Discover the latest credit services information

Don't use Wikipedia to determine mechanic’s lien/bond claim deadlines, the steps for filing UCCs and even for best practices on collecting past due receivables.

Maintaining documentation is important - not only for proceeding with secured transactions, but simply as a good business practice.

If you had 30 seconds to give a credit professional advice on reducing risk, what would you say? Secure your A/R with UCCs and Liens.

Collecting a past due receivable can be difficult, but if your collector has the necessary documentation, debt recovery becomes easier.

The Carmack Amendment was the adoption of uniform guidelines used to determine who is liable for goods that are damaged during transit.

The demand letter is often overlooked as a collection tool for UCC filers, but it can be a cost effective alternative to the processes of repossession or litigation.

Demand letters can expedite payment, allow you to maintain control of your collection process and save you money.

When you are evaluating the collectability of account, we recommend you use the following questions to help you determine the likelihood of a successful collection.

Both pay-if-paid and pay-when-paid are contingent payment clauses. If/when they're included in a contract, could determine whether you get paid.

In a perfect world a mechanic’s lien and/or judgment lien filing will get you paid, but the reality is that recovering monies secured by any instrument can take time.

Although there are no guarantees, time and time again we see secured creditors receiving more funds than unsecured creditors.

How can you make the collections process less painful for your credit team? Why is it important to partner with the right agency? Answers here