Missing debtors and collateral can be expensive to chase especially in market conditions where companies and service providers are feeling squeezed to cut fees to stay price competitive.
Ask five people what the best skip trace tools and techniques are to find John Doe and you are likely to get five different answers. Why? It is relative. Searching for a missing child you’d likely have different time and money limitations than searching for a debtor to recover money or assets. Below are seven simple rules to help you get more out of your skip tracing.
Skip trace testing is biased. As collection organizations we do our best to conduct fair and accurate third-party data tests free of bias that skew results. No such test exists.
Testing skip trace vendors isn’t rocket science but it’s not as straightforward as you might think. The things we’ve learned from different skip trace testing methods may surprise you.