Asset Compliant Solutions (ACS) – Collections to Recovery Services for Asset-Based Lenders and Lease Finance Companies

Traditional loans through banks require significant time and involve many checks, making it difficult for many businesses to qualify. In contrast, asset-based lenders and lease finance companies are a more convenient source for businesses to either get the loan or equipment leasing. However, such lending companies often have to struggle with troubled loans and leased accounts. To facilitate companies in this matter, ACS comes to their rescue by providing the collections to recovery services lenders need. Therefore, this article dives deep into ACS’s top-notch services and how it helps companies in challenging times.

What is ACS?

Asset Compliant Solutions (ACS) is the United States’ trustworthy name for handling troubled accounts and assisting in asset recovery with customized solutions. Over the years, ACS experienced specialists in portfolio optimization, collections, and recovery have solved the toughest portfolio challenges of clients.

Today, ACS has a 90% success rate track record, 20+ years of experience, a team of experienced specialists, 2,000+ field agents, and 50 states licensed services. This has let ACS gain the trust of many largest and most well-known U.S. asset-based lenders and lease finance companies to resolve troubled loans/accounts and improve portfolio performance.

What are ACS Services?

ACS has designed its services to be an all-in-one solution for all types of matters, no matter the industry or equipment type. Companies just have to provide the details of troubled accounts, and the ACS’s skilled specialists and field agents handle the rest of the hassle. Below is a quick glimpse of ACS’s key services:

  1. Collect to Cure

Collect to Cure is ACS specially designed program to resolve the issues with at-risk accounts before initiating recovery. This program is useful for finding solutions for troubled accounts before heading for the expensive and risky recovery program.

ACS specialists leverage time-tested ACS technology, systems, and massive field networks to address troubled loan/lease accounts. The team develops customized solutions for every client, depending on the situation.

  1. Route to Recovery

ACS Route to Recovery program involves comprehensive loan resolution services tailored to recover assets efficiently. ACS inside and field specialists are experienced, skilled, and well-trained to locate, recover, transport, and store assets all across the United States. During the whole process, ACS provides real-time updates about the asset status to the lenders.

How ACS Completes the Whole Account Recovery Process?

The below steps reflect how ACS utilizes its expertise, processes, and technology to complete the account recovery process:

  1. The client provides the details of the non-performing account.
  2. ACS initiates the internal collection process where ACS specialists begin collections internally with the client’s team. If successful, the process is terminated the right way.
  3. ACS begins the “Collection to Cure” program to find ways to resolve issues with the non-performing account before heading for recovery.
  4. If the Collection to Cure program fails, ACS heads for its “Asset Recovery Program”. In this step, the ACS internal and field agents locate the asset and then secure or take the payment and cure account. If the asset is recovered, it is transported for auction and remarketed/liquidated.

This way, ACS either brings non-performing accounts back on track or recovers assets securely and proficiently. In short, ACS is the one-stop solution for asset-based lenders and lease finance companies, no matter the complexity of accounts or recovery situations.