Being granted a judgment or lien is only half the battle in collecting what is owed to you. You also have to locate the debtor’s assets and apply the civil action to them to recoup money that is owed to you.
When the debtor has few if any assets or has successfully hidden them from you, you may worry that you will never collect on money that you are rightfully owed. Sell your judgement lien on real property and get cash for most of what you are owed and hand off the task of collecting on the debt to a company far more ready to handle it than you.
Pursuing a debt takes time and money you may not have. You have to file and pay court fees and then use even more money to find out what assets a debtor has and where those assets are hidden. The entire process could leave your bank account depleted and, you exhausted from the effort.
A company that promises We buy judgments may be able to offer you most or all of what you are owed up front in exchange for you selling the debt to it. The idea of being able to get most or all of what is coming to you may appeal to you significantly. You get money that you have been doing without for months or years. In turn, you hand over the trouble of collecting the debt to the new holder of it.
You can essentially move on with your life and focus on running your business or enjoying your family without worrying about the person who owes you money. The debt will no longer belong to you but instead to the company that gave you cash for it.
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