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Purchasing Debts from Final Judgment Holders

Posted by Jack Lo on June 04, 2002 at 9:44 PM

Ward,

In purchasing debts from final judgment holders, what are your recommendations regarding:

- The method of initial contact (telephone or letter)
- The initial offer (e.g., 10 cents on the dollar)
- Whether the initial offer varies depending on whether the judgment holder is an individual or a corporation or whether it's a small claims judgment or circuit court
- The upper range for an offer
- Anything else you might suggest, including elaborating on the process?

Thanks!


JL


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