Just out of curiosity, I set up a free account and checked my business (an LLC) credit at Nav.com. I saw a UCC filing. I confess that I didn't even know what it was. I clicked the little 'info' box and low and behold, it said it was a lien to a company called CSC. Yikes! Based on the dates I figured out that it was placed by BlueVine.com. The small loan I had taken with them ($5,000) was paid off this week so I am going to call to have it removed. I hope it will be a simple process; I will update my progress here if anyone is intrested.
From my online research: "Once a secured debt obligation is paid off, you should request immediately that the lender terminate the lien on said asset(s) through the filing of a UCC-3 form. Make sure you do this in a timely manner, because with lender mergers and acquisitions records often get lost and it may take time quite a bit of time to get the successor lender to search all their records and terminate an old “orphan” UCC that has been paid off."
I suspect that this filing is also the reason I get literally DOZENS of calls from random lenders -- some very sketchy sounding -- every day. From Nav.com: Lenders competing for borrowers might use the UCC as a marketing tool, using public records to find customers that are already familiar with their lending products to pitch them lower priced offers.
