Skip Tracing, What Is Skip Tracing, and How will it Benefit You?

While leaving town for a vacation is thrilling and entertaining, many people do it to avoid financial obligations and debt. If you’ve ever been across someone who has done something like this, you may well have heard about how they’ve been eventually apprehended. In this post, we’ll look at what skip tracing is, who it can help, how much it costs, and how it works.

What Is Skip Tracing and How Does It Work?

The procedure of finding a borrower who has departed or skipped a town is known as skip tracing. This usually happens when a debtor intentionally refuses to communicate with a debt collector and then vanishes.

The individual who performs the skip tracing is known as a skip tracer. They are in charge of doing a skip trace or identifying the debtor. It’s easy to mix up a skip tracer with a bounty hunter or a bail bondsman; skip tracers frequently assist bounty hunters and bail bondsmen in locating fugitives, after which they begin the fugitive recovery process.

However, “skip tracing” and “bounty hunting” are occasionally used interchangeably.

If you’re still confused about what skip tracing is, see the movie The Rundown (2003). Beck, portrayed by Dwyane Johnson, is a contract killer who is tasked with finding Travis, played by Seann William Scott. Even if you don’t know skip tracing, the film is worth seeing!

Who Is a Skip Tracing Service Beneficial To?

A skip tracking system may help a wide range of people, and anyone can use it. The following people are the most likely to use skip tracing to locate someone:

  • Collectors of debts
  • Professionals in the medical finance field
  • Landlords
  • Banks
  • Journalists/Detectives
  • Companies that issue credit cards
  • Private companies
  • Journalists /Detectives

Let’s take a closer look at the more typical reasons for conducting a skip trace search:

Looking for Family or Friends

People frequently employ skip tracing to find missing friends or relatives. Many people engage a private detective to reconnect with someone they’ve lost touch with or are challenging to locate.\

Debt Collection

One of the most used debt collection techniques. To regain and make debt payments, debt collectors can use credit records to locate a person. These employees are either recruited directly or through a debt collecting firm. Skip a slew of other businesses also offer tracing services.

Skip tracing is a technique used by real estate brokers to locate sellers and buyers and reclaim individuals. This lets them expand their business or sell the listed home faster. This also helps focus efforts on a particular client or vendor who will participate in the process.

Regarding a Legal Case, I’m looking for a specific person.

Suppose you’ve ever seen an action or thriller film. In that case, You’re likely aware that skip tracing is often used to locate someone engaged in a legal dispute,  Reporters, lawyers, and other professionals regularly undertake to skip tracing searches.

Companies and businesses in the private sector

Recruiters routinely do background checks before hiring a new employee. This includes, among other things, criminal background checks,  using a social security number, identity checks , and location searches. Skip tracing can also help with this.

Important Points to Remember

  • The practice of locating someone’s whereabouts is known as skip tracing. It’s mostly done to track down someone who has gone missing on purpose to evade financial obligations.
  • Skip tracing techniques are also used by debt collection agencies, lawyers, businesses, and landlords to locate a person.
  • Credit card companies also use this method to perform background checks on the people they’re lending money to.
  • Finally, real estate agents use it to discover potential buyers or vendors.

The Skip Tracing Methodology

The method of skip retracing may differ from one person to the next. It becomes more difficult to discover little about the missing person, but it is straightforward if all relevant information is provided. A skip trace report has been created by following a few common steps.

Verifying the Debtor’s Information

Verifying the debtor’s information provided by the organization or creditor is the first stage in the procedure. The state welfare number, and other identifying documents, are included. Skip tracers also conduct a deep web mobile number search to seek and locate the person.

Obtaining all of the necessary information on the debtor

The next stage is more time-consuming and complicated. It requires obtaining information on the debtor using all available resources. Searching for job application data, public tax information, credit card applications,  utility bills, or even digging for a skipped payment on White pages are all examples. Collection letters, skip trace databases, pen-source databases,  and credit files are all used by many to obtain information.

Conclusion

Skip tracing is a term used to describe someone hunting for someone who has left town, typically for financial reasons. It’s a method of discovering a missing person that debt collectors, lawyers, or family members frequently use. The process includes verifying submitted information, examining public records, and consulting with people who know the person. While experts usually do it, anyone with access to the internet may skip track another.

Photo Credit: medium.com

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