Skip the Guesswork
Accelerating Recovery with PrimeQuest’s Location On Demand (LOD) Solutions
For financial institutions and debt collection teams, the most dreaded hurdle isn’t the refusal to pay—it is the inability to find the borrower. Industry research indicates that up to 34% of addresses provided at the point of sale (POS) contain errors or become outdated within just one year. This data decay leads to significant wastage of “Feet on Street” (FOS) resources and stalls the recovery cycle.
PrimeQuest Solutions & Services, as an authorized Datacultr distributor, offers a high-tech antidote to this problem: Location On Demand (LOD). By leveraging real-time GPS data, LOD transforms skip tracing from a “guessing game” into a precision-guided recovery strategy.
The Problem: Outdated Data and Inefficient Skip Tracing
Traditional collections rely on static information provided at the time of financing. When a borrower becomes delinquent, collection agents often find themselves following “dead-ends” due to inadequate control mechanisms and incorrect addresses. This creates a massive operational drain, as resources are spent on neighborhood searches rather than targeted visits.
