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
* * *