CIP Skip Tracing & Debtor Location

Question 1

What is 'skip tracing' in the context of debt collection?

Accepted Answer

The process of locating a debtor who has moved without providing a forwarding address

Answer

The process of writing off uncollectable debt accounts

Answer

A method for calculating interest on overdue accounts

Answer

The legal process of filing a lawsuit against a debtor

Question 2

Which federal law primarily governs how collectors communicate with third parties when seeking location information for a debtor?

Accepted Answer

The Fair Debt Collection Practices Act (FDCPA)

Answer

The Truth in Lending Act (TILA)

Answer

The Equal Credit Opportunity Act (ECOA)

Answer

The Gramm-Leach-Bliley Act (GLBA)

Question 3

In collections terminology, what does the term 'skip' refer to?

Accepted Answer

A debtor who has moved without leaving forwarding contact information

Answer

A debt that has been legally discharged in bankruptcy

Answer

A payment arrangement that allows a debtor to defer one payment

Answer

An account that has been transferred to a different collection agency

Question 4

Which of the following is a leading data aggregation platform used by collection professionals to locate debtors?

Accepted Answer

LexisNexis Accurint

Answer

QuickBooks Online

Answer

Salesforce CRM

Answer

Google Analytics

Question 5

What type of information do 'credit header' files typically contain that makes them useful for skip tracing?

Accepted Answer

Name, address, Social Security number, and date of birth

Answer

Detailed credit scores and full payment history

Answer

Employment verification and current salary information

Answer

Court judgments and bankruptcy filing details

Question 6

Which of the following data sources is generally considered most current for locating an individual's residential address?

Accepted Answer

Utility company connection and service records

Answer

A 10-year-old public record filing

Answer

A voter registration record from a prior decade

Answer

A school enrollment record from five years ago

Question 7

What is 'address verification' in the context of skip tracing?

Accepted Answer

Confirming that a postal address is deliverable and currently occupied by the targeted individual

Answer

Filing change-of-address paperwork with the postal service on behalf of a debtor

Answer

Verifying that a collection agency has a licensed and valid business address

Answer

Confirming that a debtor's legal representative has a registered office address