Time - The Value of Money

The longer it takes to collect a debt, the more the value of money depreciates.

$1 Current Value	90c 2 months	67c 6 months	45c 1 year	23c 2 years	15c 3 years	1c 5years

It’s also been proven that the longer the collection effort drags on, the less likely it is that the account will be collected successfully, and the more it costs to collect.