The payment of Cathy's debt to Debt Collector LLC is guaranteed by Cathy's personal property. Debt Collector is most likely to perfect its interest by

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Filing a financing statement (also known as a UCC-1 form) with the appropriate state authority is the most common way for a creditor to perfect its interest in a debtor's personal property. This puts other potential creditors on notice of the debt and the creditor's claim to the property. Insuring the property or correcting grammatical errors in the written agreement are not relevant to perfecting the interest, while calculating the precise amount of the debt is important for determining the amount owed but not for perfecting the interest.

The Payment of Cathy's Debt to Debt Collector LLC Is