The Commercial Collection Agency Section (CCAS) of the Commercial Law League of America conducted a survey of its members. * "The results of this survey...clearly demonstrate the critical importance of taking positive action when an accounts receivable ages past its due date".
"According to the survey results, the probability of full collection on a delinquent account drops dramatically with the length of delinquency. For example, even after only three months, the probability of collecting a delinquent account drops to 72.3%. After six months, almost 44% of delinquent accounts will never be collected. After one year, the probability of ever collecting a delinquent account drops to 28.4%."
Millennium Resources would like to express its gratitude to CCAS for permission to reprint these results.
* The CCAS home page can be found at http://
|