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Process Serving Challenges Author : IRS Collections
Published on : November 13, 2024

Have you ever had a tricky defendant you simply cannot serve? You are not alone! Process serving can be fraught with difficulties, from elusive defendants to unresponsive witnesses. Fortunately, a few key steps can make the process much simpler and more cost-effective.
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Skip Tracing Costs Author : IRS Collections
Published on : August 25, 2023

There are several factors that determine the cost of skip tracing services. Some of the factors that affect rates include the type of locate, age of information, names, deadlines for service and bulk locate projects and special skip tracing projects.
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Use your AR to Increase Sales Author : IRS Collections
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.
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USD De-dollarization Author : IRS Collections
Published 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.
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Negative Credit Trends to Watch for in 2023 Author : IRS Collections
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.
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