Why is a skip tracing tool top-rated among debt collectors is not a far-fetched question. Debt collectors or debt recovery agents are contracted by creditors to help them recover debts from debtors. Skip tracing is therefore a necessary skill for debt collectors because debt collectors might need to go to considerable lengths to recover monies from debtors whether you can find them or not.
A debt collector is brought on board when customers fail to make repayments on a credit extended to them. Debtors occasionally stop responding to a collection agency when they feel they are out of options or are unable to complete payment, consequently some debtors break the line of communication entirely. This is where a debt collector brings in their skip tracing skills to the fore. Skip tracing in relation to debt collection involves collectors actively locating consumers that owe money on an account. The term is derived from the phrase “to skip town,” and can make it seem like these consumers are intentionally abandoning creditors’ attempts to reach them.
This is why you need a skip tracing tool top-rated like Need to skip that can enable you to produce results when trying to find someone.
What should a debt collector look out for in a Skip Tracing Tool
We’ve established the importance of a skip tracing tool to a debt collector, now let’s talk about the important features they should look out for in a skip tracing tool:
- Accuracy: This is probably the biggest need of a debt collector. Accuracy is a big deal when dealing with financial matters. A skip tracing tool is top rated amongst debt collectors if it is able to produce accurate information about a creditor, their location and other relevant data points.
- Turnaround Time: A skip tracing tool with a fast turnaround time like need to skip. A debtor could be literally skipping town and evading responsibility and you need a tool that can churn out accurate results within the shortest possible time.
- Access to Large Databases and National Archives: To give you a wider reach, you need to use a skip tracing tool that can find information across multiple archives and databases. Need to skip has access to Nationwide Archives and the largest databases. The skip tracing process combines technological and offline sources, including public records and data, to find debtors who haven’t paid their invoices. Need to Skip keeps an active database that proves far more sophisticated than the consumer-based solutions you can find online.
- Supporting Data: You should look out for as many data points as you can from a skip tracing tool. For one, Need to skip provides you with relationship reports of known relations and associates of a contact you’re looking. It also provides specifics for contact information by differentiating between a work phone number, a mobile number or a home number.
Whether you are an individual debt collector or a debt collection agency, you need a skip tracing tool you can count on to meet the needs of your customer base by providing accurate data in the shortest possible time, and Need to skip is the best in the market.