The success of any business is very dependent on cash flow. With the rapid growth of the economy, many businesses have extended the time they will permit accounts receivable to age prior to instituting formal collection efforts. As we all know however, the longer an account goes uncollected the less likely the account will be collected.
Collection Breakdown
Age of Account
Percent Collectable
30 days
93.4%
60 days
88.2%
90 days
83.1%
6 months
60.7%
9 months
45.7%
1 year
25.3%
2 years
11.2%
NO COLLECTION - NO FEE
If you have delinquencies that you have spent time and effort to collect without success, we ask you to place your accounts with Creditors Service Bureau for our experienced and professional help. Allow us to collect your accounts on a contingency basis.
3520 West Twenty-Sixth Street Suite One Erie, PA16506 ph: (888)-889-4588 fax: (888)-889-5088 info@csbureau.com