COLLECT your unpaid debt, new or old, with the same products used by
government agencies. SKIP-TRACE and LOCATE individuals from
their credit reports, assets, existing bank accounts, DMV records and/or
public records. SEND collection letters, past-due letters
and e-mails instantly.
How do I collect unpaid debt?
Most
individuals with a collection past are hard to find and intentionally
move from place to place. Skip tracing products are essential when trying
to find these individuals. Once located, methods for collecting debt include
letters, recurrent phone calls and/or legal action. Collection letters
and/or "bait" letters may also be sent instantly from CIC Mortgage Credit
Inc.. A third party agency may also be employed to handle the complete
collection process.
What is skip tracing?
Skip tracing
is the practice of locating hard-to-find individuals. This is achieved
with searches, social traces, credit reports, asset searches and/or public
records. These searches can result in direct hits, past and present contact
information, traces of activity, contact information of relatives and
neighbors, civil suits, public records and/or motor vehicle registration.
What credit reports are available for
skip tracing?
Credit reports are also very useful when skip tracing.
Each consumer bureau has its own social tracing product; however, the
People search is more economical and searches two of these databases.
Other credit reports are specifically geared toward collections. If you
need a credit bureau specific product, each bureau has its own set of
collection reports.
When should I use a third party?
If your in-house collection efforts have exceeded 90 days
or your business is not equipped, it may make more sense to use a third
party agency. With our collection services, a full-service agency is employed
to collect your debt. An individual is usually more concerned about the
effects this may have on their credit report when a third party is involved.
With our services, all data is automatically reported to the credit bureaus.
