When someone owes you money, no one ever said they had to make it easy to collect. Debtors have been developing new ways to dodge their debts for as long as anyone can remember. In turn, collectors across all industries have had to develop methods of collection. One of a collector’s greatest assets in this modern age is an independent private investigator. While collectors deal with the paperwork, private investigators do the legwork, using proven methodology to unearth the hidden assets of debtors in arears.
Private investigators work with some of the same tools and the same methodology as law enforcement when looking for debtor assets. As part of their licensure, private investigators have access to verified databases that allow them to develop comprehensive, cross-referenced background profiles on a Subject in any investigation. Private investigators have diverse experience in analyzing a person’s criminal, financial, address, and litigation history in order to build a contextualized picture of a debtor’s circumstances. Private investigators can unearth unseen assets like property, financial accounts, vehicles, and other valuable assets that have been previously concealed. Human sources are less common in asset searches, but private investigators also have the training to build rapport and garner testimony from relevant human sources in the case. Private investigators are also highly skilled in obtaining and reviewing litigation records to document a debtor’s history of litigation in a court of law. Pervasive lawsuits, especially involving large judgements, can be a red flag in an asset search investigation.
Social media has become a more valuable resource than ever in many types of investigations. The amount of information people unwittingly give away on social media is staggering. Private investigators can get information about the sale of personal belongings, photos of assets like property and vehicles, and can document the type of lifestyle a debtor is currently enjoying—like lavish vacations or expensive home renovations. Private investigators carefully document their findings to compile into a thorough report for the client as another building block in their case against the debtor in arears.
If you’re a collecting party trying to reap your due, don’t hesitate to reach out to private investigator for a quote on their asset search services. Through open-source intelligence and transparent investigation methods, private investigators can get to the bottom of a debtors hidden assets.