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Apr30
What is the best way to locate Debtors who owe me Money?

Many business owners are not familiar with the term "skip tracing" or a "skipped account".  This means that a debtor or someone who owes you money has "skipped" or you cannot locate them in order to try and collect the money they owe you.

Most business owners don't address this issue until it happens to them, which is a mistake.  The way you will know if one of your customers has skipped is if their mail is returned as moved left no address or maybe their phone is disconnnected, or both.  Then what do you do? How can you get paid?

There are many online databases you can use to try to locate someone, some are free and some you pay for.  Also, if you don't want to be bothered looking for someone that owes you money you can place the account with a collection agency and they will skip trace for you.

I recently ran across a poll where collectors were voting on which online skip tracing company has the most comprehensive and updated database.  To my surprise Accurint was at 40%, a tie with "other" also at 40%.  Merlin was only 10% and Skip Smasher was also at 10%. 

I have not used all of these databases so I cannot tell you how up to date they are, or who offers the best pricing.  But use this as a guide to help you determine if you want to use one of these services to locate the debtors that owe you money.  Good luck!

Apr29
Keep Updated on Collection Laws
Don't Buy Stuff you Can't Afford
When Receivables Grow Moss
Apr26
Build a Credit Policy You can be Proud of
Apr25
Collect Money like Jay Leno Collects Cars
Apr24
Now you can have more money easier
Apr23
Here’s a Quick Way to get paid faster
Apr18
WHY did Imus become bigger News than the Soldiers Dying in Iraq?
Will Ferrell on Unfair Debt Collection Practices
How to easily Get rid of non-paying customers once and for all.
Apr17
Little known ways to get paid quicker.
Here is a Method that is helping businesses to collect more money
Apr12
The Secret to Collecting More Money
Apr11
The Ugly Truths about Collecting Medical Bills
Apr10
Debt collections on YouTube?
Who else wants to get paid?
Apr 9
Top 10 Tips on Phone Collections
What do Cats and Debtors have in Common?
Can you pass this Top 5 Collection Test?
Apr 3
Common Collection Terms and What They Mean.

« March 2007 | Main | May 2007 »

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