UCC Financing Statement
In the past several posts we talked about deciphering your Equifax Small Business Report, Experian Business Report and Dun & Bradstreet Report. We broke down the various groups of data that make up your company’s credit report with public filings being one of them. 
Public filings include records such as bankruptcies, liens, lawsuits, judgments and UCC statements. All of these types of public record information are gathered by the business credit reporting agencies from multiple sources across the entire country including federal bankruptcy courts.
In today’s post let’s review one particular public record known as the Uniform Commercial Code (UCC) statement also known as the UCC Financing Statement.
The UCC Financing Statement which, also known as a UCC-1 Form, is a legal document a creditor files with the state where the debtor/borrower is located to secure their interest in collateral from the borrower until payment is received in full. It also provides legal title to the asset listed if a debtor is unable to meet its financial obligation.