Discover the latest credit services information

Businesses prioritize how, when and which vendors are paid and often pay secured creditors ahead of unsecured creditors. But why?

Settlement agreements are common. You must carefully review the agreement or you may end up with invalid liens, like this subcontractor.

Don’t expose your AR to any unnecessary risk. Business failure is inevitable. Your best defense? Be proactive. Take advantage of secured transactions and pay attention to signs of distress.

What is a bankruptcy proof of claim? What should creditors be aware of when filing a claim? Is there a deadline to file? Find answers here.

NCS Attorney, Michelle Gerred discusses why you should use a contingent collection service before writing off bad debt.

A Standby Letter of Credit is a written guarantee issued by a bank to pay on behalf of their customer in the event their customer does not pay.

Your customer has filed for bankruptcy protection and their outstanding balance could have a significant impact on your A/R. Now what do you do?

We discuss attorney collections and the fees you can expect like court costs, suit fees and whether you can recover these fees from your customer.

Bankruptcy claims and periods include 503(b)(9), reclamation claim period, proof of claim, and the preference period.

A contingent collection means you only pay a contingency fee on the amount of money that is collected. Learn more in this post.

Whether you are a secured or an unsecured creditor, slow-paying and non-paying customers are frustrating, time consuming, and often costly.

Obtaining a credit report on the correct entity can be trickier than you’d expect. Here are a few tips on obtaining the correct credit history/information for your customer.