Skiptracers Say Recession is Already Here

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A survey of professional skiptracers such as private investigators and repo agents indicates the U.S. economy is already in a recession. In a survey of SkipSmasher.com customers, they say they are being increasingly called upon by banks and other lenders to find customers who have fled, leaving debt behind.

The survey results are unmistakable - skiptracers already believe hard times are here. They're getting asked more and more to find people who are running out on car loans, mortgages and other debt.

A survey of professional skiptracers indicates the U.S. economy is already in recession and is getting worse. According to a survey of SkipSmasher.com customers, 66% believe the economy is already in recession and 79% described the economy as getting worse. Only 19% believe it is holding steady. "Skiptracer" is a term used to generally describe professional people-finders and includes private investigators, repo agents, debt collectors and process servers. Typically used by financial institutions to locate delinquent customers, skiptracers are often the first to see bad economic times coming.

"Our customers are like the proverbial canary in a coal mine for the economy," says SkipSmasher.com president Robert Scott, whose company provides people-finder data to skiptracers. "The survey results are unmistakable - skiptracers already believe hard times are here. They're getting asked more and more to find people who are running out on car loans, mortgages and other debt. "

Overall, the survey showed the following:
-- 66% of skiptracers believe the economy is already in a recession; 34% do not.
-- Regardless if the economy is or is not currently in a recession, 79% believe it is getting worse; 19% believe it is holding steady and only 1% believe it is getting better.
-- Signs of a deteriorating economy, in declining order, include increased "skipped" customers, car repossessions, fraudulent insurance claims and asset searches.
-- Do repossessors and other skiptracers benefit from hard economic times? Of those skiptracers who had previously worked through a recession, 58% said they personally benefited while 36% said they did not.
-- Do private investigators and other skiptracers have a heart? 74% said they sometimes or often felt sorry for the delinquent debtors they had located while 26% said they never felt bad.

This survey was taken of SkipSmasher.com customers between March 18 and 20, 2008. For raw data totals, go to http://www.skipsmasher.com/public/poll_3-20-08.html

About SkipSmasher.com:

SkipSmasher.com is an online people-finder data service for professional skip tracers. The service is not available to the general public and is used primarily by licensed private investigation agencies, repo companies, collection agencies, financial institutions and other professional skiptracers. Skip Smasher Inc. is a privately held company that was founded in 2004 and is based in Beverly Hills, California.

Company president Robert Scott is available for interviews on this subject.

Customers of Skip Smasher, including private investigators and repo agents, are available for interview by bonafide news media as well. Please send an email request and the company will coordinate putting you in contact with customers who would like to be interviewed on this subject.

Contact:
Robert Scott, President
Skip Smasher Inc.
287 S. Robertson Blvd #428
Beverly Hills, CA 90211

Website: http://www.SkipSmasher.com
Telephone: 1-866-314-SKIP

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