Members of the Commercial Collection Agency Association of the Commercial Law League of America (CCAA) report that business-to-business or commercial accounts, received by CCAA members declined sharply in the First Quarter of 2011.
The dollar amount of these accounts placed for collection declined by approximately 23% from the First Quarter of 2010.
In the First Quarter of 2011, forty-nine percent of CCAA members compared to twenty-five percent in the Fourth Quarter of 2010 reported that the collectability of the accounts they received during the First Quarter of
Emil Hartleb, Executive Director of the CCAA stated, “These figures reflect the general condition of the U.S. economy which is experiencing a slow recovery from the recession that began in 2008. While wholesale sales and other commercial transactions are improving, they are not improving at a rapid rate.”
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.