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)
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...
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...
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...
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...
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...
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:...
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...
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...
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...