Skip to the main content.

NCS Credit Blog

Stay up to date with the latest articles on Collections, Notice & Mechanic's Liens, UCC Filings, and Industry Trends for your business.

Accurately Indexed UCC Filing

Accurately Indexed UCC Filing: Conduct a Reflective Search After Every UCC Filing Obtaining a reflective search is the best practice to make sure the UCC Financing Statement or UCC change statement has been indexed accurately.

Read More

Bankruptcy Payout Priority – Secured Creditors Make Bank

Bankruptcy Payout Priority – Secured Creditors Make Bank As a credit professional, you’ve likely heard this once or twice: “It’s better to be a...

Read More

What is Subordination?

Avoiding Potential Pitfalls When Entering into a Subordination Agreement What is Subordination? Subordination is “the process by which a creditor...

Read More

Small Mistake High Price in Mechanic’s Liens

In the Field of Mechanic’s Liens, a Small Spelling Error has Large Price Tag Mechanic’s Lien laws are notoriously complex and courts across the...

Read More

What Are Joint Check Agreements?

What Are Joint Check Agreements? No, it has nothing to do with twisting your arm while depositing a check at the bank, although I’m certain some may...

Read More

Debtor Name Errors in UCC Filings

The Impact of Debtor Name Errors in UCC Financing Statements Perfection of a security interest involves drafting and executing a sound security...

Read More

No Preliminary Notice? No Mechanic’s Lien for You

No Preliminary Notice? No Mechanic’s Lien for You About 40 states require a preliminary notice be served upon the owner of the property on which the...

Read More

Past Due Accounts and Commercial Collections

Collections, Collections, Collections It doesn’t matter how it’s said or how often it’s said, the word “collections” often elicits a negative...

Read More

Crafting a Perfect Security Agreement for Your UCC Filing

The Art of Drafting an Impeccable Security Agreement for Your UCC Filing Today we take a field trip to the Museum of Art and examine “Starry Night”...

Read More

Customer Defaults? Your UCC Filing Can Help You Recover

How Do I Recover? Congratulations, you filed a UCC to position yourself as a secured creditor! Unfortunately, your customer has defaulted on...

Read More