It often happens that you have to "chase" a creditor to obtain what is owed to you, but also because of the urgency to obtain as soon as possible the liquidity necessary to carry out your company's business objectives.
In order to reduce the time, one of the solutions is represented by the so-called assignment of credit. This is a transfer of a sum of money or even a service that involves three parties: the assignor, the assignee and the assigned party.
Article 1260 of the Civil Code governs this practice.
The assignment of credit, in turn, can be with or without recourse.
Let us take a concrete example of the assignment of a credit without recourse and with recourse, using a case of Factoring.
This type of factoring occurs when a company assigns a credit to a Bank, which represents the factor.
In non-recourse, the company obtains liquidity from the factor, freeing itself of any responsibility, but with the reduction of part of the liquidity.
With recourse, the company guarantees solvency but in return gets more liquidity from the Bank.
Phersei Agency proposes itself as an intermediary for the service of Credit Recovery without and with recourse.