Landlord Debt Collection

Are all files reported to the credit bureaus?

Unless otherwise requested, all debtors are reported to Experian, Equifax and TransUnion. Additionally, we are the only landlord collection agency that contributes debtor information to the Delinquent Tenant Cooperative. This combined effort significantly impacts the debtor's credit and ability to obtain credit or rent elsewhere

How long does it take to collect from the average debtor?

A very fast collection is about six months. Our average collection time is approximately eighteen months and many files can take several years. Frequently, someone who has recently been evicted may be unemployed and have no assets. Consequently, we must wait for them to get back on their financial feet and begin to earn a living. Since we never close an unpaid file, we are continually searching for new assets and monitoring the debtor for any changes in his financial life.

Are older judgments too hard to collect?

No. In fact, many times an older judgment is easier to collect than a new one. Very often, a debtor has forgotten about an old judgment and hopes you have too. They have gone ahead and opened bank accounts, acquired real estate and other assets. In most states these assets can be levied or repossessed. Additionally, debtors that had financial problems when they were involved in the lawsuit may have repaired their financial lives several years later.

What if I don't have a judgment?

Although the likelihood of a successful collection is not quite as strong with a "skip" or non-adjudicated debt, we encourage you to place them with us. They will still be reported to the major credit bureaus and the Delinquent Tenant Cooperative while we pursue the collection as aggressively as the law allows.