Once we are awarded a judgment, if the Defendant does not voluntarily agree to pay the debt (in full or in installments), then the real work begins. In order to collect, we must first determine if we can locate any of the Defendant’s assets or, in the case of an individual, locate the person’s place of employment. At this stage we often contact our clients and ask the client what information they have retained about the Defendant. Those companies and individuals that kept the best business records have the best chance of recovery. Taking the time to have the customer complete a credit application may make all the difference in the world in whether you ever recover any money. Keeping detailed records on any payments made to you by the Defendant will greatly assist our recovery efforts. Any information that any employees can remember about the Defendant, such as their address, place of employment, spouse’s name, clubs that the Defendant may belong to, the Defendant’s church, the Defendant’s vehicles, whether the Defendant spoke of any boats, jet ski’s, RV trips, and more may be the difference in collecting the money due and collecting nothing.

If you are a credit grantor and you have any questions about credit applications and business records, please contact the firm for further assistance. In the past we have revised credit applications for customers to improve the customer’s chances of getting paid.