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Follow on Google News | Sharp Decline in B2B Accounts Placed with Collection AgenciesAnother indicator showing the health of the US economy comes up short!
By: Credit Decisions International, Ltd. CCAA members reported a 23% decline in the total dollar amount of commercial claims placed for collection in comparison to the same period in 2009. As a member of the CCAA; Credit Decisions International, Ltd. (Elk Grove Village, IL) participates in the survey along with other prominent agencies throughout the country. While many would expect collection agencies to be booming in difficult economic times, this is not usually the case. As the recession has dragged on, fewer companies are extending credit and banks are not lending money to the business community to the extent prior to 2008. As a result, there are less companies with receivables on their books to collect or companies with the lines of credit to borrow against to pay what they owe. In a another comparison, the CCAA reported that the collectability of accounts placed for collection with the association’ The Commercial Collection Agency Association or CCAA (www.ccaacollect.com) For More Information, Contact: Mark V. Matz Credit Decisions International, Ltd. 95 Randall Street Elk Grove Village, IL 60007 800.922.9688 mmatz@creditdecisions.com www.creditdecisions.com # # # Established in 1985, Credit Decisions, International, Ltd. is a commercial collection agency certified by both the Commercial Law League of America and the International Association of Commercial Collectors (one of only 6 agencies in the country holding certifications from both organizations, being the very first to do so). Focused on offering the best in communication and the highest net return, the CDI team is dedicated to both professionalism and client service. From sensitive early recovery programs to third party collection and customized portfolio projects, CDI tailors its efforts to each client's needs using the integrity of the staff, effectiveness of their effort and the individual attention accorded each client to better serve them across the nation and around the world! End
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