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.”

Most CCAA members do not anticipate any significant improvement in business activity for at least another year, according to the group’s survey.

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. The Commercial Law League of America is the nation’s oldest creditors’ rights organization, founded in 1895. Members of the CCAA subscribe to a strict Code of Ethics and undergo an intensive and continuing certification process.