How Do Skip Tracers Discover Debtors?

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Have you ever lend money to a borrower and expected that they will pay back the amount on the decided date, only to discover that the borrower is nowhere to find? In such times, borrower might find themselves at a loss while not knowing what to do. The most possible thing that will come to your mind will be to hire skip tracing services and find the borrower.

Skip tracing refers to searching a debtor who seems to have vanished in thin air. The debtor tries to do everything to escape and avoid being found, believing that they will not pay back their debt ever.

The lender on his/her own may find it difficult to locate a person. For this, it is wise to hire services of Skip Tracing OKC so that they track down your debtor .

In case if you are wondering how Skip Tracing Oklahoma finds your borrower in a matter of time, then below are some ways mentioned:

1.   Gather Data On Your Debtor

The first rule of skip tracing OKC is to discover every bit of information about a missing debtor. This Information includes Social Security number, driver’s license, birthdate, previous residential address, place of employment, etc.

This information can be gathered easily by inquiring the friends and family of the debtor. The skip tracer also goes through resources such as court records, taxation details, banking applications, job applications, etc. to accumulate information. Once the skip tracer gets hold of this information, they become able to get a lead on their search.

2.   Caller ID

Skip Tracing Oklahoma City also gives a call at all the addresses that the individual has resided in. The tracer will state that they need to contact so and so person, and leave a phone number on which the person can call back on. In case, a person catches the bait and calls out of curiosity, bam! Your caller ID will identify the phone number, which will help reveal the person’s current address.

3.   Contact place of employment

The skip tracer will visit the borrower’s place of employment to see if they can get any leads on where your debtor may be working now. They may find someone who can provide valuable information about your debtor that will help the skip tracer track him or her.

 

 

When Is It the Time to Hire a Skip Tracer

Due to a multitude of reasons, you are not able to find the person you are looking for. That person may be a debtor who has borrowed a sum of money from you and has no intention of repaying it. So they decide to go missing so you are not able to ask your money from them.

Skip Tracing Services can be extremely valuable in helping you find the missing person. So waste no time and hire a Skip Tracing Oklahoma City services company to solve the mystery of the missing person.

When Is It the Time to Hire a Skip Tracer

1.   You Are Not Able To Locate an Individual

When you have no idea where the person you are looking for is living and their last known residential address is of no good, this is a good time to contact a Skip Tracing company. At this point, who knows where the person is.  The skip tracer will know exactly where and how to start the search. They are well aware of the approach they should take in tracking down the person.

2.   You Have a Feeling the Person Is Residing In a Certain Place

Although you do not have any listed information, you have a strong feeling that they might be found at a certain address. In such situations, it is better to have a Skip Tracing Oklahoma company verify if your suspicion is correct or not.

3.   Finding Difficulty in Tracing a Particular Asset

If you have been thinking that skip tracing OKC is only related to finding missing persons then you have been limiting the capabilities of skip tracers. One can get to know where a specific person is by investigating in the neighbourhood, but getting to know here the asset of that person is a bit difficult. Skip tracers have things in controlled in this matter, usually, lenders ask for their help when trying to locate a vehicle for repossession. However, there are companies who render these services but they limit their reach to time but skip tracers do not give up until the missing asset is found.

4.   Verify If the Person Has Died

If you have heard rumors that the person you are looking for has passed away, you can hire a Skip Tracing Oklahoma City company to track down the truth.

The Origination of Skip Tracing

Skip Tracing OKC

The concept of skip tracing has been established since before the middle ages. Obviously, the way skip tracing took place before is a lot different than how it is practiced now. However, the premise is the same. What is the premise? Well, skip tracing is often related to debt collection, in which tracing is the way to find the ‘skip’ (the one who has left, often a debtor) in order to help someone get their money back. Skip tracing services are used for many other purposes now, for example, to track down old relatives or friends or just to find someone specific. Skip tracing has been around since before sliced bread was created! People really have been running away from paying their debt for a long long time. The modern ways to skip trace are extremely innovative and easy. Let’s explore how skip tracing originated.

The Word Skip Tracing

The word ‘skip,’ in this phrase, is actually used as a noun. Skip is another word for a person who has ‘skipped’ (left) town. In most cases, the skip leaves hurriedly, leaving behind some subtle clues as to where they have gone. Traditionally, skip tracing was only used by bounty hunters, detectives, repossession agents, debt collectors, lawyers and bond enforcers.

What Is The Original Skip Tracing Methodology

The basic method of skip tracing is pretty easy- collecting as much information as possible, analyzing it, drawing conclusions, taking an action and then repeating! Most skip tracing in Oklahoma City basically takes place in the same way. Of course, the difficult part is finding the most useful information available through a variety of methods. These days, skip tracing in Oklahoma just involves going through databases and using the internet to make connections to the skip. In the very old days, they would have to travel around and then ask around. Skip tracing in OKC, however, in some cases still involves calling up, visiting and/or interviewing family, friends and anyone who is related to the skip such as co-workers and neighbors. Collecting data, of course, can happen in any of these diverse foolproof ways.  Then, of course, skip tracers need to analyze the data meticulously in order to trace the skip.

Thank god that things have improved and changed in the skip tracing industry due to the advent of technology. Skip tracing is an ages-old art that has definitely been refined.