Solvea Consulting

10/03/2023

The real and hidden costs of overdue receivables are staggering.
The cost of time and energy wasted on dealing with the receivable itself. Goodwill lost with the client, an increased likelihood of negative reputation perception and impact to positive cash flow, especially in an uncertain economy.

Overdue receivables are one of the most common (and frustrating) opportunities that many businesses face.
But Solvea is here to help!
With almost 2 decades specializing in collecting payments, we have a broad knowledge of the industry and are ready to support you and the success of your business.

09/26/2023

There are many benefits to outsourcing your accounts receivables, including cost savings, increased efficiency, access to specialized expertise, improved cash flow, better risk management, improved customer service, greater flexibility, improved accuracy, enhanced data security, improved compliance and reputation maintenance.

Solvea is here with the expertise you need and the service you deserve so you can divert valuable resources elsewhere and focus on what matters.

09/15/2023

Do you have outstanding receivables you're struggling to collect? Are you hesitant or uncomfortable making those calls to collect?
Our goal is to reduce your risk exposure and protect your reputation while collecting your outstanding receivables with integrity, respect and authenticity.
One of our experienced professionals are ready to assist you in taking care of what's most important!
We have the expertise you need. And the service you deserve!

09/06/2023

Are you a small business? Do you have outstanding receivables? Have you been unsuccessful in your attempts to receive timely payment?

Do you require the assistance of an experienced professional?

Solvea is currently accepting new clients!

Our goal is to reduce business risk exposure for small businesses by protecting your reputation while collecting outstanding receivables with integrity, respect and authenticity.

With over 18 years experience in finance, we are ready to assist you with your small business needs of collecting outstanding
receivables for a more profitable business!

Send an email to [email protected] for further information.

08/31/2022

"Monthly spending on credit cards rose by 17.5 per cent in the first quarter of 2022, Equifax said. Lenders issued 31.2 per cent more credit cards to consumers in the quarter compared to the same period last year. The average spending limit on new credit cards reached $5,500, the highest it has been in the last seven years, Equifax said."

The average Canadian now carries $20,744 in debt, excluding mortgages.

There is alot of stress and other negative impacts that come along with rising debt accumulation.

Allow us to help! We offer debt assessments along with financial coaching, so you can find the best solution that works for you and your specific financial situation.

Canadians struggling with the rising cost of living are increasingly turning to debt in order to cover their expenses, according to an Equifax report released Thursday.

08/18/2022

"Individuals that are completely debt free absolutely have a different mindset. There's a greater sense of peace, freedom and opportunity that comes with being debt free," says Falcone. "Not owing anyone anything or being beholden to anyone offers debt-free individuals more options and control over every dollar they own. When you have no debt, you're able to, with 100% freedom, decide how and when to spend your money."

Personal finances are more than just our bank accounts. Financial stress impacts relationships, behaviors, mental health and well-being.

Solvea believes in a holistic approach to finances and empowering you to make the choice that best serves your situation. Allow us to educate you the best options to alleviate the stress and get back to living.

For some, living debt free is a goal worth prioritizing. Here are some things to consider.

07/03/2022

More and more Canadians are becoming financially insecure. Are you one of them?

There are solutions for these situations that allow you to protect your assets and give you a fresh start.

Imagine being able to reduce your debt payments by 80% to allow more room for savings and other day to day expenses that have increased.

The stress of keeping up is becoming unbearable, especially for the low and middle class.

Let's talk and see what Solvea can do to help you!

The latest MNP Consumer Debt Index found the twin stressors of holiday spending bills coming due and the resurgent COVID-19 pandemic has Canadians feeling squeezed.

06/13/2022

"Close to half of indebted Canadians say that debt is impacting their mental health, and almost 50% say that they would struggle to handle a surprise expense."

A survey in April concluded that 18% of Canadians are already at a stage where they cannot afford their homes.

More than one in five expect that rising interest rates will have a "significant negative impact" on their mortgages, debt and financial situation.

These are trying times for many people. Inflation is at a 31 year high. It's unmanageable for many.

We recognize the burden this is having on many people.

Is your mental health suffering?
Are you ready to reach out and hear about your options?

Let us help you find a solution that fits your situation. Let's talk.

Nearly 1 in 4 homeowners would have to sell home if interest rates rise more: Survey Jun 13, 2022 The Canadian Press, Michael Ranger A "for sale" sign is shown in Toronto with homes in the background on April 9, 2017. THE CANADIAN PRESS/Graeme Roy Nearly one in four homeowners say they will have to....

06/10/2022

Record numbers of Canadians are currently carrying $4.50 of debt for every $1 of income.

Rates are rising and Canadians can't sustain this imbalance.

How are you managing these challenges?

Do you need help?

Bank of Canada Governor Tiff Macklem said rising interest rates aren’t expected to derail the nation’s economy and may even produce a “healthy” slowdown in the housing market.