Questions | Skip Tracing
Is skip tracing worth it for debt collectors?

by | Nov 4, 2021

Is Skip tracing worth it for debt collectors? , this is a viable question to ask if you are a debt collector. You want to be sure of the channel in which you are investing and the likelihood of such a channel bringing you results. If you are new to this discourse and you are wondering where does Skip tracing meets Debt collection, you are in good company. Skip tracing is one of the techniques adopted by debt collection agencies for debt collection. They use debt collection to find debtors who might seem difficult to find probably due to changing addresses or contact information or probably cause they are avoiding an obligation. Skip tracing crawls through multiple sources of information to find information about the person(s) of interest. Skip tracing is versatile and used across multiple business lines including real estate, banking, insurance, and legal. So Back to the question, Is skip tracing worth it? We believe it is. If a technique can help you perform a considerable aspect of your work, it is definitely worth it.

Why is skip tracing worth it 

Having established that Skip Tracing is worth it for debt collectors, It will be good to share the why. Here’s why skip tracing is worth it for debt collectors:

  • Saves Time: As a debt collector, Skip tracing saves you the time you will spend searching though multiple information sources to find potentially unreliable information. With a reliable skip tracing service like Need To Skip you are sure to get your information in less than 48 hours. In the long run this helps you deliver on multiple tasks within a shorter period of time and increase revenue.
  • Reliable: Alongside the advantage of speed, Skip tracing gives you the benefit of having information you can metaphorically bank on. A good skip tracing service provides you reliable results within the shortest possible time. You should be wary of results you get from “free skip tracing tools” though, free doesn’t equate with quality.
  • A plethora of Information Sources: An efficient skip tracing software will scan through multiple databases to find information. Some skip tracing software have access to multiple public databases to find information. What an ideal skip tracing tool does is to collect all the information publicly available on a subject, analyze and determine the relevance of such information in relation to the search you are running. So depending on the search the skip tracing software will gather a large or small amount o data depending on the search.
  • Additional Data Points: Using a skip tracing service like Need to Skip gives you access to a relationship report. The relationship report is a contain information of known associates or family members of the person(s) of interest. Not every skip tracing service does this

Deploying skip tracing as part of your debt collection process should be a non-negotiable for any serious debt collector. You need to find a person’s location and other important information about a person and no other skip tracing does that efficiently like Need To Skip.

Related Articles

Using Skip Tracing To Locate Somebody: A Guide

Using Skip Tracing To Locate Somebody: A Guide

Using Skip tracing technology to locate somebody is one of the many advantages of skip tracing software. Essentially Skip Tracing is the process of finding someone who is seemingly difficult to find; Therefore, either by a lack of information about them or they do not...

How To Optimize Skip Tracing When Being An Investor

How To Optimize Skip Tracing When Being An Investor

How to optimize your skip tracing is an essential consideration for you as an investor. You want to be sure that your investment in Skip tracing is yielding much-needed results; and you are making the most out of the possibilities and advantages that skip tracing...

Five Things You Didn’t Know About Skip Tracing Technology

Five Things You Didn’t Know About Skip Tracing Technology

Five things you did not know about skip tracing technology include a list of possibilities that can be achieved with skip tracing technology, but you never directed your mind to. To provide a bit of context, Skip tracing is the process of tracking down someone or a...