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Personal Guarantees & UCCs

kalford May 11, 2020 12:00:00 AM

Personal Guarantees & UCCs
A Personal Guarantee is an individual's legal promise to repay credit issued to a business for which they serve as a representative. Then, in the event the business is unable to repay its debt, the individual is personally responsible to pay. Personal Guarantees are an effective and popular credit tool, but they do have limitations. UCC filings can help! Download this reference to learn more about how UCC filings can enhance Personal Guarantees.
Personal Guarantees vs UCC Filings

Personal Guarantees vs UCC Filings

Dec 13, 2019 12:00:00 AM

In this NCS Extra Credit installment, Jerry Bailey (Executive Sales & Education Services Manager) compares personal guarantees and UCC filings. {%...

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NCS Credit Lien Index Q1 2024

NCS Credit Lien Index Q1 2024

Apr 29, 2024 12:00:00 AM

The Q1 2024 Lien Index is 64 . This is a 6.7% increase over Q4 2023 and 1.6% increase over the same time last year. This is the highest the Index...

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EC: Properly Perfected UCC and Repossession

EC: Properly Perfected UCC and Repossession

Oct 2, 2019 12:00:00 AM

In this NCS Extra Credit installment, Diane Toth (UCC Specialist) answers “Can a properly perfected UCC really give me the right to repossess?” {%...

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