: How will you locate the debtor?
A: We have the ability to pull a consumer credit report on the debtor, and often all of the necessary information required to locate the debtor and their assets will be contained there. If not, then I can access public records to attempt to locate them.
Q: What kind of assets can you seize?
A: We can seize bank accounts, garnish wages, and place liens on personal property. I can even seize a debtor's rental deposit.
Q: What are your fees for this service?
A: Our fees are based solely on a contingency basis. Nothing will ever come out of your pocket. We pay for all the skip tracing and filing fees up front, then deduct them from any amount collected before taking our percentage.
Q: What if you can't find any assets belonging to the debtor?
A: If there are no assets available, I can attempt to contact the debtor and negotiate a monthly payment. If that doesn't work, we will check on the debtor again after six months or so and see if their situation has improved.
Q: How does it work?
A: We will send you a form to sign called an "Acknowledgement of Assignment". This will allow us to collect the judgment on your behalf. This form will be filed in the case file at the court house. You will also recieve a copy of our fee agreement.
Once these documents are completed, I will locate the debtor and their assets and initiate the garnishment procedures necessary to seize those assets. When funds are received from the levying procedure, we will issue a check to you less our commission and fees incurred.
Q: How long will it take?
A: No two cases are the same, but typically it takes about 60-90 days.
Q: How are you compensated for the work we do?
A: Our fee is 50% of any money we recover during the time the judgment is assigned to us.