Statistically, the probability of collecting a debt drops between 60 and 90 days to around 73%. By 180 days you have only about a 50% chance of collecting at all.
By the time an Account is 90 days overdue, if a debtor actually intends to pay you, you should at least have made a payment agreement in relation to the debt which is being performed. If you don't, waiting any longer is usually a mistake.
For best results we recommend businesses follow a Debtor Management Procedure and refer debts to us for collection between 60 and 90 days.