Who is a Recovery Agent? Roles, Responsibilities, and Legal Guidelines

Loan Relief28 May, 2025Finance

A recovery agent is a professional hired by banks, financial institutions, or third-party agencies to recover outstanding debts from borrowers. They play a crucial role in debt collection, ensuring that lenders retrieve overdue payments while adhering to legal and ethical guidelines. In this article, we will explore the responsibilities, legal aspects, and rights of borrowers when dealing with recovery agents.