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LienFinder 2.0 Coming This Summer!
In this NCS Extra Credit installment, Paralegal / Client Account Manager Danielle Moon discusses “Attorney Collection Costs” with Account Representative Adrian Segedy
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In this NCS Extra Credit installment, Danielle Moon (Collection Services Group) and Jerry Bailey (Executive Sales and Education Services Manager) discuss the proof of claim ABCs.
What is the actual cost of a write off? It is important to understand the costs associated with a write off. It’s not as simple as “We wrote off $50,000 …
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Understanding demand letters and their place in the UCC and mechanic’s lien processes (Plus FREE demand letter sample!) Demand letters can expedite payment, allow you to maintain control of …
It’s important to always provide backup documentation for your claims!
Wonder when a demand letter may come in handy? How about, what information should be included? Check out this infographic for more info!
Yay, you are a secured creditor! Now you need to file the proof of claim… tread carefully!
Did you know that credit professionals still rely on Wikipedia to determine their mechanic’s lien/bond claim deadlines, the steps for filing a UCC-1 and even for best practices on collecting …
In this NCS Extra Credit installment, Danielle Moon (Client Account Manager) and Jerry Bailey (Executive Sales and Education Services Manager) discuss attorney collection costs.
Your customer has defaulted on payment… fortunately you filed a UCC. Now what should you do? Review this infographic to learn more!
In this NCS Extra Credit installment, Pete Pozzuto (Business Development Representative) discusses Standby Letters of Credit.
In this NCS Extra Credit installment, Pete Pozzuto (Business Development Representative) discusses Flat Fee Collection Services.
In this NCS Extra Credit installment, Pete Pozzuto (Business Development Representative) discusses secured collections.
In this NCS Extra Credit installment, Pete Pozzuto (Business Development Representative) discusses the Debtor Payment Portal with Jerry Bailey (Executive Sales and Education Services Manager).
Whether you are a secured or unsecured creditor, slow-paying and non-paying customers are frustrating! If you enjoyed today’s infographic, you may also enjoy What Should You Ask Your Customer …
May 26, 2015
Today’s contribution is authored by Ms. Michelle Gerred, Esq., NCS Construction Services Do you ship goods to your debtor? Are you a material supplier shipping materials to a jobsite? If …
Learn about NCS with this journey through time: The Birth of NCS | 1985: A Landmark Year | The Cowan Family | NCS on the Move | People, Process, Performance …
May 25, 2018
A prevenient arrangement occurs when parties enter “…into an ongoing relationship for the supply of services or materials over time, often at multiple locations.” This is according to Catriona Otto-Johnston, …
November 16, 2018
A properly perfected security interest is nothing without a collateral description. In fact, it’s not properly perfected at all – it’s unperfected. A properly perfected security interest requires compliance with …
June 3, 2019
The more you understand about bankruptcy and the bankruptcy process, the greater chance of preserving your rights as a secured creditor and ultimately receiving payment. A secured creditor has a …
January 6, 2020
I’m excited to share some of my favorite commercial credit management tips from NCS. In this three-part series, we will review tips for Collections, UCCs, and Notices & Liens. Up …
January 11, 2021
The events of 2020 will not soon be forgotten. A year that began with hope and optimism was quickly darkened by a pandemic that locked down economies for weeks and …
August 4, 2017
This should come as no surprise: mechanic’s lien and bond claim rights vary by state. Right? We remind you of this frequently. (It’s the reason that resources like The National …
April 15, 2015
The demand letter is often overlooked as a collection tool for UCC filers, but it can be a cost effective alternative to the processes of repossession or litigation. As …
September 29, 2017
Retainage is a familiar term in the construction industry: Retainage is an agreed amount of a contract price that is retained by one party from another, with an assurance that …
June 8, 2018
Can the resale value of salvaged materials from a demolition site be included in the total contract amount and subsequently be lienable? According to one legal decision, yes. New Jersey …
December 17, 2018
Businesses file for bankruptcy protection; it is an unfortunate and uncontrollable reality. Considering the likelihood of debtor default, some creditors take unnecessary and avoidable risks relying on reactive recovery. Secured …
June 7, 2019
Lienability. One of the many questions we are asked is “Can I file a mechanic’s lien on that?” Or, if we must relay the unfortunate news that an improvement isn’t …
January 27, 2020
It’s part two of our three-part series of Commercial Credit Management Tips from NCS. Previously we provided favorite tips for Collections, today let’s review UCCs. You should always file your …
July 12, 2021
Originally published in The Credit Research Foundation’s Perspective newsletter (June 2021) The Credit Research Foundation recently surveyed their membership on the use and impact of securitization (UCCs, mechanic’s lien, etc.) …
July 31, 2017
Business failure is inevitable. It is imperative that you, as a creditor, protect yourself from a customer’s failure/default. Your best defense? Be proactive! Take advantage of secured transactions (UCCs …
April 13, 2015
A demand letter is a strongly worded request for payment, most often served upon your customer, advising legal action may be taken if payment is not received within a specified …
In this NCS Extra Credit installment, Pete Pozzuto (Business Development Representative) discusses the All Inclusive Public Records Search.
June 22, 2018
As you are likely aware, the first wave of amendments to Ontario’s Construction Lien Act go into effect in July 2018 and the second wave debut October 2019. We’ve released …
December 14, 2018
Change orders can be tough to track. Nearly every construction project has change orders and with the number of parties on a given project and the number of projects any …
June 14, 2019
A “lien dissolution bond,” which can be filed to remove mechanic’s liens from a property, is one of many names or phrases given to bonds of this type. Some other …
January 24, 2020
Never underestimate the value of proper documentation to support your claim! When assisting our clients with claims, we frequently request backup documentation for review. Absent the proper documentation, how can you …
May 24, 2021
Recently, members of The Credit Research Foundation (CRF) posed questions to NCS Experts. “In an average year, mechanic’s lien filings are high in Q1, low in Q2 & Q3, and …
March 22, 2017
3-in-3 is a 3 question, 3 minute interview with an NCS colleague. Today’s 3-in-3 features Danielle Moon of our Collection Services Group. Read on to learn more about the ABCs …
February 26, 2015
“Is this past due, unsecured account even collectable?” It’s a common question in the minds of credit professionals. I wish I had a Magic 8 Ball that would always say …
In this NCS Extra Credit installment, Pete Pozzuto (Business Development Representative) discusses Bankruptcy Search & Monitoring.
June 29, 2018
New Jersey is one of 17 states with mechanic’s lien statute specific to residential projects. In New Jersey, a residential project is defined as one – two – or three-family …
January 11, 2019
We know mechanic’s liens can be bonded off, we’ve discussed it before. But it’s a topic that can be quite confusing, especially when each state treats the bonds a bit …
June 21, 2019
Have you found yourself in a construction dispute, trying to decide whether the dispute warrants trips to court for lawsuit litigation? Have you also wondered whether arbitration or mediation will …
January 20, 2020
It’s 2020 & the Louisiana mechanic’s lien changes are in effect! Last year we touched on a few changes, now let’s take a deep dive and review what you should …
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