Chart showing chance of collecting commercial debts decreases sharply over 24-month period.
A recent survey by the Commercial Collection Agency Section of the Commercial Law League of America, an industry group, found that more than 25% of all 90-day-old bills never get paid -- a delinquency rate that keeps rising, the older bills get. (For a contrary viewpoint, see "Never Say Die," [Article link].)
Length of delinquency
% chance of collecting
after due date
delinquent commercial debts
Source "Annual Collectibility Survey," the Commercial Collection Agency Section of the Commercial Law League of America, New Providence, N.J., April 1993.