Changing factor or invoice discounting?
Service problems or you just think you are paying too much for your present factoring or discount service? factoringcompare.com can assist you to obtain the right facility. Review our interactive quote system and find out what other invoice financiers offer.
factoringcompare.com will immediately search for the best quote to fit your circumstances without any obligation on you. You will be asked straightforward questions relating to your business. factoringcompare.com will present online quotations from suitable funders, which you can approach or not approach as you wish. The lenders will be unaware of your enquiry until you agree to speak to them and factoringcompare.com effect the introduction.
Transferring is much easier than you may think.
Check your agreement to see when and how much notice is required. factoringcompare.com can review for you and advise if you wish. Leaving earlier could mean a sizeable termination fee. In these situations factoringcompare.com can sometimes help negotiate a reduction or contribution towards the cost involved.
Once you have agreed terms with your new provider they will approach your existing invoice financier and agree a transfer date.
Information will change hands prior to this in preparation for the move. When the agreed date arrives your new provider simply 'buys' your ledger from the outgoing factor and you proceed with the new funder.
With our Banking background and independence factoringcompare.com will fully utilise our industry knowledge to suggest mixtures of facilities if appropriate, factoring or invoice discounting is not always the complete solution. Moving to a invoice financier that has particular sector experience or increased flexibility towards business type could be the answser.
If the concern you have with your current provider/facility is based on other aspects of the relationship other than cost, you wish to discuss with us so factoringcompare.com can narrow our search.
factoringcompare.com are completely independent and search the market though our extensive list of funders to get the right facility, with the right flexibility, to provide you with the right amount of funding.
Author: Toni Nicholson, factoringcompare.com, 10/01/2010