The steps required to become a recovery agent vary depending on the type of recovery agent desired. A person might want to work as a repossession recovery agent, which often only requires a high school diploma or its equivalent. An individual may, however, choose to work as a bail or fugitive recovery agent, a position that typically requires licensing. For both of these jobs, training is recommended, but some jurisdictions may have specific training requirements for those who want to work as recovery agents. A person who wants to work as a recovery agent may also be subjected to a background check and must be free of felony convictions.
A person who handles repossessions is commonly referred to as a recovery agent. This means he works with businesses that want to reclaim assets after a borrower defaults on a loan. Recovery agents, for example, frequently collaborate with car loan companies. The recovery agent’s job is to repossess the vehicle after the borrower defaults on his car loan payments. Recovery agents may also seize boats, motor homes, and other valuables in some cases.
A high school diploma, or its equivalent, is usually required for becoming a recovery agent and working in repossessions. This educational requirement may be applicable only if he wishes to work for a company; however, if he wishes to work as an independent contractor, a high school diploma is usually not required. While a recovery agent may be required to have a license in some circumstances, many jurisdictions do not. However, training may be beneficial to an aspiring recovery agent, and in some cases, it may be required. A course or program, shadowing an experienced agent, or working for a recovery agency that offers training are all options for training.
A bail recovery agent is someone who pursues people who have been released on bail but have not appeared in court. This individual usually works for a bail bondsman or a bonding agency that helped a criminal get out of jail. The bail bondsman may lose money if the criminal fails to appear in court. As a result, he may hire a bail recovery agent to track down the fugitive and return him to court. A bail recovery agent is compensated financially in exchange for his services.
The steps required to become a recovery agent who tracks down fugitives differ depending on where one lives. A person who wants to pursue this career will typically need training and licensing. There are schools where a person can study to become a bail recovery agent, but some jurisdictions have their own training programs that candidates must complete. Firearms training may be required in areas where bail recovery agents are allowed to carry guns.