How to Find Someone Who Owes You Money

How to find someone who owes you money is something we are asked about all the time. We are often asked to recommend a debtor tracing service that is legal and reliable so we’d recommend FinderMonkeys Debtor Tracing Service.

This site is all about finding people for free. It offers help and free advice to help you find the people you have lost touch with. The right place to find a person.

How do you find someone who owes you money is a difficult question to answer but we will give it a go. Debtors are more difficult to find than old friends, I guess this is obvious. A debtor will not be so quick to add themselves to places where they can be found such as the edited electoral roll. Debtors tend to try and stay below the radar. Some of them do make mistakes though. It is worth checking things like Facebook as debtors don’t usually see the connection between someone trying to find them and the reams of person details people seem to put on Facebook.

Someone who owes you money will be more cautious on the phone so trying to obtain information that way is usually not going to work but is worth trying. If you catch people on the back foot they can sometimes say things they regret later. If you have the telephone number of the person who owes you money it is worth giving them a ring and talking to them direct.

How to find someone who owes you money

To find someone who owes you money, you need to know when they left the last known address you had for them. If the debtor has only moved in the last few months you would be better served trying one of our advertising partners and having them professionally traced. This can be done in a matter of days and it will be cheaper in the long run. Especially if the debtor owes you a lot of money.

If the debtor has moved more than year ago you may be able to trace the person yourself, you can read our people search tips and read on……

How to find someone who owes you money can be frustrating. Finding that they have moved address but not informed you can obviously lead to many problems.

What else can you do?

You can use people search companies to locate debtors but what can you do to protect yourself?

Well, there are steps to take to ensure that if you are owed money you maximise your chance to get it back.

How to find someone who owes you money

Firstly it is important that you collect as much information on the person or company that you are lookign for. The more information you have the easier your people search will be. You can’t stop debtors from moving but what you can do is put yourself in a position to provide a people finder company with as much detail as possible to help trace debtors. Or even better have enough information to trace debtors yourself. Debtor tracing can be done quickly and cheaply if you have the correct information.

Do your due diligence in 2023

The list below is information that you should obtain about a person or company before offering credit terms:

  • Always make sure you have their full name, including any middle names.
  • Always make sure you have the debtor’s date of birth.
  • If a small business owes you money make sure you have the owners home address, small businesses can move around, time and time again we see debt built up at an industrial address such as Unit 10 for example and then they disappear. If they have stopped trading you need to chase the owner of the business so you need very much to have the owner’s home address.
  • Don’t be afraid to ask for partners name, business or life.
  • If it is a company it could be worth doing a company credit check. Great when looking at how to find someone who owes you money.

You must remember

You have the power to ask these questions before you carry our any work. If they have the goods and won’t pay you are in a very vulnerable position. You need to get the details when you have the power. When you can ask for anything and if they are genuine they will have no problem providing it. If they won’t provide information then you can be sure there will be a problem later on. How to find someone who owes you money is really important.

It is so important to do this.

You should also look at getting a consumer credit licence should you offer credit terms. If you do you can legally pursue debtors for any money owed. The key in any situation where work is done and then provided before payment is received. Get the information that you will hopefully never need but should you, you will be very grateful for. This can help answer how to find someone who owes you money.

Tracing a debtor who owes you money

This is a much easier task when you have lots of information about the debtor. Different debtor trace systems ask for different information so if you can furnish these systems with the correct information then you will greatly improve your chances of finding a debtor.

It really is a good idea to outsource this to a professional company. If you would still prefer to find someone who owes you money yourself you can check out our people search tips for more information.

Learning how to find someone who owes you money is harder than finding old friends.

Good luck with you quest with How to find someone who owes you money.