Economic Recovery Still Stalled: Commercial Collection Agency Association

Annette Waggoner, Executive Director of the Commercial Collection Agency Association (CCAA) of the Commercial Law League of America, announced Monday that CCAA members have reported a year-over-year decline of 21 percent in the volume of accounts placed for collection.

Waggoner indicated that commercial accounts placed for collection are an excellent harbinger of the strength of business activity in the economy.

“The delinquency portion of business-to-business accounts receivable portfolios are in good shape,” said Waggoner, “but most businesses have not experienced any significant increase in sales because of the slow pace of economic activity.”