Why Older Balances Are Harder to Collect

The longer you wait to send past-due accounts to collections, the less likely you’ll collect. Recent studies indicate that collectability of accounts within the first 60 days is 90%. Once accounts are more than 90 days overdue, chance of collecting drops to 50%. More than 180 days overdue, and you have a 20% chance of collecting. Wait more than a year, you’ll most likely get... Read More