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  • FIRST POST
    • jill36
    • By jill36 8th Sep 17, 10:28 AM
    • 877Posts
    • 7,065Thanks
    jill36
    Invoice factoring
    • #1
    • 8th Sep 17, 10:28 AM
    Invoice factoring 8th Sep 17 at 10:28 AM
    Would those who run a business recommend this as a way to keep my company 'afloat'




Page 1
    • zx81
    • By zx81 8th Sep 17, 10:46 AM
    • 13,147 Posts
    • 13,448 Thanks
    zx81
    • #2
    • 8th Sep 17, 10:46 AM
    • #2
    • 8th Sep 17, 10:46 AM
    It depends on your circumstances. Factoring brings payment quicker, but at a price.
    • ohreally
    • By ohreally 8th Sep 17, 12:06 PM
    • 6,218 Posts
    • 4,750 Thanks
    ohreally
    • #3
    • 8th Sep 17, 12:06 PM
    • #3
    • 8th Sep 17, 12:06 PM
    I know someone who does this and makes s good living out it, both parties appear happy.
    • agrinnall
    • By agrinnall 8th Sep 17, 1:40 PM
    • 18,405 Posts
    • 14,122 Thanks
    agrinnall
    • #4
    • 8th Sep 17, 1:40 PM
    • #4
    • 8th Sep 17, 1:40 PM
    Is late payment of invoices currently a significant problem for your business?
    • trailingspouse
    • By trailingspouse 8th Sep 17, 2:31 PM
    • 2,199 Posts
    • 3,068 Thanks
    trailingspouse
    • #5
    • 8th Sep 17, 2:31 PM
    • #5
    • 8th Sep 17, 2:31 PM
    It might make sense - it's impossible to say without having more details about your business - but I would be wondering why you are having trouble with either late payments or cashflow.
    • asajj
    • By asajj 8th Sep 17, 9:55 PM
    • 4,089 Posts
    • 10,171 Thanks
    asajj
    • #6
    • 8th Sep 17, 9:55 PM
    • #6
    • 8th Sep 17, 9:55 PM
    You need to look at the cost. It is perfectly viable for some businesses unless it is more costly than the alternative.
    £2015 in 2015 / £2015

    No buying unnecessary stuff.
    Clearing out by selling on Ebay, donating to charity etc.
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