More Accounts, More New Collectors…More Skip Tracing

Skip tracing is a high priority in any collections environment, and developing this skill set in your staff is absolutely critical.  It will be even more imperative to have a retooled skip tracing strategy as new accounts flood the ARM industry in the midst of economic recovery.

With charge-off rates still near historic highs, creditors will be farming out more work to debt collectors and selling more accounts to buyers. As unemployment (hopefully) declines, the accounts will be much more liquid. Contacting the right party in the most efficient way possible will be imperative.