Let’s understand what skip tracing means and what skip tracing companies in India do. If a customer is late paying for goods or services usually try to contact him or her.
What do you do if a customer disappears into thin air?
Many debt recovery agencies employ a variety of debt collection strategies to help them recover debt faster and resolve common payment problems.
Skip tracing is one of these tactics. There is a lot of skip tracing companies in India that offers their services to debt collection agencies.
What is Skip Tracing Service?
Skip Tracing refers to tracing someone who has left town without leaving any whereabouts, or Skip tracing refers to the process of finding a debtor who “skipped” or has left town. This is why the term “skip tracing” was chosen.
Skip tracers can be especially useful in cases where the debtor fails to return repeated calls or emails.
Even if the client has a physical address where they can send letters, there is always the possibility that the person they are looking for doesn’t live there.
In these cases, our experienced debt recovery team, along with our private investigation team, will attempt to locate the person’s contact details, current address, and even location in real-time.
There is a lot of skip tracing companies in India that offers their services to debt collection agencies.
In a skip tracing scenario, the person who is located doesn’t wish to be found. We can only turn a person’s location and personal information over to a 3rd party when they have a legal basis and necessary approvals. For ethical and legal reasons, our investigators will not turn personal information over to a client without a sound legal reason for the client to seek this person.
Who is a skip trace subject?
Skip tracing subjects are people that have not paid for services rendered, clients or customers who have not paid for their services, creditors who have defaulted or people who have skipped bail. They could even be important witnesses for attorneys, missing heirs to estates and so on.
Debt recovery agents can also use skip tracing. Private investigators and journalists often use the service of professionals for tracing people.
Sometimes this form of tracing is erroneously called bounty hunting.
Although they are two very different processes, bounty hunters often hire skip tracers which could explain why some people mistakenly believe they are the same thing. There are many skip tracing companies in India that offer their services to professional debt recovery agencies.
How does the process work? What do skip tracing companies in India do?
Skip tracing is usually done in a series of steps.
First, verify the client’s information and correct any errors in the information. This helps the skip tracer to become more familiar with the subject.
The skip tracer then begins to gather as much information as possible using public resources like:
- Credit Reports
- Database of Public Records
- Application for a Loan
- Criminal Background Checks
- Job Applications
- Listings on various social media platforms and job sites
- Courthouse Records
- Utility bills
If these resources fail to provide any useful information, the skip tracer will contact past or current acquaintances of the subject. This could include neighbours, landlords and friends as well as relatives and family members.
Before the advent of social media and the internet, skip tracers had to do everything manually. This included travelling to a location and speaking with friends, calling references, and spending a lot of time looking through public records at the library.
However, skip tracers can often find the person they are looking for quickly, thanks to the vast amount of online information.
Over the past decade, there has been an exponential increase in the number of resources that can be used to trace skips. Apart from the vast social media resources, there are even open-source databases that are available today.
How can I hire a skip tracer or skip tracing company in India?
Hiring a third-party collection agency with a skip trace service option is more economical than hiring an individual skip tracer.
Some collection agencies will skip trace and charge on a contingency basis. This means you pay up only if you receive your money. Most independent skip tracers charge an hourly fee.
You can find a skip tracer that suits yours needs to recover missed payments by researching different agencies and skip tracers.
Consider hiring a skip trace agency to help you track down money if your customer appears “off the grid”.