Skip Tracing refers to methods used to pursue debtors who have gone missing. It is an unfortunate reality that many debtors relocate in an attempt to leave debts behind them and stop collection calls and other efforts. Account receivables departments at many businesses feel overwhelmed by such bad debt collection cases and may give up, forfeiting the funds that are rightfully theirs.
Fortunately, debt collection agencies now employ technology to help track missing debtors. Debt collectors work tirelessly to discover leads and uncover information to find out where missing debtors may have gone. Even though there are various laws regarding who a debt collector can speak to about a debtor’s personal information, skip tracing is highly effective. A properly licensed collection agency that operates within the law can even employ deep skip tracing methods to locate debtors who have moved to another state or even country.