The Latest in Debt Collection Skip Tracing
Unlike the tracers used to track motion in the military, medicine or science, debt collection skip tracing involves searching for consumers or business owners who have gone missing. These individuals may be evasive debtors or those who have inadvertently dropped off the grid for a variety of reasons. The U.S. Postal Service, for example, estimates that nearly 30% of “undeliverable” mail is sent to people who have not left a forwarding address after moving to a new residence.
Skip tracing in the credit and collection industry has come a long way from the days of using phone directories, hand-written ledgers and file cabinets. Today, skip tracers rely on a variety of public records and or specialized databases to locate hard-to-find individuals.
Technology is at the core of modern debt collection skip tracing, and savvy practitioners understand the fastest, more economical channels to source.
Article Summary
- What Is debt collection skip tracing?
- Is skip tracing legal?
- What resources are available to skip tracers?
- How much does skip tracing cost?
- What are the benefits of skip tracing?
