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Let us pause and think about court proceedings and trials. Just thinking about anything related to the court is giving you a headache, isn’t it? We all know how tedious and time-consuming the proceedings or trials can be. They can take months, even years, leading to your time, resources and energy being wasted. Besides this, your mental, psychological well-being is also under threat of seriously being hit. You would go through this all without any qualm just for a fair and just judgment. But often after delivering judgment, the court fails to ensure the proper enforcement of the judgment delivered by it. The hassle and trouble you would have to go through is in precise words a form of harassment.
But all is not lost still. You can still get cash for your judgment. Yes, you read correctly. You can find buyers for your judgment. Selling to these buyers will rid you of the trouble of having to run behind the offender to pay you the money that rightfully belongs to you. Your money can be recovered and will not go to waste. You just need to find the right buyer to sell the judgment delivered for your case who can get the cash for you.
Why you might have to sell your judgment for cash?
You have just won the court proceedings and the court judgment is in your favor. Your money, time and energy will not go in vain. You will finally get your due and the debtor will pay you back what you deserve. But do you think the debtor will pay you back that easily? You will have no idea when or how the debtor is going to pay you back. Collecting the judgment is not as easy as it seems. It is far more complicated than simply asking the debtor for cash. It will depend on numerous factors like:
- The debtor’s assets and their nature and
- The Financial position of the debtor.
To not make that court judgment a bittersweet victory, you can sell your judgment for cash.
You cannot lose the battle of getting your cashback halfway and the right judgement collection agency can help you in the selling of your judgment in the form of cash.
How to Sell Your Judgement for Cash?
The court is not going to collect your judgment for you. However, you are not alone. You can figure it out. Here are some ways you go about the process of selling your judgment for cash. The points are as follows:
- LOOK FOR COMPANIES
After you have exhausted all ways of making the debtor pay your judgment immediately and failed, you can begin with trying to sell your judgment for cash. For selling your judgment, you can start by looking for companies that are professional buyers for judgments. They have resources that allow them to collect resources for a person who has a judgment delivered in his or her favor but has had to wait for judgment collection. Their resources allow them to wait for the judgment while giving you your due. Of course, you might have to give them some payment in lieu of them working for you and you might get money immediately or in installments depending on the particular company.
Hence, the first step on your quest to sell your judgment for cash would be to search for companies that buy judgments for cash.
- COMPARE AND ASSESS
Selling your judgment to the first company that you might find is not the right way to go about selling your judgment. You have to find the best company to sell your judgment. For this, you can go to the website of the company. Look into their policies. If you contact them, assess their behavior and you will be able to analyze the way they will handle and operate. Check the reviews. Ask around. Take into consideration the opinion of people who have sold judgments to particular companies before.
Hence, after looking for companies to whom you can sell your judgments, you need to compare and analyze.
- ASK YOUR ATTORNEY
This is a continuation of the above-mentioned step. Your comparison and analysis of the best company can be further aided by taking into consideration a professional opinion. For instance, an attorney or to be more precise the attorney who fought for you in the court proceedings will be familiar with situations like this and will be able to suggest you better and accurate options. He will have expertise and experience.
Thus, to further your analysis, you must also keep in mind the opinion of the attorney who represented you in the court trial.
- CONTACT COMPANIES AND NEGOTIATING
The next step on the quest to sell your judgment is to contact companies. Do not just contact only one company just because you think it is the best. Contacting several companies will always be more fruitful than contacting just one company. You can take note of the prices quoted by various companies and use them as leverage against other companies while negotiating a price for your judgment. The amount that companies pay is subject to change and you can make this happen by quoting the price offered by other companies during the negotiation.
Hence, you can move the price in your favor by contacting various companies and negotiating.
- CHECK AND SIGN THE CONTRACT
Finally, after all is said and done, after you are happy with the price offered by the company and agree to all the conditions, then you can ask the company to take the final step and prepare the contract. Check the contract thoroughly and carefully. Make sure that it has all the conditions that you agreed to and there is no clause with respect to the buyer troubling you if the said buyer fails in collecting the judgment. Take legal opinions and get answers to all your questions before signing the contract. Once you are content with the contract, sign it and collect your payment.