Yes. That is my experience too. Most collections companies in the space will engage in a yearly review while focusing more of their energy on the fresh files. That’s what I always did when I worked in-house.

My question was more directed towards funders. Do funders just forget about files that are written off? Or, are they selling to debt buyers or placing them with second placement collections companies that are focused on collecting those older files more than once a year? In my experience, with my clients and in the past, nothing is really done with these files most of the time.