What is a recovery agent?

Recovery Agents are professionals responsible for locating and repossessing assets, such as vehicles or property, from individuals or businesses that have defaulted on loan or lease agreements. Their work involves tracking down assets, negotiating with borrowers, and following legal procedures to recover items on behalf of lenders or financial institutions. Recovery Agents must be knowledgeable about relevant laws and maintain ethical conduct while performing their duties. They often work for repossession companies, banks, or other financial organizations.