How To Find Someone Who Owes You Money

How to find someone who owes you money.

 Finding people who owe you money can be frustrating, finding that they have moved address but not informed you can obviously lead to many problems.

You can use people search companies to locate debtors but what can you do to protect yourself?

Well, there are steps to take to ensure that if you are owed money you maximise your chance to get it back.

Firstly it is important that you collect as much information on the person or company that you are going to put on a 28 day invoice, the more information you have the easier your people search will be. You can’t take stop debtors from moving but what you can do is put yourself in a position to provide a people finder company with as much detail as possible to help trace debtors, or even better have enough information to trace debtors yourself. Debtor tracing can be done quickly and cheaply if you have the correct information.

The list below is information that you should obtain about a person or company before offering credit terms

• Always make sure you have their full name, including any middle names
• Always make sure you have the debtor’s date of birth.
• If a small business owes you money make sure you have the owners home address, small businesses can move around, time and time again we see debt built up at an industrial address such as Unit 10 for example and then they disappear. If they have stopped trading you need to chase the owner of the business so you need very much to have the owner’s home address.
• Don’t be afraid to ask for partners name, business or life.
• If it is a company it could be worth doing a company credit check.

You must remember you have the power to ask these questions before you carry our any work, if they have the goods and won’t pay you are in a very vulnerable position, you need to get the details when you have the power, when you can ask for anything and if they are genuine they will have no problem providing it, if they won’t provide information then you can be sure there will be a problem later on.

It is so important to do this.

You should also look at getting a consumer credit licence should you offer credit terms, if you do you can legally pursue debtors for any money owed. The key in any situation where work is done and then provided before payment is received is to get the information that you will hopefully never need but should you, you will be very grateful.

Debtor tracing is a much easier task when you have lots of information about the debtor, different debtor trace systems ask for different information so if you can furnish these systems with the correct information then you will greatly improve your chances of finding a debtor. If you are searching for a person who owes you money you could try our debtor tracing service. We hope we have helped you learn how to find someone who owes you money.

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