The cost of skip tracing can vary greatly depending on a number of factors, including:
the amount of information available about the debtor.
the complexity of your specific skip trace and your debtor; and
the resources and methods used to locate your debtor.
Some missing person tracing companies charge an hourly rate for their services, while others may charge a fixed fee or a percentage of the debt being collected. At Advance Debt Collection we charge a single flat fee + the cost of the searches.
It is important to keep in mind that the cost of a skip search may be significantly less than the cost of not locating your debtor, especially in cases where the individual owes a significant debt or is involved in legal proceedings.
In these cases, the cost of skip tracing may be justified as a necessary expense in order to resolve the issue and protect your interests.