How is debtor tracing different from people tracing.
Introduction
If someone owes you money, it’s likely that you’re wondering how to find a debtor quickly and effectively. Unfortunately, as you may have discovered if you’ve ever tried finding debtors yourself, it can often be very challenging to locate these individuals, particularly because in most cases, they don’t want to be found.
When someone is intent on going under the radar, it can be extremely difficult to pinpoint their whereabouts. Undertaking a search yourself can often prove to be fruitless since there is a restricted amount of information available to you both off and online. This is where professional debtor tracing can prove to be so helpful.
By using a specialist debtor tracing company, you can give yourself the best possible chance of locating the person who owes you money and seeking recompense for the amount that you are owed.
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What Is Debtor Tracing?
Debtor tracing is a service that seeks to locate people within the UK who owe money and to supply information of their current residential address to those who are looking for recompense. It is a complex process that involves considerable expertise as well as access to extensive files and databases that are typically inaccessible to the general public, and this is why tracing debtors is best left in the hands of the tracing agent experts.
Is People Tracing A Different Service?
A lot of people believe that debtor tracing and people tracing are the same thing. However, this isn’t actually the case. Although both tracing services have some similarities i.e., they both involve finding a missing individual, debtor tracing is considerably more complex than people tracing. This is because most debtors are highly evasive and take additional measures to hide their details from public view.
People tracing is suitable for those who want to find a friend or family member that they have lost touch with, whereas debtor tracing is a far more specialist service that requires particular expertise in the field.
What Does People Tracing Involve?
People tracing involves many of the same elements as debtor tracing, but it is far less complicated. That is because when contact is lost with an individual, that person is usually not trying to go undetected. Information and details about them are, therefore, far more likely to be freely available through regular sources.
In some cases, people can find their missing friends or relatives themselves without any professional support simply by searching online and by using social media platforms. Even when a professional people tracing service has to get involved, the process of locating the individual in question is typically much simpler and much faster because their details are almost certainly going to be somewhere out there in the public domain.
Why Is Debtor Tracing So Complex?
When trying to locate a debtor, the reason for their disappearance is already known – they owe money and don’t want to pay it! Unfortunately, this reason makes it especially difficult to find a debtor. After all, these people usually incur debts and have absolutely no intention to settle them. In many cases, these people have don’t the same thing in the past and managed to get away with it since creditors all too often eventually abandon their attempt to recover the money they are owed.
While some debtors will continue to use their real names and simply attempt to evade detection by putting their bills into a roommate or partner’s name, others will take on other identities every time they move on, so they are even harder to locate.
The good news, though, is that no matter how evasive a debtor tries to be, it is still possible to find them in the end. The key is to use a highly robust debtor tracing service with agents who have extensive experience in this specialist market such as DebtTrace.
How Can DebtTrace Help?
DebtTrace is a specialist service that can locate debtors in the UK, however hard they try to avoid detection. Offering a 24-hour service, DebtTrace’s skilled tracing agents use a wide variety of methods and techniques at their disposal to find a debtor no matter where they may be located.
Finding the current residential address for your debtor is key if you want to serve them with legal documents in order to recover your missing money. With DebtTrace’s compliant service, you can be confident that you’ll quickly have the information you need to get started on legal proceedings and to take steps to get the amount you are owed returned to you.
DebtTrace’s agents have more than two decades of experience in the industry as well as access to an extensive array of open source and proprietary UK credit agency datasets. This enables them to confirm a debtor’s current address by cross-referencing recent credit agency activity data with cutting-edge desktop research.
Thanks to DebtTrace’s industry-leading team’s outstanding level of skill, the company has an unparalleled success rate of 98% when it comes to finding the current address for any given debtor, so you can be sure that the task is in safe hands.
Why Choose DebtTrace?
Unlike many other debtor tracing services that rely solely on Electoral Roll information or just one Credit Agency’s records to find a debtor, DebtTrace takes a far more comprehensive approach.
By blending manual oversight with details taken from numerous different data sources, DebtTrace can achieve an impressive success rate for debtor tracing with just a 2% margin of error – far better than the 23% success rate that comes from using just a single source and drastically reducing the high rate of incorrect outcomes such as historic addresses.
Even better, DebtTrace operates on a no trace no fee basis. That means that if your debtor’s current address is unable to be determined, you’ll receive a refund within seven days. With this in mind, you have nothing to lose and everything to gain from getting in touch with DebtTrace today and starting the process to find your debtor and get your money back.
Struggling with unpaid debts? Start recovering what's owed to you today.
Resources
Get a debtors financial information
Debtor tracing a complete guide