Credit Tips Blog: Discover the Latest Industry Insights

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.

Are you furnishing rental equipment to a construction project? You may be entitled to mechanic's lien & bond claim rights. Learn more here!

Once you have made the decision to file a mechanic’s lien, the next decision you will need to make is when to release the mechanic’s lien.

A Security Interest or UCC filing elevates the status of your receivable and/or inventory/equipment to that of a secured creditor.

If the first step in securing your rights (serving a preliminary notice) isn’t a solid step, you may find yourself with an invalid mechanic’s lien and unpaid claim.

In an earlier post we discussed drafting a security agreement, now let's review the common mistakes in security agreements.

Since 2005, Utah has managed preliminary notices, notices of commencement and notices of completion via its State Construction Registry (SCR).

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.

Project owners often require lien waivers from contractors, subcontractors & suppliers to alleviate the possibility of mechanic’s lien filings.

The Miller Act is the federal payment bond statute that requires GCs to furnish payment bonds on projects contracted by the United States.