What Byrider section discusses who 'skips' are in the context of skip tracing?

According to the 2025 Byrider Franchise Disclosure Document, the question of who 'skips' are is addressed in Chapter 7, specifically section 7.1, which is dedicated to skip tracing. This section also covers the purpose of skip tracing and when one would know if they have a skip. This information is crucial for Byrider franchisees as it deals with the process of locating customers who have become difficult to contact, typically due to missed payments or other issues.

Understanding who 'skips' are and how to identify them is a fundamental aspect of managing accounts and mitigating potential losses in the Buy Here Pay Here business model. The FDD excerpt also mentions best practices for skip tracing, the purpose of skip tracing, and the characteristics of a good skip tracer, providing a comprehensive overview of the topic.

For a prospective Byrider franchisee, this section highlights the importance of effective collection and recovery strategies. It also suggests that Byrider provides training and guidance on how to handle these situations, which can be beneficial for franchisees who may not have prior experience in this area. Knowing the proper procedures and actions to avoid, as well as who to contact and available resources, can significantly improve a franchisee's ability to manage delinquent accounts and minimize financial risks.