Debtors who default on their financial obligations often leave creditors holding the bag. They pull up stakes, move to a new address and even change their phone number to evade collectors attempting to get payment. They deliberately leave behind no information regarding where they are going and how they can be contacted.
Even debtors not intentionally trying to evade collectors can be hard to find. Each year, tens of millions of people in the U.S. relocate. In fact, statistical data show that the average American moves once every five years.1
According to the U.S. Postal Service, almost 30% of all undeliverable-as-addressed mail is from people moving to a new home and not leaving a forwarding address or leaving the wrong address.2
The result is that in our highly mobile society, consumer data is continually changing. Addresses, phone numbers and workplaces change frequently, making it hard for collectors to connect with debtors. To be effective in tracking down missing individuals and businesses to potentially recover any funds, they need the right skip tracing tools and reliable data.
The LexisNexis® Accurint® for Collections: Contact and Locate Workflow helps you streamline your skip trace efforts. It combines the power of robust data from thousands of proven sources with propriety linking technology to deliver fast, accurate data on people and businesses. It helps you locate even hard-to-find debtors and reduces wrong-party contacts.
With intuitive searches and links to valuable consumer data, it delivers far more than phone numbers and home addresses. Contact and Locate can expand your research to include additional details such as:
Having the most up-to-date information and expanded search capabilities right at your fingertips will help you to maximize your debt recovery success. You can learn more about the LexisNexis® Accurint® for Collections: Contact and Locate in our new video.