OK say we have a collection on past due and we all know it stays on the report for 7 years. We also know it affects us less as time goes by. Does anyone know the % by which the collection impact decreases? I can assume for the first full year it is absolute 100% . Does it decrease impact steadily say 15% less impact ea year thereafter, or does it stay at 100% for several years and then decrease.
I'm just wondering if their is a formula that is known.