When debts get tough, the tough get tracing.

Are you one of the thousands of businesses in the UK facing the serious problem of uncollected debt? Debtors cost small and medium size businesses hundreds of thousands of pounds every year. But why does debt go bad and how can private detective firms help you with debt collection?

When The Trail Goes Cold

When a creditor considers a debt impossible to collect they may write off that debt as ‘bad debt’. In many cases the creditors may simply not have the correct contact details for the debtor and the resources to locate them, making the debt collection process difficult to start.

Debtors can move house numerous times especially if renting and their information can take months to be updated even after a recent move. They may relocate abroad taking their assets with them, making contact and collection almost impossible for the average small business.

Call The Specialists: The Private Detective

If you have ‘lost’ your debtor and have bad debt sitting on your books, then the professional services of a private detective company can help.  General debt collectors can be effective if you know where your debtor actually is but detective agencies are at the front line of debt tracing.

With their specialised knowledge, tools and contacts the private detective firm can apply a wide range of covert tactics to trace and track your debtor. Many private detectives are already experts in surveillance, tracing missing people and corporate investigation including paper trails.

A Debtor Abroad? It's No Holiday

Should your debtor have skipped overseas then the typical detective firm will have developed and maintained important contacts abroad. They will be able to utilise these international channels of communication and cultivate dynamic leads to help trace your debtor.

Detective agencies also understand the need for discretion. You may not want others to know you are debt tracing and recovering bad debts. More importantly you may not want the debtor alerted to your debt collection activities so they can attempt to disappear again.

So before you write off that debt consider first the debt tracing skills of a professional detective firm, and start collecting the payments you are rightfully owed, today.