Showing posts with label judgment recovery business. Show all posts
Showing posts with label judgment recovery business. Show all posts

Saturday, October 26, 2013

Wednesday, June 13, 2012

So, what are you waiting for???

If you have ever wondered if this is the right time 
to get into the judgment recovery business, 
well......read on....

In just the State of California alone, 
there is about $7.5 billion in court-ordered debt waiting to be collected. 


Monday, January 30, 2012

Happy Hour registration is now open


HAPPY HOUR 
Registration is now open

It's Free
It only happens once a month
First Tuesday of each month
5:00-6:00 pm PST

2012 Line-Up

February - Office Organization Tips
March - Tax Tips for the Self-Employed
April - Freebies
May - Shoestring Marketing
June - Business Mistakes
July - The Right Stuff - Online Databases
August - Preliminary Assessment
September - 10 Ways to Collect
October - Getting Them to Pay!
November - Finding Business Assets

For more information & to register today



Wednesday, March 23, 2011

Our Perfect Storm Has Come

RIGHT NOW is the PERFECT TIME to Become a Judgment Recovery Professional

The judgment recovery profession is being scrutinized by growing numbers of entrepreneurs looking to establish a lucrative and highly rewarding business.  Collection and recovery businesses are starting up every day.  There are four main reasons for the amazing growth the judgment recovery industry is experiencing.

1.     Courts are being flooded with new civil lawsuits.
2.     The working population is not quitting and/or changing jobs at this time.
3.     Consumers are becoming educated and informed about having good credit.
4.     Judgment debtors are NOT quitting their jobs because of wage garnishments.

Each reason will be examined more closely.


Civil Lawsuits Increasing in State Courts
State courts are where approximately 95 percent of all litigation in the United States takes place.  The National Center for State Courts (NCSC) reports 106 million cases filed in 2008.  Prior figures from the last reporting date of 1999 were 12 percent lower.  Cases are on the rise and especially civil litigation.  The poor economy has caused civil cases to increase 29 percent from 1999 to 2008 to a whopping 1.3 million cases. 
The implications for the judgment recovery industry are obvious.  Inventory which equates to real dollars is skyrocketing upwards.  The well is spilling over instead of drying out.  If there is one leading indicator of when to get into the judgment recovery business, then this is it.

Working Population More Stable Than Ever
A recent Gallup poll estimates that unemployment in the United States is at 10.3 percent.  Many other estimates place unemployment slightly below or above the 10 percent mark.  These figures are alarming, especially for those people unfortunate enough to find themselves in the ranks of the unemployed, but are not the important news for judgment recovery professionals.
The population still at work is fighting hard to maintain the status of their jobs.  The key status is currently employed.  Research indicates that the working population is not quitting their jobs at this time.  Trending, also, reveals that employed persons are changing jobs less frequently than in years past.  Working individuals have money to pay their judgments, or at the very least, provide the opportunity for wage garnishment to recover judgments.

Consumer Education on Good Credit Grows
The necessity for obtaining a good credit status has always been around.  Consumers of say ten years ago largely had vague ideas about the importance of maintaining a good credit history.  In today’s world, consumers have been educated to the point of bombardment about the pitfalls of allowing credit status to deteriorate or be destroyed.  If you don’t think consumers are using their knowledge to improve their credit score, do a quick search to see how many “credit repair” companies you can find.
Consumer concern about their credit status is a strong leverage point in the judgment recovery industry.  Judgments are derogatory items on a credit report that can affect a person’s ability to get a loan.  With the housing market now turning to a buyer’s market, getting credit into good standing is imperative.  Clearing any outstanding judgment is a positive step so a good judgment recovery business can even be seen as a helpful entity to consumers.

Judgment Debtors Not Quitting Jobs because of Wage Garnishment
Wage garnishment is never pleasant for any judgment debtor that has to experience it.  However, because there is not a plethora of jobs out there, they just cannot afford to quit their jobs if wage garnishment occurs.  This is a vastly different scenario than when jobs were plentiful and it was easy to hop from job to job.
Wage garnishment is an effective tool that can be utilized in the judgment recovery industry to insure a steady cash flow.  Judgment recovery professionals can be assured now more than ever that money will be available to recover judgments. 
Before you jump into the business, you should obtain all the knowledge and skills that you can.  You should seek out good solid training and education.  The Judgment Recovery Institute is a perfect source to help you further your knowledge and professionalism. Nothing is stopping you from earning while you are learning.  Grab the opportunity to learn fast, to learn well, and to begin earning now.  There is only one thing left to say about the judgment recovery industry.

Our Perfect Storm Has Come - Now is the perfect time to be in this business.

Saturday, March 12, 2011

Petra Alluis of JRInstitute.com is recognized as "Expert Author" by Ezinearticles.com

CEO and Founder of the Judgment Recovery Institute receives writing honor.  Showing commitment to sharing knowledge and education is a key to success.  Ms. Alluis proudly affirms commitment to professional community as well as to the students of the Judgment Recovery Institute.
Ezinearticles.com allows writers an opportunity to provide educational, valuable, and inspiring information to their readers.  Ezinearticles.com uses a well-qualified staff to ensure only the best and most valuable content receives final approval for publication on their site.
“It is because of their strict guidelines that I am truly honored to be named an ‘expert author’ by them,” said Petra Alluis, Founder and CEO of the Judgment Recovery Institute.
Petra Alluis has been passionately active in the Judgment Recovery / Debt Buying business since 1993.  She has been sharing her expertise for years by:   creating one of the largest web-based support groups; and, allowing continuing assistance to hundreds of Judgment Recovery professionals throughout the United States in the development, growth, and education of the Judgment Recovery business.  She is a professional speaker who has written several online articles and continues to embrace the opportunity to educate others. 
Lisa Richards, Media Coordinator with the Judgment Recovery Institute says, “We are very proud of Petra and her accomplishments.  We thank Ezinearticles for recognizing and rewarding her as an ‘expert author’.”

Tuesday, March 1, 2011

Earn While You Learn

Bad debt in the United States has surpassed two (2) trillion dollars by many estimates. Even more startling news is that bad debt is accruing at seventy (70) billion dollars per year. There are vast amounts of money to be recovered in the judgment recovery business if you are willing to invest your time, hard work, and some of your money.

Judgment recovery and the purchasing of bad debt as a process is not brain surgery. You will purchase bad debt normally at four (4) cents to ten (10) cents on the dollar. At that point the debt is yours to collect. If you have purchased bad debt wisely, and work your business effectively and efficiently, you can possibly earn on average around twenty (20) cents on every dollar of bad debt purchased. The profit margin then is between one hundred and fifty (150) and two hundred (200) percent. If this realistic monetary gain does not give you a giant impetus to jump into the industry, then probably nothing ever will.

To be successful in the judgment recovery industry, you will want to obtain some very important skills. You will not want to go out and indiscriminately purchase bad debts without analysis. Being able to discern what debts to purchase and what debts to stay away from will take more than luck or intuition. Good debt buying practices are skills that have to be learned over time. The Judgment Recovery Institute can provide excellent training and knowledge that you will need to successfully purchase the “right” kind of bad debts.

The best news is the fact that you will NOT have to wait until you have learned everything there is to know before you start your business. You can begin studying with the Judgment Recovery Institute while you begin to work your business. If you need answers to questions that you have not covered and learned, you can contact an advisor to get the information you need. Perhaps you didn’t quite understand a lesson that you have previously covered. You can again get that missing information clarified in real time.

There is nothing wrong with starting out small so some of the trial and error is not as costly early on in the business. As you learn more you will no doubt earn more money. Earning while learning sure beats investing a chunk of money to “know it all” before you begin and then find out there are hundreds of things you need more information on to be successful. Don’t get stuck with a whole lot of questions not found in a book, manual, or system that you have been sold. Stick with experts who can guide you. Get a network of professionals to help you. The business you build will be your own, but the network access you obtain through the Judgment Recovery Institute will be an invaluable resource to you well worth the cost of tuition. You will not start out an industry “expert,” but you have the chance to eventually become an industry “leader.”