Debt Collection Tactics: What Is Skip Tracing?

First, locate the person who owes the money to you in order to collect it. Sometimes it is not easy to locate those people. While some debtors will openly admit to their inability to pay the debt, others might try to hide. In these situations, Skip tracing might be necessary to locate these debtors.

What is skip tracing?

Skip tracing refers to the process of finding someone who has moved or disappeared. These individuals usually move or disappear in an attempt to avoid certain responsibilities such as debt payments. Skip tracing does not involve detective work or bounty hunting. This can lead to an arrest.

Skip tracing is often part of the debt collection process. It can be used to help creditors locate those who owe money.

Who uses skip-tracing techniques?

Skip tracing is a popular tactic in debt collection. To collect payment from an unresponsive debtor you can hire a debt collection agency. The agency might use skip tracing to try and find the debtor.

While debt-collection agencies may have more time and resources to locate such a person, you probably have other priorities. Skip tracing is also used by private investigators, lawyers, journalists, reporters, and detectives.

How do you know if skip tracing is necessary?

If you have a client that is not paying their debts, it will be thrown out of your office. You might believe that skip-tracing is required to locate them. Skip tracing is not always necessary. Sometimes you can find the information by yourself.

This is because, unlike the time when skip tracing was first developed, most information can now be found online. This is thanks to search engines and social media platforms. The theory is that you could do the skip trace steps yourself. Sometimes you can do a skip trace completely on your own. If not, a more skilled skip tracer may be able to do the job.

Originally Published on The Tech Trend