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9 Documents Every Collector Should Have
The Top 9 Documents Every Collector Should Have I once had a history teacher who constantly preached “The pencil remembers what the mind forgets…” It...
Credit Risk Management (5)
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The Carmack Amendment
The Carmack Amendment: What Is It? Why Does It Matter? Today’s contribution is authored by Ms. Michelle Gerred, Esq., NCS Notice & Mechanic’s Lien...
1 min read
Demand Letters and UCC Filings
What You Should Know about Demand Letters & UCC Filings The demand letter is often overlooked as a collection tool for UCC filers, but it can be a...
2 min read
Demand Letters and Mechanic’s Liens
What You Should Know about Demand Letters and Mechanic’s Liens A demand letter is a strongly worded request for payment, most often served upon your...
2 min read
Collectability of an Unsecured Collection
Have you ever wondered “Is my unsecured collection collectable?” “Is this past due, unsecured account even collectable?” It’s a common question in...
2 min read
If or When, Contingent Payment Clauses
Payment Clauses: Pay-IF-Paid or Pay-WHEN-Paid It’s hard to believe that two small words, with seemingly “useless, yet endless” functionality, can...
1 min read
Recovery via Judgment Liens
Will I Ever Receive Payment on Old Judgment Liens and Mechanic’s Liens? Will you receive payment on old judgment and mechanic’s liens? Short answer:...
2 min read
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...
3 min read
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...
1 min read
Filing a Bankruptcy Proof of Claim as a Secured Creditor
Filing a Bankruptcy Proof of Claim as a Secured Creditor In the event of a debtor’s bankruptcy, secured creditors are paid before unsecured...