Collection Debt Factoring-Your debt is factored at ease!

Get your debt payments collected at ease. Collection debt factoring will help you recover all your held back debt payments. Are you finding it difficult to follow up with each of your debtor for repayment.

Factor debt and ease your tension of debt collection !

We’ll process all your invoices and allow you to collect your amount. The Factor collects the debt from your customer directly but will usually agree collection policies with you, in order to ensure faster customer payment without loss of goodwill. With invoice discounting responsibility for collection of debts remains with you and the service is normally undisclosed to customers.

For both business factoring and invoice discounting there is a service charge, normally a proportion of turnover, and a discount charge, based on the amount of finance provided. Generally debt finance providers are looking for 'clean' invoices where there is clear evidence of delivery of the goods or service and a low level of disputes or credit notes.

It may not be available for some industries, for example contracting, where there is a high level of retentions and variation orders. Providers of debt finance usually acquire your debts with recourse to you if the debtor does not pay. This means they will reclaim the amount already advanced to you should your debtor not pay in a given time period. Alternatively, you may take out insurance against non-payment by your debtors. Many factors and invoice discounters can also provide bad debt insurance.