NEW RELEASE: Check out NCS Credit Lien Index 2023 Q2!
Filing UCCs can reduce your credit risk. A properly perfected UCC protects your company's inventory, equipment, and receivables.
Article 9 of the Uniform Commercial Code (UCC) provides trade creditors with an opportunity to secure their goods and / or accounts receivable by using the personal property assets of their customer as collateral. A properly perfected UCC filing elevates you to secured creditor status and protects you in the event your customer defaults or files for bankruptcy.
Watch this webinar to learn how UCC filings can:
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The Lien Index decreased 16 points in Q2 2023 to 47. The significant decrease comes as the revised Q1 2023 Index skyrocketed to 63.