Judgment Recovery Frequently Asked Questions
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Will I have any out of pocket expenses in the enforcement of my judgment?
NO, We advance the cost of all expenses incurred in enforcing your judgment, including court fee's, attorney's fee's, Investigative fee's and service fee's. We get paid when we collect for you.
Why shouldn't I use an attorney to enforce my judgment?
NAM has their own attorney's who specialize in collections. Meaning to you that their is no additional costs whatsoever. Further, you have the benefit of the investigative expertise of NAMR Recovery who specialize in Missing Persons and Asset Locations. Otherwise, to hire your own attorney would cost hundreds of dollars per hour, plus, the costs of professional investigators, again, very costly with no guarantee of recovery. You will have no out of pocket expenses when placing your judgments with NAM, if we don't recover, we don't get paid
Is there a Statute of Limitations on executing my judgment?
Yes, and every state is different. In the State of Pennsylvania the limitations are set at twenty years, however, this must be renewed every five years
Is there any guarantee that you will be successful in recovering my judgment, and how long before I actually see results?
NO, sometimes there are simply no assets to seize and some people either are worthless or hide their assets in loopholes that make them untouchable. In these types of cases we will monitor these cases, we will renew these cases with the courts to the maximum amount of time by law and we will report this judgment to the major credit boroughs so the debtor will have problems when buying a house or a car. You can rest assured that we will do our best to recover your judgment, if we are unable to enforce your judgment - WE DO NOT GET PAID! This gives us a serious incentive to succeed!!
Can I recover interest on my unpaid judgment?
Usually, yes. Most judgments or states laws include a provision for the payment of interest from the day it was awarded. The actual interest rate varies from state to state, in Pennsylvania, this rate is set at 6%, when we enforce your judgment, we include the interest as well. The longer the debtor does not pay, the larger the value amount your judgment is worth.
Are there any limitations in time once I place my judgment with Pennsylvania Judgement Recovery that the case is deemed immediately unrecoverable and returned to me?
Yes, Twenty years from time of judgment award date. There are several reasons why NAM is unique and a industry leader. As mentioned previous, in the most difficult of cases, we will monitor the judgment if immediately non-recoverable, therefore, we will monitor and renew this judgment within the courts while bearing the cost of doing so. Second, we will continue to report this judgment to the credit reporting agencies for the maximum amount of time. So as long as the debtor fails to pay your judgment the debtor will have problems when trying to buy a house, a car, or may even be denied good employment as many employers now run pre-employment credit checks as a prerequisite for employment. Because of this, placement of your judgment with NAM is your highest guarantee that you will be paid on your judgment.
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