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SKIP TRACING |
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T
he ability to locate an
individual depends on several factors. These include: type of skip
(debtor vs. friend), length of time elapsed, and available resources.
With the advent of the Internet, there are an abundance of resources
accessible for skip tracing.
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Many
of our clients ask, "What exactly do you do to collect our money?" or
"What does the collection process entail?"
W e begin by
mailing your debtor our "First Notice" the same day the placement is received. This letter notifies the consumer of the debt and explains
what their rights are if they dispute the debt. Seven days later our telephone collectors will contact
them by phone. The consumer is informed that this collection account will be sent to the Credit Bureaus
and they are made aware of how it will adversely affect their credit scores. Our collectors use a positive approach
by explaining to the debtors how important their credit is and how we can help them improve their
credit worthiness by working with us on their collection account.
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 O ur
course of action is to motivate the debtor to pay. This is accomplished through a series
of proven collection letters and telephone conversations. Each debtor is different and
what motivates one debtor may not motivate another. For some, it is their credit score, for
others it is a sense of responsibility. Our collectors are highly skilled in discovering
the underlying motivational factor.
Many times a debtor is willing to pay the charges if they could only be located. Our skip
tracing department has the techniques and resources to locate even the hardest to find debtors.
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HOT CHECKS |
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T he Texas Hot Check fee is $30.
(This varies by state) When we collect
your bad checks for you, we add that fee to the face amount of the check.
We then charge a 35% collection fee on only the checks collected. |
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Our SKIP TRACING DEPARTMENT uses a variety of collection and locating
products offered by
Experian and Trans Union,
such as Social Security Search and Address Verification.
Another excellent avenue of locating home owners is through most County Appraisal
District's internet web sites which are available to the public.
Click here for an example. For a nominal annual fee you can
discover a vast amount of information
about someone at:
publicdata.com including driver's license information, criminal records and civil court filings.
A great free "People Search" web site is
searchbug.com. where you can find people by name, address or telephone number.
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T he majority of our check clients who
accept small checks, (e.g. fast food restaurants, convenience stores, and retail
stores) recieve back more than the amount of the original check.
For example, a typical collection for a $20 check, our client would receive
$32.50 which is an additional $12.50 over the face amount of the check. $20 + $30 (hot check fee)=$50 collected x
65% (our client's portion) which gives our client back $32.50 for his original
$20 check.
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