Should I Hire a PI Or a Skip Tracer?

Should you hire a Private Investigator or a Skipbanking information.
Tracer? That is a question that you shouldSkip tracers are able to locate a debtor using
consider whenever you wonder if you should hirevarious methods including the internet, computer
a Private Investigator (PI).software, talking to relatives/friends of the
In some situations, a skip tracer can get thedebtor, etc. Of course much of their information
information you want for much less than what ais obtained by careful and limited lying. Lying for
PI would have to charge. It all depends on whatskip tracing purposes is called pretexting.
you need the information for.A large amount of skip tracing is done using
If you need to research a bank account number,deceptive pretexts. This means skip tracers
a cheating spouse, a bail jumper, or anyone elsecannot obtain a bank account number. If done
for humanitarian reasons, you will need to hire aproperly, pretexting is legal. Of course you can't
PI.pretend you are a law enforcement officer. If
If you are a judgment enforcer, a repossessionyou want to use pretexts to do your own skip
company, or a collection agency, and need totracing, research the laws that may apply.
locate someone, their assets, or their incomePIs can also do basic skip tracing work, but it is
stream, for the purpose of collecting a debt, youmore expensive than hiring a ST. Sometimes you
may not need a licensed PI. You can save moneywill need a PI, but sometimes you can save
and hire a Skip Tracer (ST).money with a skip tracer.
Skip tracing is legal when it does not involveMost skip tracers do not work for original
performing video surveillance and spying on thejudgment creditors. They only work for judgment
debtor, or using false pretenses to find specificenforcers, collection agencies, and repossession
banking information.companies. Most charge fees up front, and one
It is perfectly legal to find out information formust pay even if the skip tracer produces no
your own legitimate purposes. As an example, auseful information.
repossession company is allowed to spy on aThere is at least one company that charges
debtor for the purpose of repossessing theirjudgment enforcers on a contingency basis. They
vehicle, without being a licensed PI. However, ifonly charge if the judgment enforcer is able to
you need someone to actually spy on a person orrecover a profitable payment from the debtor.
a company for you, you need a PI.Contingency skip tracers work continuously with a
If you are a legitimate judgment enforcer, ajudgment enforcer, gathering research on the
repossession company, or a collection agency,debtor or their assets until the judgment enforcer
you can safely hire a ST to find a debtor or theiris able to seize assets. Contingency skip tracing is
asset stream, with the exception of their specificthe wave of the future for judgment enforcers.