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11-03-2015, 12:08 PM #1
- Join Date
- Oct 2013
- Location
- New York, NY
- Posts
- 1,203
Listen to the sound of applause! You made the most sensible comment on here. Filing a UCC was done in the past to show other funders that someone needed to be paid off if they wanted to fund them. But like you were saying, it makes ZERO Sense to offer free marketing to other companies by filing UCC's now. I do however agree that there is a need to file them if and or when a merchant defaults. But the definition of a default is open to interpretation
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