<<
<
1
2
3
4
5
6
7
>
>>
33 POSTS_FOUND
-
Skip Tracing Costs Author : IRS CollectionsPublished on : August 25, 2023
-
Published on : May 31, 2023
The present inflation, shortages and tight credit economic environment are causing many companies to go out of business. According to Statistics Canada, the total number of business insolvencies in March 2023 was 36.8% higher than the total number of insolvencies in March 2022. Consumer insolvencies increased by 28.0%. Many of these bankrupt companies have been hit by stagflation where the wholesale prices have increased but market competition limits how much they can charge to stay competitive.Read More -
USD De-dollarization Author : IRS CollectionsPublished on : April 23, 2023
A major financial storm is approaching that will negatively impact the financial economies of the United States and Canada. For decades the USD (United States Dollar) has been the standard currency in international trade. This has enabled the US to print money and spread risk to countries that had to keep a USD reserve for trade. Unfortunately, the US has created a massive debt load they can never pay off. As a result, the USD is well on the way to losing world reserve currency status.Read More -
Published on : February 27, 2023
Many companies will successfully navigate through 2023 and adapt to what changes may come. However, there are vulnerable groups within different industries and markets that are exposed to negative credit trends. If you deal with some of the vulnerable groups mentioned below be sure to monitor for changing payment habits.Read More -
Published on : December 31, 2022
When it comes to commercial unsecured receivables time is the major factor that can mean the difference between a successful collection, or a bad debt write off. There are other factors that influence the outcome of a collection, but holding on to a debt too long is by far the leading reason behind bad debt write offs. In the collection industry we see this pattern day in and day out.
Read More
