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SPECIAL REPORT / SKIP TRACING
Charly Fllipek
VP Strategy and Business Development
Credit grantors and collectors are always looking for more ways to locate missing debtors. What new data sources can help Increase the likelihood of tracking them down?
Credit grantors and collectors are advised to look beyond traditional data aggregators and enlist the services of location companies that provide information which includes alternative points of consumer contact. These sources include proprietary sources of data that can contain cell phone information and verified place of employment. The key to increasing right party contact is the verification process itself. The identification and location of a confirmed contact point is essential to enhancing contact and collection performance.
Technology has transformed skip tracing, with most Information now delivered electronically. What other tools, such as tracking and scoring, are available to enhance performance?
Manual investigations are used as a cost saving tool for the collection industry. Tracking processes include the warehousing of accounts that can be systemically...