Comments Off on New Search Tools Are Changing the Face of Litigation

Not too long ago Judgments were difficult to collect if you didn’t have prior knowledge of assets. If you knew where the debtor worked or knew the debtor owned a house, great. Otherwise, you couldn’t expect much back for the time and money you would have to put into litigating.

Asset searches were expensive and, since time was what was paid for, the results were often disappointing. Private investigators were hired to follow somebody to their place of Employment. Sometimes it worked but more often the debtor worked a low paying job. You cannot garnish wages under $400 per week. No success but you still had to pay for the investigation.

Every time a business had to pay for a search it lost money. Since most Judgments never were collected, the business had to subtract expenses from all the bad Judgments against the profits of the good Judgments. Expenses could get very high and it would make suit a questionable action.

New technologies have changed all that. Now a list of all Judgments with all the details can easily be created on a spread sheet. Paid Judgments are easily removed and new Judgments are easily added.

The list is sent through a bulk search engine which looks for employment, bank accounts and hard assets such as houses.

Here is how the new search engines work. You can run the list frequently because there is only a charge if assets are located. In most cases a second search is unnecessary so you can take the Judgment off the list. One small charge and you are done.

Not many assets are found with each run, but the search is done frequently throughout the course of the judgment. Assets are located quickly once they are reported. The result is a low cost, relatively accurate asset search that will usually get the Judgment paid. The results produce better financial returns at very low cost. That is a good combination.

If you are sure you shouldn’t litigate because the debtor has terrible credit and the amount owed is small than don’t sue. Otherwise, the new search engines should find money at some point in the future. The odds have changed in your favor.

Since you already have the Judgment, all you need to do is deposit the check.

Understanding debt collection and background screening best practices can save your business big money. Building up front applicant screening into your business processes costs you very little, but saves you so much in the end. If you haven’t already, partner with a full service debt collection and applicant screening company to guide your business to a place of security and prosperity. Contact us to sign up for a free account and get started protecting your business today.


Executive Credit Management is a full-service Debt Collection and Applicant Screening agency with over 20 years experience located in Central New Jersey. We provide excellent service in the following areas: Employment Screening, Business Screening, and Tenant Screening. Executive Credit Management belongs to a number of Skip Tracing databases and offers services to help locate and confirm the current address of missing debtors. Other services provided are: litigation evaluation on all lawsuit decisions, improvement of the quality of the applicant data, Lawsuit Monitoring, Handling of Debtor Disputes. Executive Credit Management features the best Call Monitoring System in the Debt Collection industry.