My name is Jim McHale and I operate a full service judgment arbitration firm in Central Pennsylvania. I am the former owner of a judgment enforcement firm and converted the business to judgment arbitration. Subsequently, my revenues have skyrocketed!
With todays economy and distressing lack of job security, many people are searching for a way to work for themselves. Owning and controlling one's own business offers numerous benefits: enormous tax advantages, personal satisfacton, freedom and control are just to name a few. Working for yourself is the best way to ensure personal satisfaction and economic security. My course will instruct you in all aspects of judgment arbitration.
The work involved make it perfect for the entrepreneuer and those desiring work from home. Judgment enforcement is a business where you try to get plaintiffs to agree to allow you to collect their awarded judgment on a contingency basis.
This is where the plaintiff agrees to pay a percentage of the amount collected as your fee.
Judgment Amount: $4000.00
Fee Percentage: 45%
Fee: $1800.00
Pretty nice profit for having to send out a couple of letters and make a couple of phone calls isn't it? And if you do this several times a month, you're going to have a substantial income. It all pretty good on paper and it seems like a wonderful opportunity except for several key factors.
Most defendants are judgment proof and they know it. They know that they don't have to pay and there a darn thing you are going to about it! They have no assets to encumber so get in line. Even if you develop a dialog with them, they will not be able to pay in full because they have no motivation to do so. So you end up taking small payments and following up on the subsequent broken promises that are inevitable. Can you make money by overcoming these factors?
Yes, if you are highly skilled in negotiation and are able to circumvent the Fair Debt Collections Practices Act that virtually renders it impossible to collect debts without violating the law. And if you break the law, you are subject to fines up to $500,000 in a class action lawsuit!
The bottom line is you can and make as many threatening letters and make as many phone calls as you want, if they aren't going to pay, then your stuck. I never really understood this concept. It has been my experience that you can collect a judgment through negotiation skills, combined with the power of persuasion. You can shuffle as many papers as you wish in terms of processing a judgment, but it all comes down one issue.
This is the final step in the process. And they better have assets because if they don't you're going to have a sheriff sale "that resembles a garage sale." You will have old coffee makers and "kansas" albums. It’s useless! Now let’s investigate the newest opportunity to earn huge profits with unpaid judgments. Judgment arbitration takes an approach that circumvents the entire process by approaching the bad guy first.
The defendant. As opposed to trying to get the plaintiff to allow you to collect his judgment, you will approach the defendant and make him an "Offer He Can't Refuse." Through my years of experience in judgment enforcement I have come to the educated conclusion that defendants pay only if they are presented with certain criteria, specifically two points.
My manual will teach you how to effectively come in the backdoor and offer a settlement to the defendant. You will be essentially the peacemaker, the middleman, ostensibly the arbitrator. You are going to be the one that ultimateley make the harassment cease! I will show how to use techniques that will virtually guarantee that the defendant will come with the settlement because the only thing that motivates a judgment defendant is to stop harassment.
