Canaccede 
It’s no secret that a recession is on the horizon. Many experts are predicting that it will hit sometime in 2023. While this may be cause for concern for some businesses, it’s important to remember that not all recessions are created equally. Some are short and mild, while others can last for years and be …
With 2022 in the review mirror, it’s time to get a jump on improving cash flow while it’s still early in the year in order to protect your business against recessionary pressures. It’s SWOT time Now is a great time to take stock of your business. While you should review your whole operation, cash flow …
If you are new to debt selling, looking for the right buyer can be tricky, but it doesn`t need to be. When searching for a debt buyer, there is more to look at than just purchase price offers. Compliance, ample funding and proven experience can be key points to differentiate a promising long-lasting partnership from …
When selling or assigning your receivables for collections, look for these best practices with a business partner to minimize reputational risks. When it comes to collecting your receivables it is important to remember that people who have fallen behind on their payments are still your customers. Regardless of whether you outsource collections or sell the …
If you have been keeping up to date with the recent economic news, this might not come as a surprise for you: Canada is already experiencing recession-like conditions. An increasing number of consumers are struggling with the cost of living and having a challenging time paying their bills, which is in turn, driving an increase …
Debt collection is a regulated industry with many laws and regulations governing how and when agencies can contact and interact with consumers. For industry organizations, complying with the rules and regulations protects reputational risk and avoids potential penalties and fines. Here are some tips to manage your organization’s compliance: Stay informed and up to date …
Selling your distressed accounts and insolvencies in separate individual sales may be leaving money on the table. Taking these asset classes to market as a bundle optimizes those debts for the seller. Because many companies operate their charged-off and insolvent assets with different internal or external teams, they are often not thought of as a …
St. Cloud, Minnesota – March, 2022 – Jefferson Capital Holdings LLC (“Jefferson Capital” or the “Company”), a leading purchaser and servicer of consumer charged off and bankruptcy receivables, and owner of Canaccede Financial Group is pleased to announce it has amended its $500 million senior secured revolving credit facility to include a new $150 million …
New to debt selling? That’s okay, many companies are. Here is a guide that helps explain the process. First of all, what is a debt buyer? A debt buyer is a company that purchases debt from creditors at fair market value of the debt’s outstanding balance. The debt buyer then collects on the debt either …
Post-pandemic and post government support, a rise in consumer debt across multiple product types is widely expected. In addition to these economic factors, there has been a shift in consumer contact preferences with a strong bias towards digital channels. This move away from the traditional consumer behaviours is having a profound impact on debt recovery …