If your business has begun to pile up past-due debts, it’s time to consider hiring a debt collection attorney. Retaining the services of a debt collection attorney’s agency is a good option if you have tried to collect the debt yourself and have yet to be successful. However, it is vital to choose the right attorney for the job.
We’re here to help with some great tips on what to look for when hiring a debt collection attorney!
What to Look for When Hiring a Debt Collection Attorney
Hiring a debt collection agency is an important decision for your business. Here are the factors to consider when choosing which agency to hire:
Legal Experience
First and foremost, you want to ensure the attorney your business hires has ample experience in debt collection law. This is important because many federal and state laws govern debt collection, and an experienced attorney will know how to navigate these laws.
Fees & Billing Structure
Before signing on with a debt collection agency, ask about their fees and how those fees are structured. Some agencies charge a flat fee, while others charge a contingency fee, which means they only get paid if they successfully collect the debt. Our team at Gilliam & Mikula is always transparent and upfront with sharing our success rates… all you have to do is ask!
Past Success Rate
Ask the attorney about their agency’s success rate in collecting debts. This rate will give you an idea of how likely they are to collect your debt successfully.
Communication
Make sure the agency is good at communicating with you. You will need to be able to keep in touch with the attorney about the status of your cases, and you want to make sure they are responsive to your questions and concerns.
Location
Different states have different debt collection laws, so it’s crucial that you hire a lawyer that is licensed to practice in that state. This will ensure the attorney is familiar with the laws governing their collection practices.
By considering these factors, you can increase your chances of finding a debt collection attorney and agency that is the right fit for your business.
Gilliam & Mikula is a Debt Collection Agency Led By A Debt Collection Attorney Team
If you are ready to collect on the debt you’re owed, it’s time to get in touch with the debt collection attorney team at Gilliam & Mikula. We’d love to work with your business and look forward to a profitable partnership. You can reach us by filling out the contact form below!
Gilliam & Mikula is centrally located in Richmond, Virginia, and serves clients throughout the Commonwealth of Virginia. Our attorneys have over forty years of combined experience in various practice areas, representing individuals and businesses. We are licensed to practice in all General District Courts and Circuit Courts of the Commonwealth of Virginia including, Central, Tidewater, and Northern Virginia areas, as well as the State of Maryland.
The attorneys at Gilliam & Mikula are here to smoothly guide you through the “legal maze” and ensure that you achieve the most favorable outcome.
The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information.
It all starts with a message or a phone call. Reach out to us at 804-743-0900 or fill out the form below and let’s get to work.
