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33 POSTS_FOUND
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Published on : May 27, 2022
In Canada the inflation rate is at its highest level in over 30 years and there doesn???t seem to be any end in sight. As inflation ripples through different supply chains many commodities have seen phenomenal price increases and supply issues. Personal disposable income is being decimated at the fuel pumps and price increases from all different directions. This inflationary spiral and shortages creates uncertainty, which in turn is bad for credit and receivables.Read More -
Published on : April 13, 2022
With every day that passes inflation is eating away at the value, or purchasing power of your receivables. The receivables you collect today, or in the future, are worth less than when your customer originally financed their purchase. Money paid on an account today has less purchasing power because of inflation.Read More -
Published on : March 19, 2022
Often potential clients who are shopping for a collection agency ask what the odds are of collecting a delinquent receivable, or debt. The reality is there are numerous elements that determine your odds of collecting a bad debt. Every industry, company and debtor have unique economic circumstances. This is why some Clients have a recovery rate in the 90%+ range and Clients where it is in the 30% range. There are three main factors that determine the odds of a third-party collection agency collecting your receivable, or delinquent debt.Read More -
Published on : February 8, 2022
B2B companies face an inherent risk of extending credit to limited company customers. The added risk when dealing with a limited company is company directors have automatic immunity to personal liability on unsecured debt. In other words, if the limited company goes out of business the directors can simply walk away. Indemnity Agreements are a handy credit tool that can reduce this risk while increasing sales.Read More -
Published on : January 25, 2022
There are major differences between Alberta and BC when it comes to third party debt collections on delinquent residential tenants and faulty landlords. It should be noted that commercial leases and rentals fall outside of the BC Residential Tenancies and the Alberta Residential Tenancy Dispute Resolution Service (RTDRS). This article only covers residential tenancy collections.Read More