Business Blog

Business Guide: Learning More about Skip Tracing

How do you find someone who doesn’t want to be found? Businesses, debt collectors, investigators, and many other organizations have to find whereabouts of people, who are not accessible through the known means of communication. The person may be evasive for various reasons, but knowing their current whereabouts or to track their activities is often necessary for agencies, businesses, and other organizations alike. That’s where the term – skip tracing – comes in handy. Today, the process doesn’t have to be complicated anymore, thanks to skip tracing tools, which are available from many known companies such as Microbilt.

In this post, we are discussing further on skip tracing and things that businesses need to know.

Beyond debt collection

While finding missing debtors may seem like the foremost goal of skip tracing, the purposes can be different. For instance, law firms often need to rely on these tools to find witnesses, who can be critical for a case, or to find people who may have inherited estate. Then, of course, there are third-party debt collectors, who are trying to find debtors, customers and borrowers, who have been declared delinquent.

So, how is skip tracing done?

The idea of skip tracing is to find updated data of a person or business through varied known and reliable sources. Companies often rely on debt collection software and skip tracing tools for that, because these can gather and process data and information from multiple sources and present in a manner that relevant data can be used effectively. Most of the skip tracing tools rely on sources like available address & phone number databases, legal and criminal records, applications made for loans and credit cards, tax records, utility bills, Driver’s license & Vehicle registrations, and so on.

Things to understand

While skip tracing is incredibly critical for businesses, not all tools meant for skip tracing are the same. Some developers, such as Microbilt, have done an incredible job of ensuring that clients get the information they need, and there is minimal conflict in the data retrieved from various sources used for the search. You can check Microbilt’s website to find more on their tools, but there is no denying that they have been successful in designing tools that can help businesses, agencies, and other clients alike. They also have great support, and depending on the specific needs, some of their skip tracing tools can be customized too. Of course, there are always situations where skip tracing tools are not capable of finding the necessary details, but in most cases, debt collectors can be assured of finding people who are trying to default on loans.

Final word

The need for skip tracing tools is evident, and more companies are relying on them than ever before, given the increase in fraudulent activities. If your company hasn’t considered using skip tracing tools as yet for handling matters related to debts and finding so-called missing customers, it is high time to leap ahead. Refer to Microbilt to know more on how to do it right.

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