There are many reasons why you might need to hire a private investigator. Perhaps you’re owed money and need help tracking down the debtor. Maybe you’re considering investing in a business venture and want to do some due diligence first. Or maybe you’re going through a divorce and need to find hidden assets.

Whatever your reason for needing one, it’s important to know what private investigators can (and cannot) do when it comes to monitoring and collecting debts owed or researching assets.

First and foremost, private investigators are not debt collectors. They cannot contact the debtor directly or threaten them with legal action. However, they can conduct surveillance to see if the debtor is working or has any assets that could be used to repay the debt. They can also run background checks to see if the debtor has any history of financial trouble.

If the debtor does have assets, the private investigator can help you locate them and make arrangements for their seizure. However, they cannot actually seize the assets themselves – that’s a job for the sheriff’s department or a professional repossession company.

When it comes to asset research, private investigators can be a valuable resource. They can conduct background checks on businesses and individuals, search public records for information on ownership and property, and even track down hidden assets such as offshore bank accounts.

Keep in mind, however, that private investigators are not miracle workers. They can’t find what doesn’t exist, so if you’re looking for something that’s truly hidden, it’s likely that you won’t find it.

Call me today if you’re considering hiring a private investigator to help with debt monitoring or asset research!