WHAT IS IT?
Asset tracing is a process used by debt collection agencies
It is also used by investigators and other professionals to locate individuals who have become difficult to find or, sometimes, who have intentionally gone into hiding. It involves gathering and analysing credit bureau data, such as postal addresses, email addresses and phone numbers, to track down a person’s current whereabouts. Asset tracing is employed principally to locate the current whereabouts of bank customers. Our tracing tools also help us to identify assets against which legal judgments can be enforced. All of IDR Worldwide’s tracing tools are GDPR compliant.
Our Process
Step One
We send you a letter, email or SMS detailing your account situation and inviting you to get in touch with us.
Step Two
Get in touch. Everyone’s situation is different and we are here to help you work towards agreeing an affordable repayment plan based on your individual circumstances. You will have a single point of contact the whole time you are with us.
Step Three
Complete our budget calculator on our website (or we can email this to you if you prefer). This will help us to calculate what you can afford to repay based on your current financial situation.
Step Four
We work with you to agree a repayment solution which is affordable. We continue to support you throughout the repayment process and provide written confirmation when your debt has been cleared.
