Because there are two or three software packages on the market for judgment recovery professionals it is important to understand the difference between them. The purpose of such a program is to easily track the progress of your cases, automatically compute post-judgment interest, correctly handle partial payments, produce documents, alert you to deadlines, etc. Such a program should also be capable of handling judgments awarded in all states. A program capable of handling judments in all states is very complex for a number of reasons:

Post-judgment interest in some states, such as California, is easy to calculate. California post-judgment interest is simple interest calculated at a fixed rate. On the other hand, post-judgment interest in states like Michigan is more complex. In Michigan the interest rate changes every six months and is compounded. In some jurisdictions, such as the District of Columbia, the post-judgment interest rate not only changes but is tied to some arcane standard. The post-judgment interest rate in the District of Columbia is 70% of the amount charged by the Internal Revenue Service for the underpayment of taxes.

Partial payments further complicate the process of correctly computing post-judgment interest. The law requires that when a partial payment is receieved, the amount of the payment must first be applied to accumulated interest and any balance applied to the principal, which changes the basis for future calculations. You can see how complex the calculations must be for states with a changing interest rate that must be compounded and the basis adjusted each time a partial payment is received.

The NJN Judgment Enforcement Database is the only program capable of correctly computing such values regardless of the state in which the judgment was awarded. Some programs were not specifically written for the business of judgment recovery. Some are not "stand-alone" programs, meaning that you must have MS-Access or some other program installed on your computer in order to use them. Still, other programs found on the market are state-specific, meaning they were created to handle judgments awarded in a single state. Most are incapable of computing post-judgment interest once a payment has been received. These programs sell from between $120 to $450.

The NJN Judgment Enforcement Database:

> is a "stand-alone" program;
> features over 240 fields for data entry, including 18 user-definable fields;
> correctly computes post-judgment interest and judgment value for all states;
> does not require you to enter interest rates;
> correctly handles partial-payments received;
> produces judgment recovery related reports, documents and letters;
> allows you create your own documents and automatically merges data from the database;
> does not require that you own MS-Word - works with most popular word processors;
> automatically alerts you to deadlines, such as judgment renewal dates;
> searches and sorts records based on your criteria;
> provides you with the ability to "hide" records for cases that have been satisfied;
> allows you to "link" important files and documents to each record;
> links to online statutes for all states;
> is capable of importing and exporting records to other applications;
> is fully compatible with NJN's online version of the NJN Judgment Enforcement Database;
> is constantly being improved based on suggestions from our members;
> automatically installs the latest revision with the click of a button;
> and, all updates and revisions are free for life!

Best of all -- the NJN Judgment Enforcement Database is FREE with membership in National Judgment Network, and a lifetime membership is just $149! View the NJN Judgment Enforcement Database documentation by clicking here. Compare it with the features of any other program available. Then, join National Judgment Network and download your personal copy of the program instantly.