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Posted over 7 years ago

Rule #3 Skip Tracing - You pay for what you get

I work with companies like Experian, Lexis Nexis, Equifax, and Core Logic on a daily basis.  I have negotiated contracts and even helped design products with some of these companies so I am familiar with how they operate.  In fact, I used this inside knowledge to start my own company.  I will share a little bit of that knowledge with you here today.

Let me start by saying if you are serious about skip tracing do not waste your money on sites like: BeenVerified, Whitepages, Intelius, Peoplefinders, Truthfinder or any other site you can enter your credit card number and gain access to data.  They are all garbage!  

Companies like these purchase/collect consumer data from public records, other businesses, surveys, or just about any place they can get their hands on data CHEAPLY.  And once they get their hands on the data it is not updated regularly if at all.  You may get lucky and land a good number or two but in most cases that person has had the same information for quite some time.

The best data you can buy comes from credit bureau headers, utility companies, directory assistance, phone companies, and regularly updated public records.  Anytime someone applies for a credit card, auto loan, or anything that may involve a person's creditworthiness for that matter this data is collected and sold to companies like Lexis Nexis, TLO, and Thompson Reuters.  These files can be updated daily, weekly, monthly, yearly, etc. The daily updates are the most expensive so the more they pay for the data the more you are going to pay.  


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