What’s involved in debtor tracing?

There are many reasons why you might be chasing a debtor – whether you’re a landlord chasing tenants for rent, or a commercial lender owed interest on a loan, there are specific steps you need to take to recover the debt legally and efficiently.
Contemporary technology makes it easier today to trace your debtor than ever before, but you also need to make sure that everything you do is legally in line with your rights as a creditor.

If you’re owed a debt for 6 years or less, you can issue a debtor with a statutory demand without the help of a lawyer. If the debt is over 6 years old, you should seek legal advice on how best to proceed. But what if you’ve lost contact with the debtor and are unsure of their location? Here’s everything you need to know about tracing a debtor, so you can recover monies owed as soon as possible.

How to trace a debtor

If the trail has gone cold on a debtor and you’re not sure what your next move should be, the best thing to do is get professional assistance with the matter.

With the help of specialist investigators, many debtors can be traced with relative ease. At Able Investigations, our debtor tracing team are highly experienced in finding people that no one else has been able to trace. We operate in a team of private investigators who work with a comprehensive database, allowing us to access information and files that you won’t find through your own web browsing.

We’ve been able to trace debtors that haven’t appeared on the electoral roll, utility databases or aren’t registered as tenants or homeowners using our vast experience.

Simply get in contact with one of our team about your situation, outline the necessary details of the debt and your current situation as a creditor, and how you wish to be contacted throughout the process, and we’ll take it from there.

Tracing a debtor legally

While you might be owed a very large sum of money, it’s vital that you undertake your tracing of a debtor in compliance with the law, as this will keep your record clean and give you a watertight approach – both of which will make it easier to retrieve the debt and get on with your life.

Using a reputable middle man is the easiest way to ensure you’re doing everything according to law. Able Investigations comply with Data Protection regulations and have a 99% success rate in recovering debt across multiple databases.

Debt that is over 6 years old

If you are owed a debt that is older than 6 years, you may have run out of time to collect the debt through court. This debt will be classed as statute barred debt though there are some exceptions such as mortgage shortfalls, income tax and VAT. If the debtor has made contact with you in the last 6 years, or paid some kind of payment in this period then you may still be able to get a court judgement for it to be returned.

In this day and age, it’s almost impossible to avoid leaving a trace of some kind, and home and business addresses of your debtor(s) will undoubtedly be able to be found. Trust Able Investigations to get the job done efficiently and discreetly. After we have traced a debtor, we provide reporting that can be used as evidence in court so you can recover all the debt you’re owed.

Speak to us today about your situation by calling us on 0345 366 0000 or you can use our contact form and we will get back to you.

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