LocateSmarter Adds Bankruptcy and Deceased Products

CEDAR FALLS, IA – Today, data company LocateSmarter announced the launch of its new bankruptcy and deceased products. These products are aimed at identifying individuals who have either passed away and/or filed for bankruptcy – two things that may prevent the repayment of debts owed or require special treatment in a collections environment.

Bankruptcy filings and deceased records can have a monetary effect on businesses when not identified or properly treated. Contacting a bankrupt or deceased individual could result in a consumer complaint and violation of the Fair Debt Collection Practices Act. Conversely, if an account is falsely identified, the business could miss a revenue opportunity and misallocate resources.

LocateSmarter President, Chad Benson, commented, “At LocateSmarter, we pride ourselves on providing the most accurate and high-quality products. To ensure our customers receive the best possible data, our bankruptcy records are validated and standardized, and our deceased flags are matched using a social security number. Our products will help reduce the number of false positives and false negatives returned to our customers.”