Did you Know?
Federal Trade Commission Consumer Protection Resources…… FCRA – Fair Credit Reporting Act Federal Government legislation enacted to promote the accuracy, fairness, and privacy of consumer information contained in the files of consumer reporting agencies. FACTA – Fair & Accurate Credit Transaction Act FACTA is an amendment to FCRA (Fair Credit Reporting Act ) that was added, primarily, […]
Costs and Settlement of True Mechanicʼs Lien Litigation
The risks and uncertainties associated with true mechanic’s lien litigation in addition to the legal costs typically make a settlement of 75% or 85% of a claim a “good settlement.” Essentially, you are litigating multiple cases simultaneously. In fact, most mechanic’s lien lawsuits have multiple counts. There’s a basic contract case in which you must […]
Getting the Straight Talk – Credit References
References are an important tool in determining creditworthiness and should be included on any credit application. It is important to note, however, that the references listed on a credit application are probably not the most important references with whom to speak. A debtor will likely list the people who will report positive information. You need […]
Tips & Tricks – Delayed Email Delivery
We all have “That One Thing” that we know would save time or make our job easier. Neal Otto, Jump-start Computer Training, one of our most requested presenters has some tips and tricks that will help you with That One Thing! Neal also has a new series of webinar trainings and is offering NACM Northwest […]
2016 Membership Appreciation Breakfast
Thank you everyone who attended the 2016 Member Appreciation Breakfast. We raised $620 for the NACM Northwest Foundation Scholarship Fund with the raffle and silent auction. Thank you again to all the members and individuals who donated items and money to make our first raffle a success! Check out the video below to see the […]
Changes to Washington Business Law in 2016
By Amy E. Geerhart, Attorney, Sussman Shank LLP Washington adopted meaningful changes to its business laws effective January 1, 2016, substantially modifying legal requirements for Washington limited liability companies and filing obligations for all forms of business entities. These changes were codified in the revised Washington Limited Liability Company Act (the “Revised Act”) and in […]
NACM Northwest Foundation Annual Meeting
There is a NACM Northwest Foundation Annual Meeting coming up! June 22, 2016 NACM Northwest offices 5:00 PM 2015 financials will be reviewed, board members will be elected, officers for the coming year will also be elected. All NACM Northwest members are invited to attend!
Top Concerns of Financial Professionals
An early 2016 study conducted by the Financial Executives Research Foundation and risk and business consulting firm, Protiviti, confirms what many financial and trade credit professionals already know: “financial functions are beyond busy.” Responsibilities are rising for people in these parallel fields, and that is only expected to continue through the second half of the decade. Key findings […]
Call on Analysis, Credit Experience to Tackle Workouts
So your customer has recurring payment delinquencies or is experiencing consecutive periods of poor financial results. Perhaps more alarming, the customer is suffering from a broader economic slowdown, has unfulfilled payment obligations, or is experiencing management changes or recurring order holds. The time for a “workout” session has arrived. Now you will assess an account’s […]
When Worlds Collide: Article 2 of The Uniform Commercial Code and Chapter 11
Picture the scene: You have just received word that your customer has filed Chapter 11. You had followed my advice and put the customer on a cash-before-delivery basis and demanded assurances of performance. You were successful in reducing the accounts receivable owed, and avoiding preference liability in doing so. The customer, now a Chapter 11 […]