A monthly collections industry index shows a slight sequential decline in January suggesting that the overall collections environment remains reasonably stable. On a year-over-year basis, the index increased 12.4% in January. The SunTrust Robinson Humphrey “Settlement-in-Full Index” says the decline in January mirrors last year but advanced in January of each of the two prior years. Settlements/payments under $500 increased 15% year-over-year in January as settlements/payments between $500 and $1,000 increased 7.5%; settlements/payments between $1,000 and $3,000 increased 13%; and settlements/payments from $3,000 to $7,000 were up 19%. The “SIFI” is a proprietary monthly research tool that measures the success of collections agencies in collecting bad debts that they have purchased. The data are based on five agencies including Arrow Financial Services, Oliphant Financial Corporation, Phoenix Credit Solutions, and Zenith Acquisition.