Is the Economy on the Road to Recovery?
April 26, 2010
PRESS RELEASE
COMMERCIAL COLLECTION AGENCY ASSOCIATION
COMMERCIAL LAW LEAGUE OF AMERICAThe Commercial Collection Agency Association (CCAA) of the Commercial Law League of America reported that business-to-business accounts its members received during the first quarter of 2010 declined by approximately 12%. However, in the last twelve months CCAA members have received a record account placement with $17.5 billion in business-to-business accounts placed for collection. Emil Hartleb, Executive Director stated, "This is another indication that things are improving in the economy. Delinquent business-to-business accounts creditors are placing for collection, have declined. CCAA members indicate that they anticipate that decline will continue through most of 2010." Hartleb further added, "73% of CCAA members believe that in the next twelve months collectability of accounts place for collection will improve because of an improving economy." * * * * * * * * * * * * 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. For more information on CCAA, the certification process and its members, go to the Website: www.ccaacollect.com or call Emil Hartleb at (973) 239-0721. Contact: Emil Hartleb, Executive Director, Commercial Collection Agency Association, P. O. Box 205, Cedar Grove, NJ 07009-0205. Telephone: (973) 239-0721, Fax: (973) 239-5017. E-mail: ehartleb@ccaacollect.com
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