CLEAN UP TIME FOR YOUR 2016 PAST DUE ACCOUNTS!
Yup its that time of year again when its time to close the books on 2016. That means it’s time for you to go through your files to see who still owes you money. Now is the time to act on past due accounts.
TIME IS NOT ON YOUR SIDE WHEN TRYING TO COLLECT A DEBT!
The Commercial Law League of America has proven that the old adage is true. According to the CLLA the collection percentage of A/R account balanced accounts that are collectible past a certain time are as follows:
- Current Receivable 98% success rate
- 30 days past the due date 92% success rate
- 60 days past the due date 83% success rate
- 90 days past the due date 71% success rate
- 6 months past the due date 55% success rate
- 9 months past the due date 40% success rate
- And for those 1 year past ONLY 23% of those accounts are recoverable.
That’s your money out there. You worked for it. You did the job. That client either won’t or doesn’t think they can pay. We make the connection with your customer to help make it so they can and want to pay their debt to you. We help them help themselves out of the jam they found themselves in and in turn gets you the money you deserve.
It’s a MUTUAL PARTNERSHIP
Be on the lookout for rouge collection agencies. These companies seldom do the work they say and furthermore run off with your money. Some even get you to pay them in advance thus making your loss even worse! We’ve heard too many stories of this sort of behavior from other companies. We don’t charge you upfront. We work with you and your customer for the best possible outcome for everyone concerned.