Unclaimed property (sometimes referred to as abandoned) refers to accounts in financial institutions and companies that have had no activity generated or contact with the owner for one year or a longer period. Common forms of unclaimed property include savings or checking accounts, stocks, uncashed dividends or payroll checks, refunds, traveler's checks, trust distributions, unredeemed money orders or gift certificates (in some states), insurance payments or refunds and life insurance policies, annuities, certificates of deposit, customer over payments, utility security deposits, mineral royalty payments, and contents of safe deposit boxes
The first thing to look for is credibility. Make sure that any judgement collector you work with has a permanent office and a company phone number. It can sometimes be useful to ask friends and relatives for recommendations, particularly if they have dealt with judgement collection in the past. They may be able to pass on the name of a top quality company. Once you find the right company, ask for information about past cases and successes. Look for online reviews from others that have used their services such as Yelp and Better Business Bureau..
You need a judgement collection service that has access to a broad range of resources. From private detectives to lawyers, local leaders, and financial experts; the more connections your agency has, the faster it will be able to track down your debtor and the lost payments. It is common for people in large amounts of debt to leave the state, so the help of a resourceful network can be invaluable.
2 Comments
Good post.
Thank you