ACCOUNTING

Bill Collection: The Odds

Chart shows that the longer a bill is overdue, the less likely that it will be paid.
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OCTOBER 1988

According to professional bill collectors -- who last year handled more than $2.3 billion in commercial claims -- the longer a bill is overdue, the less chance there is that it will be collected.

* * *

Number of

months bill Chance of

is delinquent collecting it

1 93.8%

2 85.2

3 73.6

6 57.8

9 42.8

12 26.6

24 13.6

* * *

Source: Commercial Collection Agency Section of the Commercial Law League of America, 1988

* * *


Last updated: Oct 1, 1988




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