Skip Tracing Services and Resources

How quickly can your collections team locate the right party? According to a recent survey of collections professionals:

• 38% take more than 2 weeks on average to locate an individual
• 21% spend more than half their time manually skip tracing

If this skip-tracing process sounds familiar, it’s time for a new strategy.

Innovative online skip tracing resources

The more accurate information you have on a consumer, the more effective your collections process becomes. Skip tracers have embraced innovative skip tracing tools that help them reach the right party, and according to the study:

• 98% believe advanced search technologies and databases help them collect more and be more efficient
• 95% have improved their right-party contact rate since using online databases and sophisticated technology—for 27%, it’s more than doubled
• 83% can find the right party contact in minutes using online skip trace databases

As a collections organization, you’re probably constantly looking for ways to collect faster and more often, while reducing expenses and ensuring compliance. Skip tracing services from TransUnion can help you do just that.

Leading edge locater

TLOxp is a skip tracing solution that provides fresher, timelier right-party contact data so you can reach consumers earlier in the collections cycle and recover more dollars.