I might have gotten into this slightly in the negotiation article, but more importantly there is an expense sometimes in skip tracing that comes up more often then not. Fortunately for us we only followed through with something like this a few times on very complex straw purchase skips that saved us a possible weeks worth of work.
While searching for the debtor, you may contact family, you may contact friends, you may contact employers and while you never mention for what reason as you are not allowed to disclose or talk about someone else’s debt with anyone but the debtor’s themselves. However with that being said, many times if not almost all the times when you contact a friend, you don’t even have to say anything and they will automatically know. These so called friends will try to make a deal giving out an address. They will say “i’ll tell you what, i’ll give you a good address for a hundred bucks.” This type of offer can be tempting to many complex skip tracers. Not that they cannot find the unit themselves, but the fact that it really will save a bunch of time and to in reality that is part of skip tracing. There is no book or rule on how you got an address as long as you find it, however with that comes an issue. The issue is that if you are doing cheap skip tracing for lets say $300 or $500 and you are considering a an address for $100.00 it can be more then 1/3 of the total income. In some cases the skip tracer will want to call the finance company for permission of reimbursement, but if you do that, the finance company is thinking why in the hell they hired you to begin with if all you are doing is paying someone else for the address.
This might hurt your credibility and also it might give them the idea to try that first before giving you a skip next time. These finance companies have in house skip departments, mind you not a skip department you would working on finding your collateral if need be but they do have them. Doing this for an extra hundred might end up costing you in the future.
The last thing you want to do is educate the in house finance companies on how to do their jobs better so they will end up competing with you if they are small time car skips.
I say pay it out of pocket or tell the so called friend (imagine your friend diming you) to do it for half and its a deal.