| SKIP TRACING:
Before extending any credit limit, a person is thoroughly checked, financially, physically, systematically and through various other means.........however, still, after some time, person just vanishes in thin air, giving hard time to collection team.
Can a person become invisible or untraceable without any cogent reason. To our understanding, many people shift their residence or office in normal circumstances, without any intention of becoming skip, but since they are not been contacted for their non payment over a period of time, they become complacent or should we say, have some incentive in non payment.
There are many other reasons as well........like customer shifted in near by area or address updated in company database is incorrect and the collection executive because of certain other pressures, did not gave enough attention to trace the person for recovery. Over a period of time, successive agencies brand a person Skip because others have done so.
In few cases, person have intention of skipping after taking multiple loans, there too they apply with different address in other companies.......or atleast they leave some traces......
A person provides following important information, while availing any credit limit.
Application Form with reference
KYC Documents
PAN Card
Income documents
Banking Documents
Additionally, Verfication report, internal tele calling report etc. records various conversation with applicant.
Similary, a person / associates / accomplice applies in many name in different companies, providing multiple addresses....
Even they leave their contacts with neighbours or associates or trade references.
Thus, there will always be various ways in which a person can be traced, however multiple check are required, a dedicated team with focus supervisor with task of finding a person through various forensic (Skip Tracing Techniques) with a geographical network spread across the state can certainly track down a person anywhere in the state or atleast can asceratin the latest contact details if a person has moved out of the state.
To know more about Skip Tracing Activities, Techniques............ contact us.......
Kpbpo Team.
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