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If a factor company does not risk bad debts on behalf of your businesses, this is recourse factoring. For example, if an invoiced company cannot or will not pay. In this instance, with recourse factoring, the debt factoring money must still be returned to the factor company. Because the debt is not covered, recourse factoring can be a cheaper alternative to non-recourse factoring.
Using recourse factoring is a cheaper alternative to non-recourse factoring, where the debt is covered, and can also lead to faster payment times due to the lesser need for credit check and other legal checks.