Canaccede 
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 …
Many businesses are choosing to sell their non-performing accounts to turn problematic accounts into an injection of cash. Is selling your non-performing accounts right for you? Step 1: The first step is figure out what these delinquent accounts are costing your business. Assess the amount of time and resources you are currently investing in managing …
Receivables management companies can offer lenders flexible options on the way you deal with past-due or charged-off accounts. There are some common misconceptions about how they can help you which need to be dispelled. Myth #1 Myth #2 Myth #3 Myth #4 Myth #1 Selling your debt leaves money on the table A big misconception …
When considering the recovery of your receivables, the biggest factor is time. The time that is spent by your team collecting past-due accounts or the time waiting through a consumer proposal process is realized in terms of opportunity cost – in other words, precious corporate resources you could have re-invested somewhere else. The cost of …
It’s still early in the year. And time to get a jump on improving cash flow. It’s SWOT time Now is a great time to take stock of your business. While you should review your whole operation, cash flow is the key to your flexibility and capacity to grow. And it’s a good time for …
Many businesses with outstanding receivables are missing growth opportunities. With funds tied up in receivables that may be generating suboptimal returns, you don’t have the capital to invest in needed equipment, launch new products, or grow revenue. Unresolved receivables can also create real cash flow problems. How do you make your receivable recovery process more …
Every business would like to see their account receivables paid in full and on time. This gives businesses of all sizes the liquidity to pay employees, cover daily expenses and grow their business. The perils of “do-it-yourself” debt management Money that is paid within your receivables collection period provides predictable and stable income to run …