Tampa, FL
Despite the pending stimulus package, economic analysts still warn of a potential 3+ million more jobs lost in 2009. Others predict we won’t see a change in the job market until 2013. Now that’s worrisome.
As one who speaks to and consults with individuals at every financial status level, I hear over and over again, “what do we do now?” Well, that’s a good question. And a valid one. My response across the board is to change your response to the situation. With that said, I return their question with mine… “The entire country is in debt; shouldn’t you be in the debt business?”
I am in the debt business, judgment recovery to be specific, and I am doing quite well. In fact, the debt collecting business is a booming industry, a far cry from when I created the judgment recovery industry over 20 years ago. Nowadays, there are over 5000 debt collection agencies, half of which “specialize” in judgment recovery. Twenty years ago, the average consumer didn’t even know what a judgment was.
So, what is a judgment? Judgments are simply court orders, when one party wins a lawsuit against another they are awarded a Judgment, that judgment could order the loser of the suit to do many things, but most frequently it orders the loser of the suit to pay money to the winner of the suit.
• More then 80% of Judgments are never satisfied (collected).
• There is a new judgment in this country every 1.5 seconds.
• Judgments can be sold, assigned or transferred to other entities.
Owners of judgments have powerful tools at their disposal to enforce the recovery of the monies they are owed. The secret to success and making a lot of money in this industry is being able to locate the assets of the debtor. That’s where I come in. While conducting assets investigations for the Trammel Crow Company back in the 80’s I discovered the courthouses were full of these uncollected judgments. After learning he majority were never recovered due to lack of knowledge and skill required to find the debtor’s assets, I wrote the very first business opportunity course on the subject (1989). It has served me well as I have been teaching, mentoring and speaking to large groups on the topic ever since.
So, I offer the same answer to your “what do we do now?” question. Change your response to your financial situation. “The entire country is in debt; shouldn’t you be in the debt business?”
Mr. Schweitzer is a graduate of the Department of Treasury-IRS Financial Investigative School. He has addressed the US congress as an expert on asset investigations. Additionally, Al was an expert consultant to the Federal Trade Commission on identity theft as well as an expert consultant for US Customs Internal Affairs. Al is a renowned Judgment Recovery Expert/Legendary Private Investigator/Entrepreneur/Speaker/Author
