A blog about the Factoring industry from a experienced Factoring veteran for over 18 years. Do not assume anything, if you have questions we are here to help you decide if Factoring, aka account receivables financing is the right financial tool for your company.
Tuesday, March 21, 2006
Factoring Warning, before you sign
Okay I am not trying to be Mr. Drama, but I do want you to take what you are reading here seriously. We have all heard the saying, "you get what you pay for"
Well apply a little bit of that thinking while shopping for a factoring company. It is of course wise to look for the best rate you can, but consider this. The cheapest rate does not always mean it is the best choice for your company.
You need to understand that taking on a Factoring company should be a partnership, you are both on the same team. The cheapest rate does not mean the best service! You need to find out what you are getting for your fees.
* Customer Service
* Collection practices
* Reporting tools
* Account access
* Invoice submissions
* Float days
* Verification process
These are a few of the things to ask a Factor about before you decide who you want to use.
We use some of the best factoring companies available. If you want a Free Factoring Quote from them, just go to our site at http://www.divfunding.com and fill out our short form and we will get you your quotes today!
Want to speak to me personally, just call 888-603-0055
Thanks for reading!
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