Factoring Fees!

I have been amazed at some of the rates I see advertised for factoring services online. I mean come on get real. I sure hope that the quality of service comes with those rates.

I think we all have experienced in life those things that seem too good to be true and once we take the bait we once again are disappointed.

Another example is looking for a new car. Every dealer is grappling to get us to come in to buy from them because they are the best dealer on the planet and have the most selection etc. But we all know that the dealer has a cost for that vehicle and they can only go so low on the price. Well if all of a sudden we opened up the paper and read an ad on the automobile we were interested in and it was way less than anything we have come across in our endless search for the best deal.

WARNING....WARNING what is up with this picture. Well we get to the dealer and find out it was actually a demo with 5 thousand miles, always a catch.

So my advise to you is to proceed with caution when you see extremely low introductory factoring rates advertised and get to the low down facts of what you are really getting. Most Factoring companies have a cost of funds just like the dealers have a cost for the vehicles on the lot.

May I suggest reading one of my previous post titled Factoring Warning, before you sign: Click this Link for the article

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Have questions 888-603-0055

Thanks for reading.

Non Recourse Factoring

I think many business owners that request Non Recourse Factoring do not really understand what Non Recourse Factoring vs Recourse Factoring really is.

Non Recourse Factoring applies to the inability of the client's customer to pay for credit reasons, not for disputes over the product or services quality or quantity ordered etc. These issues would be a Recourse Factoring transaction.

Factoring is a cash flow tool, not a way to get rid of bad debt. These customers belong to the company looking to factor so why would anyone expect for a factor to just buy a receivable and not have any recourse to the advanced funds over a dispute.

Just understand that Non Recourse Factoring is not selling the invoice and totally walking away. The responsibilities of providing a good product or service still applies. Do not miss the opportunity of signing up with a better factoring company because you thought you were signing up with a Non Recourse factor that allowed this.

The latest stats in from the Commercial Finance Association listed the results from surveying the Factoring Companies that are members had a 9.3% increase in Factored volume over 2004 to 112.8 Billion. Global Factoring volumes exceeded 1 Trillion.

The Factoring Industry continues to see growth because this powerful cash flow tool is getting the recognition it deserves and is embraced for the simplicity and solutions it provides.

Get a Free Factoring Quote by Clicking this Link

Have questions 888-603-0055

Thanks for reading!