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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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Determining whether or not an unsecured collection is collectable can be frustrating. And although unsecured collections can be difficult to collect, all hope is not lost!
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!
Every day, credit professionals across all industries review and assess risk. That’s what we do – we are “Risk Assessors” – like some kind of super hero, with special powers …
Yay, you are a secured creditor! Now you need to file the proof of claim… tread carefully!
In this NCS Extra Credit installment, Shannon Dooley (NCS Collection Liaison) and Jerry Bailey (Executive Sales and Education Services Manager) discuss contingent collection vs. writing off bad debt.
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 a sampling of recent bankruptcy cases, NCS’ UCC Services Group found that unsecured creditors received, on average, 9.3 cents on the dollar compared to secured creditors being paid 96 …
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).
March 3, 2014
It’s hard to believe 3 months have passed since NCS rolled out the new Online Services website (OLS). We trust everyone is finding the new look and functionality beneficial. As …
May 1, 2017
Whether you use Collection Services, Construction Services, or UCC Services, NCS’s new filtered search bar is a robust search tool within Account Management. First, select Account Management from your service …
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 …
July 28, 2017
In Holding the Surety’s Feet to the Fire – Recent Cases Confirm Subcontractor’s Rights to Maintain Miller Act and Little Miller Act Suits Despite Subcontract Pay-If-Paid Clauses and Prime Contract …
June 10, 2016
It’s an unfortunate part of doing business: customer bankruptcy. As you already know, we strongly encourage you to take steps to ensure you are a secured creditor. Properly executed UCC …
July 16, 2015
By R. Russell O’Rourke, Esq. Chair, Construction Law Practice Meyers, Roman, Friedberg & Lewis LPA If you bid to a contractor, subcontractor or even a supplier, can you withdraw your …
September 19, 2014
These are a few of the articles that caught our eye this week! Here’s why we shared the article: Holdback is to Canada as retainage is to the United …
In this NCS Extra Credit installment, Pete Pozzuto (Business Development Representative) discusses Credit Reporting Solutions.
April 16, 2018
In this post we are going to explore the answers to questions about suit and provide general suit deadline information for each state. Often, the filing of a valid mechanic’s …
August 31, 2018
Progress payments are payments made as work progresses under a contract, upon the basis of costs incurred, percentage of completion accomplished, or a specific stage of completion. Progress payments may be …
December 10, 2018
2018 is coming to an end and you know what that means – time to clear your books! Anyone in collections knows this time of year is spent negotiating settlements …
May 3, 2019
Excellent question! In today’s post we’ll review a few key considerations when deciding whether you should hire a construction attorney for construction litigation. Companies can’t afford to rely on attorneys …
The construction credit world is full of industry-specific terms and definitions; sometimes it’s tough to keep them straight. “Bond” is one of those terms. Check out this blog post for …
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 …
November 9, 2020
OK, so “trickle-up effect” may not be a thing, but retail bankruptcies are on the rise and the impacts aren’t limited to the suppliers of inventory and the retail employees. …
May 28, 2014
Did you know that when you search through your Online Services Portal / Account Management page you can type in partial information for the search criteria? All you have to …
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 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 …
January 29, 2016
What happens when an insolvent company, with debtors and assets in multiple countries, needs debt relief? The company would file for Chapter 15. No, this isn’t Chapter 7 x 2 …
June 2, 2016
Contribution by Mr. Romelio Hernández Romelio Hernández is President at HMH Legal, a professional corporation specialized in credit and collection services in Mexico. He is based in Tijuana, Baja California, …
June 26, 2015
I know you will be surprised to read this, but here at NCS, we stress the importance of being a secured creditor. However, sometimes security isn’t an option, and you …
September 4, 2015
In part two of our two part series on lien waivers, we discuss unconditional lien waivers. Unconditional lien waivers can be very dangerous, make sure you read this post to …
November 14, 2017
The Credit Research Foundation publishes their National Summary of Domestic Trade Receivables (NSDTR) to its membership base and those corporations that contribute their data to the survey. The outputs compare …
April 20, 2018
A little over a year ago we reviewed a case before a Washington Appeals Court, where the subcontractor’s right to recover its claim was hinging on whether the subcontractor named …
September 5, 2018
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 …
When it comes to the Security Agreement, compliance with Article 9 of the Uniform Commercial Code is a must. Be accurate and don’t fall victim to these rookie Security Agreement mistakes. …
Education Center
Education Center
