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NCS COVID-19 State and County Updates
July 6, 2020
We recently asked our clients whether the COVID-19 pandemic is impacting their credit-granting processes. While I expected to see an increase in collection efforts and more stringent credit-granting processes, I …
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June 15, 2020
It’s “officially” unofficial, we are in another recession. Think back to 2008 and you’re sure to remember the painful increase in debtor defaults and bankruptcies; virtually no creditor’s AR escaped …
March 19, 2020
If you extend credit, you are vulnerable to risk — whether furnishing to a single construction project or selling on revolving terms. This vulnerability grows exponentially in the midst of …
January 27, 2020
It’s part two of our three-part series of Commercial Credit Management Tips from NCS. Previously we provided favorite tips for Collections, today let’s review UCCs. You should always file your …
January 6, 2020
Happy New Year! It’s 2020: a new year, a new decade, and a new opportunity for me to share some of my favorite commercial credit management tips from NCS. In …
October 31, 2019
48% of customers delay payments and 25% of credit departments do not have adequate staff to manage their collection workload.* Fortunately, NCS collectors are here to work for you. Our …
July 22, 2019
You’ve gone around and around with your debtor for weeks, maybe even months, but still haven’t received past-due payments. You decide you need collection assistance and think about hiring an …
June 10, 2019
Lien waivers are one of the most popular documents within construction credit. We’ve compiled a list of the top 10 lien waiver questions. A lien waiver is a signed document …
June 3, 2019
The more you understand about bankruptcy and the bankruptcy process, the greater chance of preserving your rights as a secured creditor and ultimately receiving payment. A secured creditor has a …
February 22, 2019
FMI has released its 2019 U.S. and Canada Construction Outlooks. The report contains a considerable amount of valuable information, but one topic is forefront: be prepared for the next recession. …
February 18, 2019
In bankruptcy, we frequently hear terms like preference payment, claw back, and new value. What do these terms mean? Further, what do these terms have to do with ice cream? …
February 11, 2019
As originally published in the Credit Research Foundation 3Q 2018 CRF News Small businesses are a critical component of the American economic engine, contributing about half of the gross …
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