Assurant Assets
Accounts receivable refers to the process of collecting money that is owed to an individual or business (a creditor) by another party (the debtor). It usually occurs when a debtor has failed to meet their payment obligations under an agreement or contract. Debt recovery can be handled in various ways, depending on the situation and the terms agreed upon.
Here are some key methods of debt recovery:
Negotiation: The creditor may start by contacting the debtor to negotiate a repayment plan. This often includes setting up a new payment schedule or agreeing on a reduced lump-sum settlement.
Collection Agencies: If negotiation fails, creditors might involve third-party collection agencies that specialize in recovering debts. These agencies charge a fee or take a percentage of the debt recovered.
Legal Action: If informal methods fail, creditors may file a lawsuit to obtain a court judgment against the debtor. If the court rules in favor of the creditor, they may be able to garnish wages, seize assets, or place liens on property.
Bankruptcy: In cases where the debtor is unable to pay their debts, they may file for bankruptcy. While bankruptcy offers a way for debtors to relieve some of their obligations, it can result in a partial or total loss for the creditor.
Debt Settlement: In some cases, the debtor and creditor may agree to a debt settlement, where the debtor pays less than the total amount owed, and the remaining balance is forgiven.
What we offer
At Assurant Assets and Recovery, we specialize in the purchase and management of consumer debt receivables, providing tailored acquisition solutions for creditors seeking to liquidate or divest delinquent and charged-off accounts. Our focus includes credit card debt, installment loans, retail financing, auto deficiencies, payday and installment lending portfolios, and other unsecured consumer obligations.
We understand that selling a receivables portfolio is a critical financial decision that requires a partner with integrity, compliance experience, and operational efficiency. Our acquisition process is designed to ensure transparency, minimize disruption to your operations, and maximize the recovery value of your assets.
With a team experienced in debt purchasing and recovery, we conduct thorough due diligence and valuation to offer fair, market-driven pricing based on age, type, performance, and volume of accounts. We maintain full compliance with all applicable federal and state regulations, including the Fair Debt Collection Practices Act (FDCPA), Gramm-Leach-Bliley Act (GLBA), and consumer data protection laws. Our systems and workflows are built to align with creditor reputational risk standards, and we uphold a consumer-first recovery approach in all post-sale servicing efforts.
Whether you’re a lender, fintech company, credit union, service provider, or originator looking to sell fresh charge-offs, aged paper, or previously placed accounts, we are equipped to structure one-time bulk sales or ongoing forward flow arrangements that suit your business objectives.
Partner with Assurant Assets and Recovery for a professional, compliant, and value-driven approach to receivables portfolio liquidation.
Consumer Disclosure
If you have received a call, letter, or other communication from Assurant Assets and Recovery, it may be regarding an account that has been legally acquired by our office or is being serviced on behalf of a creditor. This contact may relate to an outstanding consumer obligation, a verification request, or an opportunity to resolve a financial matter.
We are committed to conducting all outreach in accordance with applicable consumer protection laws. If you believe you have been contacted in error or would like to request additional information about the nature of the communication, please contact our office directly. Our team is available to assist you with account verification, resolution options, or general inquiries.