Section: The amount of the judgment is relatively tiny, so it doesn’t make sense to waste time contacting all the creditors who hold a judgment against you. If the creditor has a phone number, this is fine. Call them and ask for their last name and address, then continue collecting the judgment from that creditor only by mail (see item #1).
Takeaway: Collect up to around $15k of your judgment in one form or another. From this point on, collect as little from creditors as possible until you’ve collected all your total debt.
Don’t worry too much about contacting all your creditors individually for now. If you have solid reasons for collecting from each creditor, by all means, do so. For example, if there is a required mortgage payment due or you’re expecting a large bill soon, send out a collection letter reminding them that they owe money and the due date. Then call up each of these creditors to ask if they have received anything yet or if they would like copies of your letters (this shows they are going through the mail correctly) and if not, remind them how important it is that they do pay their bills on time.
It’s best to get paid quickly to avoid interest charges on late payments. Unless there is a good reason not to forward everything along immediately – don’t hold off just because there are other smaller debts still out there which still need to be paid! You may find yourself stuck with fees that can be exorbitant at times unless you’re careful – In addition, plus-ups will often come back to haunt you regardless of whether or not they are fair or realistic…
If you find yourself holding on to collections letters longer than necessary (for example, since one gets lost in the mail), change this behavior immediately! The worst thing that can happen while waiting assuming
Get started right away.
The first thing to do is get started right away. You don’t have to wait for the other party to act or give them time to think about it. Don’t worry about what they’ll do or how they’ll react; get the paperwork done as soon as possible and move on with your life. If you’re worried that they might take legal action against you (and who wouldn’t be?), then don’t waste any more time worrying about it—it’s probably not worth stressing over something that could easily be avoided if only one person would do their job correctly!
Before you do anything else, write down a summary of the case.
Whether or not you’re successful in collecting on the judgment, you will be helping everyone affected by the decision to avoid the same mistake, which may lead to additional fees and your credit score negatively impacted.
Whether or not you’re successful in collecting on the judgment, you will be helping everyone affected by the decision to avoid the same mistake, which may lead to additional fees and your credit score negatively impacted.
You should consider yourself lucky if you have successfully collected on a New York judgment. Collecting on a New York judgment is complex and can often be costly. The best way to ensure that this doesn’t happen again is by following some simple steps:
Send a letter to the creditor collecting your judgment stating that you are organizing the review and will be doing so from this point forward.
Please forward a copy of this letter to the original creditor for their records.
Once you have sent the original creditor a copy of this letter, it’s time to start collecting on your judgment. The first thing that you need to do is send them a copy of this letter with your payment for the debt. This can be done by writing “Forwarded: Received on X date YYYY” in the space provided above, where X represents their current address, and YYYY represents when they received it (for example, if they received it on March 1st, 2019, then write “March 1st, 2019). Make sure that all information is correct before sending off these documents!
You should also include an acknowledgment from yourself and proof that someone else has signed off on receiving payment for your debt (such as an original bill). These are just two steps but will help show good faith towards creditors who may still owe money after getting paid back by another party; however, don’t worry too much about making mistakes because once everything has been sent out, there shouldn’t be any problems getting paid again!
In a friendly tone, send them an email stating that you are collecting on the judgment and will be doing so from this point forward.
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