Recourse Factoring
Recourse factoring is the term used when a factor company does not risk bad debts on behalf of your business, for example in the event of the invoiced company being unable to pay. In the event of an invoice not being paid, the debt factoring money must be returned to the factor company.
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.
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