Having been in the collection and skiptrace arena for the last 30 years with a priome focus on skiptracing I have found that many folks just don’t take the time to do it correctly. Many debtors and vehicle can be found in 10 minutes, while others may take some time.
When going out for the hunt many repo agents will go to the addresses supplied on credit applications and if they do not see the vehicle then it does not exist. If the credit grantor takes the time to properly skiptrace their debtor then they can give confirmed information thus saving money in gas, and not having to pay the repo agent the high fees that they get while sitting on the account for sometimes perhaps months before it is recovered.
If training is necessary and it may very well be needed, please visit our website at www.skiptraceconsultants.com
We have also posted a blog at http://skiptraceconsultant.wordpress.com in addition to this one and on CT.
Thanks for the post, Rob. Question for you: Subprime lenders have definitely tightened their lending criteria in the past 18 months or so. Do you think they’re starting to let up again? Or are they just becoming more aware of the customer’s overall credit picture?