Payment Terms and Debt Collection

Payment Terms

When we onboard a new client, one of our first tasks is to review their contractual language… specifically, their payment terms. After all – if your contract’s payment terms aren’t rock solid, and agreed to affirmatively by both parties, our ability to collect the owed debt can be hampered. So how do you know if […]

Different Types of Debt Collection Agencies

Debt Collection Agencies

There are a few different types of debt collection agencies out there. Some agencies might not fit neatly in a certain category, but for the most part a debt collection agency will be one of the four types listed below. Let’s take a look at each one, and what makes each one of them different! […]

What a Debt Collection Agency Can Do For You

Debt Collection

If you’re in a business or market that demonstrates heightened risk for payment delinquency, such as healthcare, you’ll need to know what a debt collection agency can do for you. In this blog, we’ll cover some of the best reasons to hire a debt collection agency, as well as what sets Gilliam & Mikula apart […]

Is It Time to Hire a Medical Debt Collection Agency?

Medical Debt Collection Agency

Medical debt in Virginia has ballooned over recent years and often collection of that outstanding debt has fallen on the practices themselves or their medical management groups. However, there’s a much better way of collecting the debt  – hiring a medical debt collection agency like the team at Gilliam & Mikula. Let’s take a look […]

Tips for Starting a New Business

Starting a New Business

So you’ve decided to take that leap of faith, and you’re starting a new business. That takes a lot of backbone, and it’ll be a lot of hard work, extra hours, and plenty of blood, sweat, and tears. The reward? Potentially, freedom – both career-wise and financially. In order to get there, though, you need […]

Automated Payment Reminders Simplify Debt Collection

Automated payment reminder services are a simple and effective way of collecting payments and debt from your clients and customers. Whether you implement your existing CRM as a payment reminder service, or sign up for a standalone service, the benefits are tangible and immediate. Payment reminders can be customized to alert the customer that they […]

Is Your Debt Recoverable?

Wills & Trusts

No doubts about it – running a business is hard, arduous work – and one of the hardest parts is trying to collect unpaid or delinquent debt from partners and clients and customers. Your time is valuable, and every hour you spend chasing down unpaid debt is an hour you’re not spending making money. So […]

6 Debt Collection Tips for Small Businesses

Debt Collection Agencies

With more than 47 million Americans expecting to miss a credit card payment this year, it should be no surprise that people fail to pay other bills as well. For small business owners, customers failing to pay you can be catastrophic for your company. It can result in you being unable to pay your bills and even […]