We understand that you may have questions about Nelson, Cooper & Ortiz, LLC and the services we provide. Well, we have compiled commonly asked questions from our clients and answered them below. If we haven’t covered something, feel free to reach out to us. 

Q1. What is a Commercial Collection Agency?

Answer: Commercial collection agencies handle B2B (business-to-business) debt collections. That means we recover debt owed by a business to another business. For instance, when a supplier has overdue payments from a contractor, they can hire commercial collection agency service to recover their debt. 

Q2. Why is the letter from the collection agency more effective than sending another invoice from me?

Answer: If the debtor has been ignoring your invoices for the past several times, another one isn’t going to make a difference. However, a letter from a collection agency shows that you’re serious about recovering the debt. As a collection agency, we employ several tried and true techniques and have an arsenal of tools and software to recover your unpaid dues.

Q3. How long will it take to collect my debt and when will I get my money?

Answer: In debt and credit collection agency services, we see all kinds of business debts in drastically different situations. The time it takes to recover your debt varies on several factors. However, it usually starts a month after the due date of the payment has passed. 

Q4. Is account receivable collection the same as a debt collection?  

Answer: While both of them sound similar, there’s a key difference. Think of accounts receivables collection as the stage before debt collection. Accounts receivables are property rights that are held with others. Think of it as a credit line where someone takes goods or services from you and promises to pay you later. Accounts receivable collection involves invoicing, billing, and charging interest to the debtor. 

On the other hand, when a business doesn’t get the amount they are owed and exhausts its accounts receivable collection techniques, they hire debt collection agency like Nelson, Cooper & Ortiz, LLC. When you don’t get the money you are owed, it turns into debt, and recovering it becomes debt collection.  

We hope this FAQ has addressed some of your key questions about Nelson, Cooper & Ortiz, LLC and the services we offer. Whether you are suffering losses due to overdue payments or want to partner with experts as a pre-emptive measure for debt recovery and debt collection, Nelson, Cooper & Ortiz, LLC can help.

Did we miss something? Send us your questions and inquiries at info@prelitigation.com