"FCS online system really helped us manage our transactions and cut costs. I get what I need at my fingertips, accurately and easily. And when I need to contact someone there’s always an actual person who responds."
Natalie M., Credit Manager, National Bank, Chicago, IL
Is your UCC portfolio growing? Are your UCC management processes growing with it? Are your current UCC solutions able to scale to support your success?
For example, have you ever missed the window for filing a UCC3 Continuation, and thus lost your perfected security interest? Are you still managing your UCC portfolio from a spreadsheet? Are you still filing direct with Secretary of States which require you to understand and navigate each…READ MORE
When filing UCCs, you’re looking to perfect your security interest while avoiding rejections, but things can go wrong. You can follow proper procedures and still things can go wrong resulting in rejected filings, security interests that are not perfected, and more.
Nevertheless, of course you should follow proper procedures. To learn more about them, check out this 30-minute webinar An Insider’s Guide To Avoiding UCC Filing Mistakes.…READ MORE
To perfect a security interest with a UCC filing, the simple act of filing your lien is not enough. You have to do it correctly. There are specific guidelines to follow, including how to determine the specific debtor name or names to include on your UCC.
But these specific naming guidelines are not extended to others who also file liens in the public record, others like the IRS and State taxing agencies, or even individuals filing judgment…READ MORE
You’ve probably been there. You’re performing your due diligence to qualify the credit worthiness of some new prospects, you’re doing your lien searches, your credit checks, your court research including bankruptcy, and if your prospects are entities, also your business entity research—what’s the exact legal name, are they in good standing, who are the officers, etc.
To do all of this research, you have to go to this state’s…READ MORE