Frequently asked questions
What is NJIC?
National Judgment Investment Corp., is a national debt recovery firm. NJIC collects monies due commercial creditors who are owed by commercial debtors. Unlike "traditional collection agencies", NJIC uses experienced collectors who are collection attorneys, paralegals and trained business professionals. Based upon NJIC's extensive lawyer network, NJIC can pursue debtors anywhere in the world. This allows NJIC to handle a creditor's claim from initial placement through post judgment recovery.
What are NJIC's Fees?
NJIC's fees on straight collections are always contingent upon the recovery of any monies. If no recovery is made then there is no fee due NJIC. NJIC's straight collection fees are listed in the Fee section of this site and range from 20% to 45% depending upon the dollar amount of the claim. If litigation is required, NJIC's contingency fees are typically 35% of the amount of the recovery. Depending on the nature, age and/or size of the claim, in some situations, there may be charged a non-contingent suit fee to place the claim into litigation. This charge will only be imposed if approved by the client and NJIC.
How Do I Place a Claim for Recovery with NJIC?
There are several ways in which a creditor can place a claim for recovery with NJIC. First, a creditor can place a claim with NJIC by submitting the claim through the NJIC website by following the provided form. Second, if a creditor is unsure as to submitting a claim online, he has the choice to contact NJIC directly by either telefaxing, emailing or through the US Postal Service. If you need to speak with us, our telephone number is 215-646-9520.
Do I Need to Sign a Contract When Placing a Claim with NJIC?
NJIC does not require contracts to be signed when placing a claim for recovery. The terms of NJIC's representation of the creditor is contained in our Fee section. For those clients who wish to have a debt recovery services contract, NJIC will draft the contract to be approved by all parties.
What if I already have a Judgment and Require Judgment Execution services?
One of NJIC's specialties is locating assets of judgment debtors and attaching those assets in order to satisfy money judgments. If you have an existing judgment which has yet to be recovered, simply click on the claim request and complete the information requested. One of our customer service representatives will follow up with you shortly to further discuss the matter with you and negotiate a fee arrangement with you. If a creditor is unsure as to submitting a claim online, he has the choice to contact NJIC directly by either telefaxing, emailing or through the US Postal Service. If you need to speak with us, our telephone number is 215-646-9520.