Are you considering using business debt collection services?
The best time to contact a debt collector is within 60-90 days of the invoice due date. This will help you get the maximum recovery!
Here’s how the age of a debt can affect the collection rate:
- At Due Date: 94.9% collection rate
- After 30 Days: 89.9%
- 60 Days: 81.3%
- 90 Days: 69.6%
- 6 Months: 52.1%
- 9 Months: 39.1%
- 1 Year: 22.8%
- 2 Years: 9.3%
Learn more about debt collectability.
Business Debt Collection in Michigan
As a business owner, you shouldn’t have to chase debts. Let us do it for you.
If you need help with business debt collection in Michigan, contact us or call us at (248) 370-8160. Our expert debt collectors can answer your questions and help you decide your next steps. There’s no fee unless we collect!
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