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Updated almost 7 years ago, 03/20/2018
Successful debt collectors?
I’m curious what people’s experiences are with debt collectors (from the point of view of collecting money owed to you). Let’s say you obtain a judgement against a former tenant of a few thousand dollars. Often it is very hard to collect on this judgment, so one option is to turn it over to a pro. What are the go-to companies for this? Do they tend to be local, regional, or national? Do they tend to buy the judgment outright ( for say, 10 cents on the dollar), or do they take the task on contingency? Or do they actually require upfront payment of some sort?