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What is the definition of skip trace?

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What is the definition of skip trace?

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10

In the field of debt collection, the term “skip” refers to a person who has disappeared in order to avoid a paying some type of debt. Skip tracing is the process of locating skips.ReasonsSkip tracing is used to find individuals who have defaulted on credit cards or other types of unsecured loans or who owe money due to a court-issued judgment against them.ProfessionalsCollections agencies and attorneys are usually the individuals who engage in skip tracing in order to collect debts owed to them or their clients. There are also services that will perform skip tracing for a number of agencies or attorneys on an as-needed basis.ContactsSkip tracing involves contacting employers, relatives and other known creditors by phone to try and obtain information about a debtor’s whereabouts.Other MethodsA number of companies offer software programs to assist with skip tracing, particularly with pulling credit reports and searching for other known addresses for a “skip.” For large debts, agencies ma

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