When ShouldAccounts Be Placed For Collections?
The simple rule of thumb is; the sooner the account is placed for collections, the higher the recovery rate. Recent studies show that recovery ratedrops by 11% from 30 to 60 days past due and 3%-4% every30 days beyond that. Obviously, accounts should not beplaced at 30 days past due, but a careful analysis of in-house activities reveals that payments received from in-houseefforts drop off dramatically just afterthe accounts reach 90 days past due.
