Without a doubt it is effective. In a poor economy people still have vehicles. Credit apps may not be verified as auto financial institutions are just trying to stay afloat that some of their people are putting bad loans on the books. Can you tell if someone is going to skip? I think so and many times it is so blatantly obvious. People are not trained too well to review a credit report or an accurint report. How many time in the last few years has someone moved around? Changed jobs? Changed landlines or cell numbers? Ask these questions.
If the answer is too many then you have an obvious problem. It is a given that people want to remain employed. I know that I do.
Having been in this business for 30 years I can tell you that people are creatures of habit, they stay in the same occupation, because if they try to change careers they get offered $10.00 per hour in a telemarketing room. Not fun and not going to get rich there.

Avoid the problems and have an experienced trainer come into your company and teach your employees how to avoid the problems that you will be faced with. As an expert in the field of skiptracing we can teach your team what to look for so that the loans that they are underwriting don't wind up in collections or the repo yard.

Knowing what to do before it happens is worth it. Don't wait till you are losing money to act.