Banks and other financial institutions exist for quite a
number of reasons. One of their main reasons for existence
is to provide credit to its customers. This as it is known
is risky business. Although these institutions have their
own ways of making sure that all credit they give out is
paid, there are a few individuals who give these
institutions a hard time while others go missing with unpaid
Individuals can go missing with amounts of money that has
been loaned to them. Besides this, there are other reasons
why an individual can go missing. They include:
· Crimes committed
· Crimes witnessed
Repaying loans can at times prove to be a challenge to
individuals when all sources of income run out. You are
aware that at times people who have loans may lose their
only source of income and this may be a challenge when it
comes to repaying loans and other finances that may have
been given to them by different people.
When things get tough for someone and they are unable to
repay their debts, some opt to face their problems head on
by informing their lenders and are very apologetic about it.
They do their best and sit down with their lenders to come
up with a plan on how they will settle the money they are
owed. Others on the other hand who have a dishonest
disposition may decide to take the easy way out and run away
so that they can avoid all the troubles. This is where the
creditors may opt to hire the services of a professional
skip tracer to try and track down the individual.
Banks and lending institutions often find themselves in
situations where they need to track down someone who has
gone missing with their money. When this is the case, they
acquire the services of a Skip tracer.
A Skip tracer is an individual that performs the task of
Skip tracing. Skip tracing is the process used to locate
someone’s whereabouts. The whereabouts of an individual may
be unknown for different reasons. It is not necessarily
because the person is avoiding paying back his debts.
There is no formal training required for one to become a
Skip tracer. Anyone interested in becoming one needs to make
learning about state and federal laws a priority. One will
need to have knowledge of state and federal laws regarding
surveillance. The fact that there is no formal training
required for one to be a skip tracer, training is usually on
the job. Good computer systems knowledge and good
communications skills are required for one to achieve
success in this profession
A professional Skip tracer can work for:
· Bail bond agencies
· Debt collection agencies
· Private investigation firms
Formal training can be achieved through attending workshops
and seminars which are offered through professional
How is it Performed
Skip tracing is generally performed by collecting as much
information as one can get on the individual in question.
All information gathered is then analyzed, verified and then
used to determine the location of the individual. Before you
start tracing the individual, it is important to establish
whether the skip (the act) is intentional or unintentional.
The individuals who go missing because of bad debts or
because of any criminal act are generally intentional skips.
Search cases may get a bit difficult to discover because the
individual knows they are wanted and they will do their
level best to cover their tracks. They will know how and
where to hide and how to avoid being found and this may
become a challenge to the skip tracer.
Nowadays, most skip tracers rely on the internet to gather
information on the whereabouts of the culprit. This can be
quite helpful although one can also employ social
engineering. This is the art of calling on individuals who
may have any information on the whereabouts of the subject.
This job can be hard but there are two things which can make
it easier. These are search and contact. You can search
everything you can about the individual you want to trace
using legal ways. You can do this by obtaining their
previous addresses, contacting close relatives, contacting
former employers or using possible legal ways.
This search will not give you an exact location of the
individual but it may give you clues and patterns of the
individual which will get you started.
When doing their job, skip tracers can often involve
accessing the following:
· Credit reports
· Credit card applications
· Job applications
· Phone number database
· Loan applications
· Public record database
· Public tax information
· Department store loyalty cards
· Courthouse records
· Driver’s License or vehicle registration departments
· Air travel records.
Information you may get from the above sources can be quite
helpful in tracing the individual. Some of the information
can be of recent activity that the individual may have
embarked on and this can give you clues and draw you closer
to finding the person.
By looking at the paper trail the individual may have left
behind, you can make good progress in trying to find the
person. Credit card information can provide a lot of
information on the person. By noting which areas the person
has used their credit card, you can get helpful information
which can bring you closer to finding the individual.
Account transactions can also be used.
The information you may need can be publicly available while
some may be restricted information. In case the information
is private, you may need a search warrant to enable you
access the information.
No one wants to deal with chasing a person who owes them
money. Not even the lending institutions. If all were asked,
they would greatly prefer when the agreement is concluded
well. But every once in a while people and lending
institutions will have to deal with skippers. But with a
good search, chances of finding the culprit and bringing
them to justice are high.
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