The Commercial Collection Agency Association (CCAA) of the Commercial Law League of America (CLLA) said Wednesday that total accounts placed with its members for collection increased in the third quarter of 2012. But a large decrease in average size of the accounts drove down the dollar amount placed for collection.
Compared to the second quarter, the value of placements in Q3 2012 were down 3.4 percent while the total number of accounts increased 11.4 percent. On a year-over-year basis, placement value declined 2.7 percent compared to Q3 2011 while the number of accounts placed increased 3.7 percent.
“Commercial accounts placed for collection are an excellent harbinger of the strength of business activity in the economy,” said Annette Waggoner, Executive Director of the Commercial Collection Agency Association. “The accounts receivable portfolios of business regarding delinquency are in good shape, but most businesses have not experienced any significant increase in sales because of the slow pace of economic activity.”
A survey conducted by the association found that most CCAA members do not anticipate any significant improvement in business activity for at least another year.
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.