Free Report: Credit & Debt Collection Confidence Survey - 2nd Quarter 2008

Download this Free Report and Learn:

• The macroeconomic factors influencing debt collection rates
• Creditor and debt collection agency reaction to debt recovery rates
• Vendor perception of debt collection performance and marketing intentions

How are economic conditions affecting debt collection agencies?

Credit & Debt Collection Confidence Survey - 2nd Quarter 2008

Download this free report and discover the results of the accounts receivable management survey conducted for the second quarter of 2008, which showed a deterioration in the confidence of creditors and their ability to recover bad debt.

The Creditor Survey underscores the anxiety being caused by the current economic conditions as well as an increasing receptivity to the accounts receivable industry’s bad-debt solutions.

What Macro-Level Factors are Influencing Debt Collection Rates?

Among all creditors surveyed, a majority of participants – 60 percent – cite Consumer Debt Levels as having a "Major Effect" on their recoveries. Following closely behind are Unemployment and Rising Food/Fuel Costs, garnering 56.5 percent and 50 percent, respectively, as factors having a "Major Effect" on converting receivables into cash. In all categories except Health Costs, the numbers corresponding to "Some Effect" and "Major Effect" are more or less evenly distributed when all responses are combined.

Download Credit & Debt Collection Confidence Survey - 2nd Quarter 2008 and gain valuable insight on how creditors are reacting to macroeconomic factors:

• Health Costs is reported by 62.5 percent of healthcare creditors as having a "Major Effect" on recovery rates
• Why the broad reach of the housing crisis is seen as nearly as significant by healthcare creditors as a group
• The perception of what economic factors most impact debt collection for accounts receivable firms aligns closely with the views held by financial services creditors

What are Creditor Perceptions of Internal Debt Collection Performance?

Download Credit & Debt Collection Confidence Survey - 2nd Quarter 2008 and discover:

• Creditor perceptions of debt collection performance quarter-over-quarter
• Why creditors saw rising positive trends in debt recovery performance
• How expectations for debt collection performance in the next six months have changed during the second quarter
• How long term projections (twelve months hence) measured up with debt recovery performance

What are Creditor Perceptions of Debt Collection Agency Performance?

Credit & Debt Collection Confidence Survey - 3rd Quarter 2008 and discover:

• What creditors foresee for debt collection agency recovery rates
• How expectations of debt collection agency performance changed among creditors
• The level of increased expectations by creditors that "average" performance would occur among debt collection service providers

What are Debt Collection Agency Perceptions of Recovery Performance?

Sixty percent of debt collection agencies report a "Moderate" or "Significant" increase in placements, while only 12.5 percent said that placements have decreased "Moderately" or "Significantly."

Download Credit & Debt Collection Confidence Survey - 2nd Quarter 2008 and read actual respondent comments in reply to the question "What are future challenges for the accounts receivable industry?"

• "I hope to see more debt bought by our law firm as the price of debt goes down."
• "Increasing federal regulation."
• "Debt collection agencies as a whole will need to adjust their collection style from BIF and SIF to a more PPA oriented approach. Although BIF or SIF are the obvious primary goals, gone are the days of the readily available refinance as a talk off strategy."