DALLAS -

Recovery Assurance, a repossession management firm recently founded by American Collateral Recovery Group, has now partnered with Inilex, a provider of GPS-enabled telemetry solutions. 

Company officials explained Inilex has developed a proprietary program specifically designed to assist in monitoring and recovering lost vehicles. With this unique program, Recovery Assurance insists it can monitor and coordinate GPS services and recovery efforts for lenders, as well as cover the cost associated with recovery efforts.

Recovery Assurance pointed out its business method is being reviewed by the U.S. Patent and Trademark Office and currently listed as patent pending.

“For years, GPS devices have been used as an effective tool to reduce credit risk, but financial institutions are still burdened by the costly process associated with repossessions,” stated Troy Mata, president of Recovery Assurance.

“We not only monitor and coordinate the recovery efforts for lenders, but we cover the cost associated with the recovery efforts," Mata added. “In the unlikely event that we cannot recover your collateral, we will recover your investment with our money-back guarantee."

“When it comes to recovery there is no assurance or guarantee until now,” noted Desmond Dusina, regional sales director for Inilex. 

Michael Maledon, chief executive officer of Inilex, noted, “We are excited about the relationship between Recovery Assurance and Inilex and look forward to revolutionizing the industry with this partnership.”