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Judgment Enforcement – The Step-by-Step Course

However, in defense of “Method #1,” I really learned a lot that way (the

hard way). Lots of creditors called me, and I got tons of assignments right
away, and was on my way. So I can’t totally complain a lot about “Method
#1.” But if I had to do it over, I would definitely follow “Method #2.” Every
JE I’ve spoken to wishes they had been more careful in the beginning. They
spun their wheels and wasted time. But you decide for yourself which way you want to go

Point: Don’t be excited because you have a lot of judgments. Be excited because you have a
lot of GOOD judgments. A judgment is only as good as the debtor’s ability to pay it. If the
debtor has no car, no house, no job, it’s not a good judgment to take. Again, your job is to
screen the judgments to locate the assets. No asset? Don’t take the judgment. Ever!

Questions & Answers

Q. Okay, you mentioned doing more investigating the JD after taking

assignment. How does that work?

A. Let’s say you located a judgment, screened it using the professional databases that
I’ll tell you about, and it looks like a good judgment with assets, and now the creditor has

assigned it to you.

The judgment is in your name. And now it’s okay to pull a credit report. (I’ll show you
how to.) So, if you want, pull a credit report on the debtor to get a snapshot of the debtor’s
financial situation.

If the JD’s credit report is at least fair, and the database information still looks good, keep
the judgment and proceed with enforcing it.

But if the credit report is a disaster, with the debtor’s car being repossessed, banks turning
him down, and other things that may not have been on the databases, you can turn around
right then and mail the Acknowledgment of Assignment back to the creditor before filing
it with the court. No muss, no fuss, no hard feelings. Tell the creditor that you’ve
discovered that judgment isn’t doable right now, in your opinion. This does two things:

1) It saves you from having a bad judgment on your desk that wastes your time and
money.

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