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To Factor or Not to Factor?
by: Marty Milan

By: Marty Milan

The purchasing of accounts receivable (invoices) is generally known as factoring. Businesses can sell their invoices to companies known as factors. Although not all business are familiar with factoring, historians claim that factoring dates back to the ancient Roman civilization making it one of the world’s oldest methods of finance.

In the past, merchants used factoring to settle their trade debts among each other. Fast forward to today’s businesses profiles and it is apparent that factoring is still a very viable business tool for businesses all types and sizes. Can factoring work for your business? Consider the following benefits:

-Factoring provides a company with a continuous working capital, thus increasing their cash flow.
-Factoring has no limits, offers quick results and it’s accessible as well as flexible.
-Factoring stimulates growth and can finance expansion without debt.
-Factoring can increase production and sales.
-Factoring is not a lending service, rather it is thought of as a discounted purchase.

Factors do not normally charge interest, they simply buy the businesses invoices at a discount and collect a fee. Do not confuse the purchasing of invoices as a loan. Many small to mid-size companies that apply for a bank loan are usually turned down. Banks consider the amount of assets that a business has in order to secure the loan; Therefore, banks normally require a great deal of collateral from a business before they are approved for a loan. If and when a loan is approved, it may only be a small percentage
of the businesses total accounts receivable.

Factors are different, they are not subject to the same guidelines and regulations that banks are. Factors look at the credit worthiness of the business’s customers, not the credit of the business itself. The purchasing of accounts receivable never creates a debt to the business it simply gives them the opportunity to access their future money immediately.



About the author:
You have permission to publish this article in its entirety; However, the byline (resource box) must be left intact.

Marty Milan works with businesses to help them learn how they can access their future money now. Aside from factoring, you can read on various topics such as Lawsuit Funding, Structured Settlements, Selling Your Notes and more at www.cashflowaccess.com
mailto:cashflowaccess@aol.com


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 Debt Relief From Debt Consolidation
 by: Jakob Jelling

If you are up to your neck in debt, there may seem like there is no relief in sight. In fact this is not necessarily the truth. There are ways to take all of your stifling bills and roll them up into one neat package by using debt consolidation in two very popular forms Home Equity Loans, Refinancing Loans, and a Consolidation Credit Card. All of these instruments provide the debtor with one thing “relief” from the current debt by shrinking it down to a single manageable debt.

Using home equity to consolidate debts

One of the popular methods of debt consolidation today is the Home Equity Loan. What happens is that the debt is extinguished using the equity from a homeowner’s home. A loan is created outside of the mortgage in order to satisfy the debts. Should the homeowner default on the loan, their house is in jeopardy of being foreclosed upon if that loan is not satisfied with a specified amount of time.

Refinancing loans

People often consume the debt by rolling it into a new mortgage. This way the house costs more money to the borrower, but the debt is extinguished at close and the debt is neatly rolled away into the mortgage securely. Upon settlement of the loan, the debts are paid in full and satisfied. The clock on the mortgage is reset to day one.

Credit card consolidation

A low interest credit card is offered to the borrower to include any outstanding credit and loan balances. The interest rate is a low fixed rate for a period of up to one year, upon the year’s end it will resume at its normal rate. Upon acceptance and terms the account should be closed once paid in full and payments be made directly to the new credit card provider. Some people have been able to master paying off one credit card with another to keep the debt revolving and interest rates low. Some people fail to close out the previous creditors account and run them back up again as well.

All three of these options provide solid relief for the debt and help them reconstruct and manage their debt better.

By Jakob Jelling
http://www.cashbazar.com


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