The Top 18 Frequently Asked Questions About Lance Shapiro Esq., How To Make A Fortune Processing Judicial Judgments 2.0. and The Home Based Judgment Recovery Industry.


 
 
 
 
 
 
 
 
 
Melissa: What fee should a judgment recovery specialist charge to process a judgments?

Lance:
Typically you charge a 50% of the money you collect. Sometimes more. Sometimes slightly less. Although your fee is negotiable, I rarely take assignment of a judgment for less than 50% of what I can collect.

The reason being is that there are just too many collectible judgments available to sell my company and or myself short.

I recall several years ago I took assignment on a rather substantial deal (15K).

I was attempting to establish my company with a creditor that I knew could provide me with a steady stream of collectible judgments.

Therefore,  to establish my company with them I charged a fee of just 43%.

The good news is that I collected the judgment in full, with a single bank levy. The client was ecstatic and I'm still collecting judgments for them today.

The bad news is that I lost a very substantial amount of revenue. The bottom line and moral of the story is simple. Never sell yourself short. You are in business to make money... Period!

In my training system I have included several rebuttals that we use that will often close the deal.

If you've ever seen the movie "Glengarry Glen Ross" you know what I mean... Always Be Closing... That is if the deal is right.