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Richard Foulkes (X) United Kingdom Local time: 08:45 German to English + ...
Sep 17, 2014
Does anybody have any experience of factoring with single invoices (also known as single invoice discounting / finance)?
If so, I'd be grateful for any insights, guidance on typical fees / commission and any recommendations.
I have a substantial unpaid invoice and am wondering whether this would be more effective than the small claims court.
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John Fossey Canada Local time: 03:45 Member (2008) French to English + ...
Cash flow
Sep 17, 2014
Factoring is usually for cash flow management, not collection. A factor would not normally take on a doubtful account. For a percentage cut, the factor will take on your accounts receivable and pay you immediately, instead of having to wait 30-60 days.
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