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Nov 1, 2017

Skip Tracing Missing Debtors – What is in a Name?

Skip tracing missing debtors is a topic that often pops up in our news feed. This is deliberate. Attention to detail is an integral part of finding missing persons in Australia, although the term ‘skip tracing missing debtors’ can be confusing. We even had a dumpster company call us when their waste container went missing. For the record, we found it where they left it.

Unpacking the Words ‘Skip Tracing Missing Debtors’

In case you are wondering, the name of the waste containers we call ‘skips’ comes from the old Norse word ‘skeppa’ for a basket. ‘Skip’ tracing missing debtors relates to pioneering days, when Australian commerce was largely unregulated. If a fellow did not feel like paying off a debt, he simply moved to the next town.

To complete the English lesson, ‘skip’ in that context relates to moving or proceeding with leaps and bounds like a child playing hopscotch, and leaving hurriedly or secretly without paying a bill. These types are a notorious pain to business, and form one of the largest categories of missing persons in Australia.

Scoping the Problem: How Large is Australia’s Household Debt

If your business faces rising bad debt, you are not alone. Earlier this year, The Guardian explained ‘how Australian households became the most indebted in the world’ when they beat Denmark’s record as ‘the world’s most indebted household sector relative to GDP’.

This massive debt is mainly in mortgages secured over fixed property, making servicing unsecured consumption debt a lower priority. We have a dedicated team fully occupied with chasing these debtors down. They are the hard ones to catch. The banks have an easier solution: they can foreclose on the home, resell it, and get (most of) their money back

If you are in business, and considering selling your debt book for a loss, you should speak to Missing Persons in Australia first because we have had remarkable success with skip tracing missing debtors, and finding all kinds of missing people Australia wide.

How to Contact Us and Skip Trace Your Debtors Soon

We have a specialist team who are experts at skip tracing missing debtors. The prospects are good they will be able to help you too – especially if you alert us to the problem soon. You can call us on 1300 553 788 or find us on Facebook. We skip trace missing debtors and we will do our best to find yours too.