Checklist for things to watch in Factoring

Some things you will need to watch out for are:

  • Term of the contract.

  • Termination clauses.

  • Whether there is a trial period.

  • Whether the factoring company has a good reputation and references.

  • Whether there is a personalised customer service team available for you.

  • Whether they have export factoring capabilities.

  • Whether there is any bad debt protection.

  • Whether there is any other information required in your application, which you may not want to provide.

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