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  1. #1
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    UCC from Corporation Service Company? Anyone know who files this UCC?

    I have a merchant with a UCC from Corporation Service Company . Merchant doesn't know who it is, any idea who files UCC under this name? Or how to find out?

  2. #2
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    CSC will file on a funder's behalf as like a proxy. The purpose is to hide the secured party's identity. Good chance the merchant has an advance.

  3. #3
    Senior Member Reputation points: 5987 Regium's Avatar
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    CSC has an email where you can send inquiries on UCC's filed by them.

    They reach out to the secured party and have them contact you back!

    But yes, most likely a cash advance

  4. #4
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    UCC from Corporation Service Company? Anyone know who files this UCC?

    ODC is one that uses them

  5. #5
    Senior Member Reputation points: 325 Ryan Shiroky's Avatar
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    Quote Originally Posted by Mikhail Suley View Post
    CSC has an email where you can send inquiries on UCC's filed by them.

    They reach out to the secured party and have them contact you back!

    But yes, most likely a cash advance
    somehow i doubt most companies would extend the courtesy of calling a broker looking to take a merchant from them... no matter how many inquiries where made with their proxy UCC filing company...

  6. #6
    Senior Member Reputation points: 5987 Regium's Avatar
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    Not always a broker inquiring tho, most times it is the funding company not the broker.

    And I would rather reach out to them and have my balance closed - rather than the deal getting into a broker's hands who will stack on top

    Right?

  7. #7
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    Quote Originally Posted by Mikhail Suley View Post
    Not always a broker inquiring tho, most times it is the funding company not the broker.

    And I would rather reach out to them and have my balance closed - rather than the deal getting into a broker's hands who will stack on top

    Right?
    Right. There is only one advance showing on the statements, and that company has a separate UCC. So we need to make sure the merchant didn't default on another advance company. The merchant is stating they never had any other advance. We contacted CSC on conference call with the merchant, CSC would not give any info but said they will have the secured company contact the merchant.

  8. #8
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    Most cash advance companies are sloppy about releasing their UCC's after payoff. I'm willing to bet the merchant has done some sort of advance/loan in the past. Could be from several years ago. CSC is almost always a cash company. Other types of financing companies like banks/lease companies WANT their name to show up. Cash companies...notsomuch. I wouldn't worry about a default. It's probably just an unreleased UCC with a zero balance. We see them quite often.

  9. #9
    Senior Member Reputation points: 5987 Regium's Avatar
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    There is always a date on a UCC

  10. #10
    Anyone know who files UCC using AUREOLIN SERVICES?

  11. #11
    Senior Member Reputation points: 5987 Regium's Avatar
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    Advance Me

  12. #12
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
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    Quote Originally Posted by Mikhail Suley View Post
    Advance Me
    you know that for a fact?

  13. #13
    Senior Member Reputation points: 5987 Regium's Avatar
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    We have a list of masked UCC names and the real company who filed them.

    Yes I am sure

  14. #14
    Senior Member Reputation points: 3217 CO1's Avatar
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    Hey Mikhail,

    So if you have a list why don't you share it with us and Just help us out.. So there would not be any No harm intended for anyone. .

  15. #15
    Senior Member Reputation points: 5987 Regium's Avatar
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    Ya I saw you PM me that already... Not sure if your trying to be funny ()

  16. #16
    Senior Member Reputation points: 3217 CO1's Avatar
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    I am not trying to funny. I am just asking that you provide the list to us all. Thats all.

  17. #17
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    Quote Originally Posted by CO1 View Post
    I am not trying to funny. I am just asking that you provide the list to us all. Thats all.

    It looks like this list shows a few alias names. However its not a complete list.

    http://www.merchantprocessingresourc...h-advance-ucc/
    Rob Buchanan
    Data Axle
    402-836-1206
    rob.buchanan@data-axle.com

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