One of the most common questions I'm asked
regarding judgment recovery is "Do you need
a license to collect judgments?"
is "It depends." Doesn't it always?
Here's the rule of thumb. If you purchase
the judgment you then have the same legal
rights as the original judgment holder.
Therefore no license would be required.
However, if you do not purchase the
judgment then you'd be operating as a 3rd
party collector and a collection
agency license would be necessary to
collect the judgment.
The rules vary from state to state. Some
states do not recognize assignments at all,
claiming this to be The Unauthorized
Practice Of Law.