The Types of Instances that Require Skip Tracing

New Jersey-based collection agency Kramer & Associates provides leading debt recovery services for its many clients. From its headquarters in Hackensack, NJ, the firm helps businesses and individuals obtain the payments they are owed. Thanks to its talented personnel and skip-tracing technology, Kramer and Associates have a track record of high recovery rates.

The ability to locate individuals who have changed their contact information is an important ability for a collections agency. Therefore, skip-tracing tools that help locate these individuals is of particular importance to the agency’s operations. When tracking down these individuals, there are a number of things that should be kept in mind.

First of all, each situation is unique. Some individuals have not skipped on payment on purpose. They may have relocated for a job or because of a family situation. They may not even be aware of the outstanding debt in their name. Therefore, it is important to approach these individuals in a way that professionally alerts them of the situation and is conducive to reaching an agreement. Other individuals may be intentionally avoiding collections efforts. Some of these individuals are experiencing financial difficulties and hide because they don’t have the ability to pay. Offering a payment plan can be of help when resolving these situations. Finally, some individuals cannot be located due to fraud. These situations are the most difficult to resolve and often require assistance from additional parties.

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