Professional judgment collector

[DYLAN150]

I was reading the ad of a so called professional "judgment collector" in California. He charges 50% of the judgment. When talking about collecting, he says people always have something of value you can take. For example, he says " they may have a pedegree dog you can take. Just thinking it would be a cold day in hell before someone got my dog. He also goes on to say there are ways to bother people until they pay or file for bankruptcy. Interesting.......

[IamOld]

Well I tell you what - I expect he'll wind up in the wrong neighborhood one day...

[nokia123]

Agree

[shark66]

Well I tell you what - I expect he'll wind up in the wrong neighborhood one day...

Exactly.

Somewhere where people hold their 2nd Amendment rights dear and the courts/law enforcement are not creditor friendly by default... ...come to think of it, this describes my neck of the woods pretty well...

As for his fee being 50% of the judgment...ha...my wife was offered a 50% settlement on a debt that has a judgment attached to it a couple of months ago..because the law firm in question knows that they have a better chance of surviving a lightning strike than collecting one red cent from her...

Good luck to us all.

[chrisdfw]

I would never get involved with someone who wants to take someone's dog.

He obviously is overselling his service... but what he said is correct, they can harass the debtor until they file for bankruptcy. What good does that do if you want to collect your money?

[DYLAN150]

Christdfw: I put this guy in the same boat as some bank or collection out fit that would call someone 20 times a day!

[IamOld]

Guys, everyone here is right! Not to belabor my own story, but my glorious lender (the one who is suing) I actually asked them - are you forcing people into bankruptcy? Is that what YOU want so that you can write this whole book of business off?? Wouldn't you rather have your 300/mo at 25% interest forever?? I actually asked their "executive customer service" (nasty woman at an 800#) - do you WANT me to file bankruptcy? Tell me, how would that make sense to you? Reply: :"Sir if that's what you want to do, that's your choice." So I asked: "is that what YOU and HQ (halfway around the world) wants me to do? Please tell me."

She said: "Sir, that's not for me to say."

You know I wonder...there is a radio/talk show host that takes on issues for working people - if my bankruptcy atty somehow can't file before the end of next month, I'm going to contact this person...I find it that when the media contacts banks, things all of a sudden happen differently...maybe I should have done this before...oh well...

As always, thanks to all for listening!!!!

[kornellred]

If you hold a money judgment against a debtor, you can obtain a writ of garnishment, and take the debtor's money against their will, if the debtor is employed and wage garnishment is allowed. You can levy a debtor's bank accounts, but most debtors in serious trouble do not keep much money in the bank. Liens automatically go on houses, real estate, and expensive toys like RV's and boats.
But if you start looking at going after a debtor's personal property, you have to get the civil court and the sheriff's department involved. That means you are desperate. You are in the wrong business.

[shark66]

I suspect that this guy has a lot of personal debt along with a HUGE life insurance policy and is begging for someone to blow his brains out when he comes to pick up the debtor's pedigreed malamute....

Good luck to us all.

[AngelinaCatHub]

I've told my horror story before. A Judgment is an evil thing. However, my story: Mom died, ex jerk orf stole the Title of her property that was in her divorce decree. We sued him and his new girlfriend, my Mothers age, he's 3 years younger than I and you might call him a gigolo . So, I won the case of course in small claims. Although it cost me more, I only claimed $1200. I levied on her car (I sued them both) and got a writ of attachment, and took the car. She almost got arrested resisting the sheriff and the roll back.

I was the only bidder on the car, so I purchased it for the minimum. The car after expenses cost my $700, was worth $6500, and only settled $8 dollars of the Judgment. I was told I could go back and do it again, and again, but, I got my pound of flesh and just let it go. We drove "Trophy" for four years.

Don't get a Judgment. 'Hub

[shark66]

Don't get a Judgment. 'Hub

And if you can't avoid getting one, find ways to make yourself collection proof...

Good luck to us all.

[SunshineGal]

I agree the attorney sounds like a jerk, but I would think when he says he can take a purebred dog, he doesn't mean your pet, he's talking about a champion showdog that has an actual value...which, by the way, a trustee may also be interested in if you can't exempt it.

[IamOld]

And if you can't avoid getting one, find ways to make yourself collection proof...

Good luck to us all.

Any suggestions PLEASE!!!!??? besides no money in bank account??? If one has a job...that's pretty much it isn't it...

[IamOld]

I agree the attorney sounds like a jerk, but I would think when he says he can take a purebred dog, he doesn't mean your pet, he's talking about a champion showdog that has an actual value...which, by the way, a trustee may also be interested in if you can't exempt it.

You know I guess what interests me in this is how this fellow sleeps at night...there are some things that are wrong, and I like to think that there is some power in the universe that ultimately sorts this out...but then I also think hope is a foolish emotion. :-(

[catleg]

Any suggestions PLEASE!!!!??? besides no money in bank account??? If one has a job...that's pretty much it isn't it...

Depends on what state you live in. Some states do not allow wage garnishment (texas and pennsylvania for starters). In other states, a wage garnishment order is good for only one paycheck, or a limited time (oregon, new hampshire). Worst case you increase you income tax withholding as much as you can bear to reduce the maximum allowed 25% after tax rake.
Oh, the other strategy, is get a judgment against yourself from a "friendly" creditor,and have them get in line first. This leaves nothing for any other judgments to collect on.