payment just like that.

While some creditors could wait for 10 years (that is the standard running time for a judgment) for a judgment to play out, most people can’t. Often, it’s for lost wages or personal damages that you need instant money for—and with the debtors playing tag with you, there’s only so much you can do.

Don’t Fall for the Debtor’s Delay

Cash in on your judgment right away if you’re afraid you won’t be able to make good on the judgment. Not only are you saved the legal hassle of it all, you also don’t have to spend time and energy trying to make a debtor pay you. All you need to do is sell the judgment to us and we’ll get the job done! Give us a call at 952-955-4922 or reach out to us here for more information.