Invoice factoring / single invoice discounting
Thread poster: Richard Foulkes (X)

Richard Foulkes (X)  Identity Verified
United Kingdom
Local time: 02:17
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.


 

John Fossey  Identity Verified
Canada
Local time: 21:17
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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Invoice factoring / single invoice discounting

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