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Project Bank Accounts, have you heard of them?
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<blockquote data-quote="ProDave" data-source="post: 460745" data-attributes="member: 6969"><p>From time to time I get "factors" offering me their services.</p><p></p><p>It seems to be on the lines of you submit the invoice to the factor who pay you immediately less a commission. They then bill the payee and have the fight (if any) to get paid.</p><p></p><p>I guess something like that might be worth considering if you have a suspicion that the payee may be in trouble. But you would have to read the small print, e.g would the factor want their money back from you if they never got paid by the payee?</p></blockquote><p></p>
[QUOTE="ProDave, post: 460745, member: 6969"] From time to time I get "factors" offering me their services. It seems to be on the lines of you submit the invoice to the factor who pay you immediately less a commission. They then bill the payee and have the fight (if any) to get paid. I guess something like that might be worth considering if you have a suspicion that the payee may be in trouble. But you would have to read the small print, e.g would the factor want their money back from you if they never got paid by the payee? [/QUOTE]
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Project Bank Accounts, have you heard of them?
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