Skip tracers generally work on behalf of a loan company in order to locate people who have defaulted on loans. They conduct investigations using databases to search system records and find addresses, phone numbers, and other relevant information. This may also involve searching the internet, telephone directories, credit reports, and public and mailing records.
Skip tracers must make calls to attempt to reach these individuals, and may need to contact family members to determine the loaner's whereabouts. Those in this position must be highly organized and proficient with computers in order to organizing leads using internal databases, spreadsheets, and other means. Strong internet research skills and proficiency with Microsoft Word and Excel are essential, as well.
It is important for skip tracers to stay up-to-date with all laws and regulations relating to the collecting of data so their work stays fully legal at all times. It is often necessary to work weekend shifts in this position, and there may be goals of productivity which must be met. Commission may be offered depending on the employer, and strong communication skills are also important. A high school diploma is usually a minimum requirement, and some jobs require prior experience while others provide on-the-job training.
Skip Tracer Tasks
Maintain documentation of all accounts and negotiate payment terms.
Locate delinquent accounts and collateral through extensive searches.