Getting Paid
» Getting Paid, Volume 1, Issue 7, 2001
If respondent extends credit or special terms.
3c. How long before you normally try to collect an overdue bill before you turn it over to a collection agency? Is it:?
| Response | ||||
|---|---|---|---|---|
| 1 | 60 days | 5 | ||
| 2 | 90 days | 13 | ||
| 3 | 120 days | 11 | ||
| 4 | When exhausted collection capabilities | 34 | ||
| 5 | Never turn it over to a collection agency | 28 | ||
| 6 | Other | 7 | ||
| 7 | DK/Refuse | 3 | ||
| Total (%) | 101 | |||
| N | 396 | |||
Notes: Thirty-four (34) percent of small employers who extend credit or special terms turn overdue bills over to a collection agency only after they have exhausted their collection capabilities (Q#3c).
