Commercial Collection Agency Association (CCAA) members reported a 16.5% decline in the dollar amount of B2B accounts received for collection in the third quarter compared with the year-ago period.
In the second quarter of 2010 CCAA members reported a decline of 22.9%, compared with the year-ago period.
The association also reported results from a recent collectability survey: 10% of members indicated they experienced an increase in the collectability of accounts received during the third quarter of 2010.
In the second quarter of 2010, 16% of members reported an increase in collectability; 55% of members indicated collectability has remained the same as the second quarter of 2010; and 29% of members indicated that collectability declined in the third quarter compared to 21% who indicated a decline in the second quarter survey.
Emil Hartleb, executive director at the association, stated, "These figures reflect the general condition of the U.S. economy, which is experiencing a slow recovery from the recession that began in 2008. While wholesale sales and other commercial transactions are improving, they are not improving at a rapid rate."