Investing | Skip Tracing
A Guide On Finding Someone That Owes You Money

by | Nov 4, 2021

Finding someone that owes you money is a pain point that we have probably encountered at a point. Most times the people we lend money to are family and known associates and we don’t really need to call in the “coast guard” to find them or get our money from them. Imagine a situation why Jane borrows $50,000 from John to grow her business and all of a sudden disappears and proves unreachable, How does john find her and get back his money. Oftentimes, John in the scenario above stands for institutional or more established lenders like commercial or savings banks, savings and loan associations, trust companies, credit unions, industrial loan associations, insurance companies, pension funds, or business trusts including but not limited to real estate investment trusts (the list is quite exhaustive). From time to time, these organizations have the headache of finding the location of people who borrow from them. We’d be sharing how they can find such a person.

Finding someone that owes you money

The very first step in finding someone who owes you money is to collect as much information as you can on the person or company owing you money.

  • Social Media: The world is increasingly digitized and we are more connected together than ever. You can try and find information about a person through their updates on social media platforms like Facebook and Instagram. You can also pinpoint their locations through their updates too.
  • Search Engines: Search engines crawl websites for information related to search queries and produce such information  for display. You can use Google or  Bing to find information with someone in relation to their location e.g. John Doe Ohio. You should also ensure that names are well spelt when running searches.
  • Search Public and Private Records: Public and private records provide you with adequate information and most times up to date information on the person you are looking for. You can check Credit Reports ,Loan Applications , Criminal Background, Checks, Job Applications, Court Records ,Utility Bills and also vehicle registration records. You can also look up the registers of associations you think the person is likely to be a member of. For instance a lawyer is likely to be a member of the local bar association.
  • Skip tracing: This is a very reliable tactic used by debt collection agencies to find persons of interest.  Skip tracing employs a plethora of techniques leveraging public and private sources of information to locate the person of interest. You can utilize everything from Credit Reports and Background checks to meta-data and social media accounts. One hack that helps slip tracing is providing the skip tracing tool with as much information as you can to aid the search. You should be wary about free skip tracing tools. A very reliable skip tracing software is need to skip as it helps you with a relationship report alongside the regular data points expected of a skip tracing software.

To avoid people eloping with your money, ensure you have a proper database of information about them to help you with finding them.

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