We use address verification services, which are databases that contain updated address information for individuals and businesses. These services can help us track down a borrower's new address if it has changed.
We may check credit bureau records to find any updated address information associated with the borrower. Credit bureaus collect and maintain credit-related data, including address history.
we may search public records, such as property records, vehicle registration records, or court records, to find information about the borrower's new address.
We may also use online resources, including social media profiles and internet searches, to gather information about the borrower's whereabouts. People share location information on social media platforms.
Since we also do private investigation, we locate borrowers who have defaulted on loans. This help us to access to various resources and techniques to track down individuals..
If we are unable to locate the borrower through other means, we may resort to legal action, such as filing a lawsuit or obtaining a court order to force the borrower to disclose their current address.
S It's important to note that we are subject to privacy laws and regulations, and there are legal limits to the methods we can use to locate borrowers. We must follow established legal procedures and respect the borrower's privacy rights.
If you are facing financial difficulties and are unable to repay a loan, it's generally advisable to communicate with your lender as early as possible to discuss your situation and explore possible solutions. Ignoring communication from the lender can lead to legal and credit consequences.