Commercial Collection Placements Declined Significantly in 2011

January 17, 2012

PRESS RELEASE

COMMERCIAL COLLECTION AGENCY ASSOCIATION
COMMERCIAL LAW LEAGUE OF AMERICA

Annette Waggoner, Executive Director of the Commercial Collection Agency Association of the Commercial Law League of America, reports that in 2011 commercial (B2B) accounts placed with CCAA members declined significantly. The dollars placed for collection declined by approximately 15.2% and the numbers of those accounts declined by approximately 19.5%.

Ms. Waggoner states, "The slow recovery in the general economy has impacted sales, accounts receivable and delinquencies. While accounts receivable portfolios have not significantly expanded in the last year, neither have delinquencies."

"CCAA members reported a "softening" of the collectability of the accounts placed for collection in fourth quarter of 2011 but by all measures collectability has remained fairly steady during 2011," Ms. Waggoner further stated.

Ms. Waggoner indicated that CCAA members believe that the economy will continue in the doldrums and that significant improvement will only start to be evident within the next six to twelve months.

The Commercial Collection Agency Association (CCAA) is an association of commercial collection agencies that have been CERTIFIED by the Commercial Law League of America. They represent the leaders in the commercial collection or business to business collection industry, handling about sixty-five percent of the commercial accounts placed for collection. The Commercial Law League of America is the nation's oldest creditors' rights organization, founded in 1895.

Members of the CCAA subscribe to a strict Code of Ethics and undergo an intensive and continuing certification process. For more information on CCAA, the certification process and its members, go to the Website: www.ccaacollect.com or call Annette Waggoner at (847) 907-8670.

Contact:
Annette Waggoner
Executive Director
Commercial Collection Agency Association
P. O. Box 142
Arlington Heights, IL 60006-0142.
Telephone: (847) 907-4670
Fax: (847) 496-7360
E-mail: awaggoner@ccaacollect.com

Related Articles

·  Anytime Collect Available as Private-Label Service to Help Banks Increase Treasury Deposits 12 Days Faster ·  Credit Today Benchmarking Survey: Credit Department Metrics -- Make Sure You Know the Difference Between What Top Management Needs and What YOU Need ·  Dispatches From the Credit Front, January 2012 ·  When faced with an industry with a high DSO, even with a low ADD, what metrics do you use? ·  The Best Credit Security Is Your Own Hard Work ·  Energizing a Credit Staff's Potential ·  Credit Department Stress Test ·  Credit Today Benchmarking Survey: Credit Metrics and Reporting Part 2 - Delivering Management the Metrics They Want ·  How do you reserve for bad debt? ·  Does anyone have a "Bull Dog" attorney or Collection Agency in or around Newport Beach CA?