Welcome to Gravity Debt Solutions (GDS), your trusted partner in navigating the complexities of debt resolution.
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Common Questions & Answers
For Plaintiffs:
What does Gravity Debt Solutions (GDS) do for plaintiffs?
Why should I sell my judgment to GDS instead of collecting it myself?
Selling your judgment to GDS offers you immediate payment and eliminates the risks of extended collection efforts, non-payment, or the debtor declaring bankruptcy. We handle all complexities so you can focus on moving forward.
How do I get an offer for my judgment?
Simply contact us with details about your judgment, and our team will evaluate it. We’ll provide a fair, transparent offer based on the potential for collection and the debtor’s financial situation.
What types of judgments does GDS purchase?
We purchase various types of judgments, including those involving real estate, business disputes, personal injury cases, contract breaches, and more. Contact us to see if your judgment qualifies.
What if my judgment is already several years old?
We consider judgments of all ages, depending on the circumstances and the potential for collection. Older judgments may still have value; reach out to us for a personalized evaluation.
What happens after I sell my judgment to GDS?
Once you accept our offer and sell your judgment, you will receive your payment promptly. GDS then takes full responsibility for all further collection efforts, so you have no additional obligations.
Will I need to pay any fees to sell my judgment?
No, there are no upfront fees for selling your judgment to GDS. We provide a transparent offer, and once you accept, the transaction is straightforward with no hidden costs.
How long does it take to receive payment after selling my judgment?
After you accept our offer, payment is typically processed quickly, often within a few business days, ensuring you get your money without delay.
What risks does GDS take on when purchasing a judgment?
We assume all risks associated with collecting the debt, including the possibility that the debtor may declare bankruptcy or be untraceable. This means you are protected from these uncertainties once the sale is complete.
How do I know if my judgment qualifies for purchase by GDS?
If you have a judgment, contact us with the details. Our team will review the information and let you know if it qualifies for a purchase offer, with no obligation on your part.
For Defendants:
How can Gravity Debt Solutions (GDS) help me if I have a judgment against me?
GDS can negotiate with creditors on your behalf to reduce the total amount owed, helping you settle your debt quickly and affordably, and avoid further legal action.
What is the benefit of working with GDS to resolve my judgment?
By working with us, you may be able to significantly reduce the amount you owe, avoid garnishments or liens, and improve your financial situation sooner rather than later.
Can GDS help me even if I’m struggling to make payments?
Yes, we understand the challenges of debt repayment. Our team will negotiate with creditors to reach a settlement that is manageable for your financial situation.
Will negotiating a settlement affect my credit score?
While any judgment can impact your credit score, settling a debt often has a less severe impact than continued defaults or additional legal actions. Our goal is to help you reach a settlement that minimizes damage to your credit.
How long does the negotiation process take?
The timeline varies, but we strive to negotiate and settle debts as quickly as possible, often within a few weeks to a few months, depending on the case complexity.
Do I have to pay GDS upfront for your services?
No, GDS does not charge upfront fees to represent you in negotiations. Our compensation is typically tied to the results we achieve, so you can focus on resolving your debt without additional financial pressure.
What if my creditor won’t negotiate?
Our team is experienced in negotiating even the most challenging cases. If a creditor is initially unwilling, we employ various strategies to encourage negotiation and find a solution.
Can GDS help if I’m already facing wage garnishment or a bank levy?
Yes, we can still work to negotiate with creditors even if enforcement actions like wage garnishments or bank levies are in place. Our goal is to reach a settlement that mitigates these actions.
What if I need time to gather funds for a settlement?
We understand that some clients need time to arrange funds. We work with you to create a feasible timeline for settlement that fits your financial situation.
How do I get started with GDS to resolve my judgment?
Getting started is simple. Contact us with your judgment details, and our team will evaluate your case and begin working on a plan to resolve your debt as quickly and efficiently as possible.