Our average recoveries on collections for all clients combined are listed below.
(Recovery is measured from the time we receive the account to the time the payment is received)
Rapid Collections, LLC has maintained this average of recovery time for the past 5 years. The volume associated with this recovery is measured on Accounts Receivables totaling over $500M a year.
Invoice age (30 days to 1 year old) = Average recovery time: 27 days
Invoice age (Over 1 year old to 2 years old) = Average recovery time: 39 days
Invoice age (Over 2 years old to 3 years old) = Average recovery time: 60 days
Invoice age (Over 3 years old to 4 years old) = Average recovery time: 84 days
Invoice age (Over 4 years old to 5 years old) = Average recovery time: 180 days