By Scott W. Lee, JD, CCE, Vice President, NACM Business Credit Services To Surcharge or Not to Surcharge You have likely heard that merchants will be adding, or at least now can add, the fee charged for credit cards to the price of a sale. It is being referred to as a “surcharge.” There are [...]
Tag Archives: nacm
NACM Canons of Business Credit Ethics
By DeAnna Leahy, CCE, Sunroc Corporation In our industry credit group meetings, each of us follows along as the Anti-Trust Compliance and Anti-Defamation Statements are read and then we quickly move on to the names submitted for discussion by each of the group members. I sometimes wonder how often members take the time to read [...]
Personal Guarantees
A Simple Agreement to Improve Credit & Collections By Shane Inglesby, CCE, Geneva Rock Products, Inc. Credit and collections - it’s what we do for a living. Without collection opportunities, we would not be employed. As much as we bemoan the challenges we confront on a daily basis, we have to admit that this challenge is [...]
The Influential Credit Manager
By Georgette Bevan, CCE, Director of Education, NACM Business Credit Services If only ________________ (insert job title or name) understood that _______ (insert credit wisdom here).” Has that phrase ever slipped from your lips at work? Credit is a tough and challenging job! You probably wear multiple hats and have numerous irons in the fire. [...]
U.S. and Utah Economy
April ICEL Meeting Recap by Melissa Mickelsen, CBA, Geneva Rock Products, Inc. Dr. Aric Krause with Westminster College joined ICEL in April to present his annual economic update. He started by noting that the economy is not as bad as it could be, but we are still looking at several serious challenges. He summarized by [...]
Protecting Lien Rights and the SCR (Utah State Construction Registry)
By DeAnna Leahy, CCE, Sunroc Corporation Information for Subcontractors and Suppliers: The State Construction Registry (SCR) allows subcontractors and suppliers to protect lien rights. By filing a preliminary notice through the SCR system, subcontractors and suppliers alert property owners, banks, title companies and general contractors to their involvement in a project and expectation of payment. [...]
Personal Guarantees for Open Account Business Credit
An often overlooked item in guarantees is whether the guarantor has the ability and willingness to pay. Many companies just have the entity principal sign the guarantee without ever looking into that person’s credit history or assets. If the person has no ability to pay, never has and never will, what good is the guarantee?
NACM Launches new customer driven website.
By now you have no doubt noticed the major face lift, but you should also know that there are numerous improvements that make it easier to use for our clients. Besides being easier on the eyes, it is much easier to keep up with industry trends and goings on with our new automated newsletter subscription system [...]