Debtor Tracing
‘Untraceable Debtors’ led to over £5,000,000 of outstanding debts being written off in the UK last year. This is often caused by debtors absconding and leaving no contact details. Don’t write off debts without engaging a professional debt collection agency to engage in debtor tracing.
Who Offers Debtor Tracing In The UK?
Debtor tracing is a specialist service offered by a large number of debt collectors in the UK. They will offer this service to trace personal or commercial domestic debtors and international business debtors that have avoided contact with you. These agencies will initially establish your debtor’s new location before beginning proceedings to collect the money owed to you.
What Is Debtor Tracing?
This service leverages a collection agencies network, tools and skillsets. The first step to settling outstanding debts from an absconded debtor is to establish their new location. Starting from their last known address a number of tools will be utilised to trace them to their latest location.
A variety of government databases, local agencies, advanced software, tracing tools and council records will be used to trace your debtor as fast as possible. These sophisticated tools track them down so that your collection agency can begin proceedings immediately. Following a County Court Judgement (CCJ), debtor tracing is an essential process.
By using reliable government databases and external credit databases we can link a debtor's recent activity to addresses and phone numbers registered to them. Your debt collection agency will ensure that all tracing procedures are legal and abide by the UK debt collection laws.
Some agencies that are able to begin the debtor tracing process will only require very basic information including the last known postcode, first name, surname and date of birth (D.O.B). This is then cross-referenced to real-time credit and council databases. This combination of data sources offers a very effective way to locate individuals that have fallen under the radar.
Debtor Tracing Options
A variety of debtor tracing options are available to creditors and each option has unique benefits:
Continued Tracing & Tracking: Alerts are set to update a creditor to any changes to a debtors address or credit activity.
Debtor Contact Tracing: All linked telephone numbers and contact details are provided to the creditor.
Debtor Profile: A full debtor profile is provided including contact details and recent activity. This is often required to begin the debt recovery process.
We offer a completely free service that introduces you to a number of specialist debt recovery agencies to suit you.
