The Commercial Collection Agency Association (CCAA) reported that its members received a record volume of business-to-business accounts for collection in 2009. Emil Hartleb, Executive Director of CCAA reported that in 2009 CCAA members received $17, 762,139,514 in accounts placed for collection. This represents an increase of 33.4 percent over 2008. Account placement in 2008 held [...]
“Just last week, the Credit Management Association of Burbank released its third quarter survey of 800 credit managers across the western United States, and 64 percent said their collections of trade credit remain no better than fair. Worse, 74 percent see no change in the near future.” From LABJ article: Small Businesses Need Party Favors [...]
Press Release: CMA Offers Tips, Tactics For Hard Times Burbank, CA – As more and more businesses confront the devastating impact of the recession, executives can take immediate and specific steps to reduce the damage and stave off the worst outcome of all, bankruptcy. “Pain is inevitable in this economy,” according to Mike Mitchell, President [...]
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