Why Did an Asset-Recovery Company Contact Me?

Receiving a notice from an asset-recovery company can raise questions. Here's what you need to know about why these companies contact people and what it means.

How Recovery Companies Find Records

Asset-recovery companies research public unclaimed-property records maintained by state governments. When they identify a record that appears connected to an individual, family, estate, trust, or business, they may reach out to offer assistance with the claim process.

What the Notice Means

A notice from a recovery company typically means:

• A public record of unclaimed property may be associated with you or someone connected to you
• The company is offering to help you navigate the documentation and filing process
• There is no obligation to use their services

Is the Notice Legitimate?

If you receive a notice, you should:

1. Review the company information – Look up the company independently
2. Verify the record – Search public state databases yourself
3. Ask questions – Contact the company and ask for details
4. Take your time – You are not obligated to act immediately

What to Watch For

A legitimate recovery company will not:

• Ask for bank passwords or full Social Security numbers by email
• Pressure you to sign immediately
• Require upfront fees before explaining the service agreement
• Claim to be a government agency

Your Options

Property owners may be able to file claims directly with the applicable government agency or property holder without hiring a recovery company. If you prefer professional assistance with documentation, notarization, and follow-up, a recovery service can help guide you through the process.