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Companies Have No Incentive to Locate Property Owners of Their Refunds!

 

Most companies in possession of unclaimed property have no particular reason or incentive to attempt to locate missing owners entitled to a refund or property. Major Paperwork, LLC actively and continuously finding owners and heirs of lost and forgotten assets.

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

How to Find the Right Judgement Collector: 5 Things You Must Consider

 

1. CREDIBILITY

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..

2. CONNECTIONS

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.

3. COMMUNICATION

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.

4. CONTRACT TERMS

It is important to have a fair and legally viable contract with your judgement collection agency. All costs and fees must be outlined in this document. It is normal for an agency to hold back on an initial timeframe for the recovery, because it is usually not possible to make a decision right away. The agency will likely need to start the project before they can determine how long it will take to locate and enforce payment from a debtor.

5. CHARGES and FEES

The most reliable judgement collection agencies do not charge a fee on top of the sum that is recovered. So, you won’t have to pay the agency any extra; they will take the fee from the original outstanding payment (once recovered). The terms of this arrangement are variable, each court judgment is different.

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