Debt Collection Services
Having an outstanding debt owed to you can be an agonizing experience. The problem only compounds when the debtor refuses to pay, or worse, hides your assets from you.
Exodus Bailiffs’ experienced team of collectors can provide your business with fast, effective results in debt collection, asset investigation, and judgment collection.
EBI is a licensed and bonded collection agency that offers a full array of solutions to ensure the fullest return possible.
In today’s economy there are many different types of debt, incurred for many different reasons. We can assist with liquidation of your portfolio of debts in the most timely manner.
SKIP TRACING
Exodus Bailiffs provides skip tracing services for all accounts assigned for collection.
What is skip tracing?
Skip tracing is the process of locating a debtor who has “skipped” or left town, hence the name “skip tracing.” Skip tracers are especially helpful for cases in which the debtor has failed to answer or return repeated calls and emails.
While a client may have a physical address to receive collection letters, there is always a chance that the person they are looking for no longer lives there. Almost 30% of all “undeliverable-as-addressed” mail is from people moving to a new home and not leaving a forwarding address or leaving an incorrect address.
This leaves no way of informing the consumer about the debt and giving them the opportunity to pay it off before it harms their credit score. In addition to debt recovery agents, skip tracing is commonly used by private investigators, lawyers, detectives, journalists and bondsmen.
What is the skip tracing process?
Typically, skip tracing is performed in a series of steps.
The first step is to verify the information provided by the client, and correct any misinformation which also helps the skip tracer familiarise themselves with the subject. The skip tracer will collect as much information about the subject as possible, using public resources such as:
- Credit Reports
- Public Records Databases
- Loan Applications
- Criminal Background Checks
- Job Applications
- Courthouse Records
- Utility Bills
- Social Media Platforms
If none of these resources return helpful information, the skip tracer will contact current or past acquaintances of the subject such as neighbours, landlords, friends, relatives, and coworkers in order to locate the subject.