Does Recover handle personal debt collection?
No. Recover is a commercial debt collection agency, which means we only work on business debt, but we do collect against individuals who are personally liable for business debt, such as individuals who signed a confession of judgment or guaranty.
What is a UCC lien?
Simplified, a Uniform Commercial Code (UCC) lien filing, or UCC filing, is a notice lenders file to stake a claim in borrower assets in the event of default. The lender can then collect those assets to cure a debt under certain requirements if needed.
Does Recover have minimum claim requirements?
Yes. We only accept claims that are over $1,000 and originated within the last 3 years.
How contingency agreements work.
A contingency fee agreement means that we only get paid when you get paid. So, when we collect $100,000 at a contingency rate of 20%, we’re entitled to $20,000, and distribute the remaining $80,000 in funds to you.
We handle claims in every State.
Yes, we provide debt collection services nationwide.
Know your rights.
Creditors have rights too. We’re here to inform you of your rights as a creditor. Call us today to discuss your claims.