Looking to change your existing factor company
Are you paying too much in Factor Fees to your current factor company?
If you are already using invoice discounting or factoring your debtor’s ledger and you are already familiar with the benefits of factoring but may be looking to change your factor company.
You should be already renegotiating with your current factor company a drop in your factor fees if;
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Sales volume of receivables has gone up. |
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The dollar amount of factoring has increased |
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Overall customer history in collecting factored invoices within the factor periods |
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The business creditworthiness has improved |
Maybe you have failed to negotiate with your current factor company a drop in factor fees or to
get the best terms that suits your business.
We recommend that you should look at Competitive Factors and you will see how competitive
our
fees are:
Click here for lower fees - let you be the judge!
Remember…..Unlike other factor companies Competitive Factors do not charge additional administration, management fees and high interest rates on the outstanding invoice balances.
But moving factors is a difficult process, isn't it?
No, this is a common misconception. Competitive Factors can guide you through the process,
taking the pain out of the transition.
We will help you through the process to wind down your current factor company facility and start
with Competitive Factors:
- Competitive Factors will discuss with you and help structure and agree
the right facility for you.
- Once agreed you sign and dated the Factoring Agreement.
- Competitive Factors will advance immediate cash to you based on
your current sales invoicing you assign to Competitive Factors.
- You can give notice to your current factor company and you are safe in the
knowledge that you have an immediate access to your cash facility agreed
with Competitive Factors.
- Please note that the Competitive Factors representative will guide you
through the easy to follow forms so you can get your money without delay.
Remember … Our rates are competitive.
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