Skiptrace (also skip tracing, or debtor and fugitive recovery) is the process of locating a person’s whereabouts. The “skip tracer” locates the debtor/ fugitive.
The term “skip” (as a noun) refers to the person being searched for, and is derived from the idiomatic expression “to skip town”, meaning to depart (perhaps in a rush), leaving minimal clues behind to “trace” the “skip” to a new location. Similar techniques have also been used by investigators to locate witnesses in criminal trials.
What are the benefits of skip tracing?
Finding missing or non-paying individuals or businesses: Skip tracing can help businesses and individuals locate individuals who have disappeared or are not paying their debts, including renters and former colleagues.
Debt collection: It helps companies locate those who have skipped out on their debts, making it easier to collect debt.
Reducing fraud: Skip tracing can help spot fraudulent activities by making it easier to track down individuals who are using false identities.
Improved Customer Support: Skip tracing enables organizations to have better customer support by providing accurate and up-to-date contact information to confirm account details, verify client information, and minimize fraud.
Legal proceedings: Skip tracing is used to locate individuals who are likely to testify in court, ensuring that the legal process proceeds as planned.
Asset Recovery: Skip tracing can assist with asset recovery in legal proceedings by identifying a person’s assets.
Conducting Background Checks: It helps employers perform background checks on potential employees, such as criminal history, employment verification, and other relevant information.
Reducing Risks: Skip tracing helps mitigate risks associated with fraud, security breaches, and compliance with regulations or compliance policies.