Michigan Business Debt Collection Agency Explain Why the Age of the Debt Matters

CLAWSON, Mich. - Nov. 1, 2022 - PRLog -- Have slow paying customers become debtors?

Are you considering using business debt collection services?

As a creditor, you're bound to experience nonpayment. Sometimes the busy nature of your industry may put collection efforts on hold, or maybe you tried collecting by yourself and got overwhelmed. Your frustrations are valid! Debt collectors are here to take the stress off you and help you collect what you're owed!

The age of the debt does play a role in your potential return – its age is directly proportionate to its collectability. The older the debt is, the harder it is to collect.

Here's how the age of a debt can affect the collection rate:

• At Due Date: 94.9% collection rate
• After 30 Days: 89.9%
• 60 Days: 81.3%
• 90 Days: 69.6%
• 6 Months: 52.1%
• 9 Months: 39.1%
• 1 Year: 22.8%
• 2 Years: 9.3%

The best time to contact a debt collector is within 60-90 days of the invoice due date. This will help you get the maximum recovery!

For business debt collection in Michigan (https://www.rsdcollects.com/debtcollection/commercial/age...), contact RSD (https://www.rsdcollects.com/contact) today!

About Ross, Stuart & Dawson, Inc.: Located in Clawson, Michigan, RSD is a commercial debt collection agency that focuses on professionalism, kindness, and most importantly, results. RSD operates both domestically and internationally in over 120 countries. Locally they serve Detroit, Grand Rapids, Lansing, the Upper Peninsula, and more. RSD is 1 of 26 agencies considered a "certified agency" by the Commercial Law League of America and is endorsed by the International Association of Commercial Collectors. https://www.rsdcollects.com/contact