Truckstop’s Post

Non-recourse factoring for your business! ✅ We provide non-recourse factoring, which means we assume the credit risk. If an invoice you factor with J D Factors isn’t paid for a credit reason, you are not liable. #CashFlowSolutions #FactoringSolutions #Factoring

Recourse factoring is the most common and means that your company must buy back any invoices that the factoring company is unable to collect payment on. You are ultimately responsible for any non-payment. The factoring company should make every effort to collect repayment on your behalf. #recoure #factoring #payment #tradereboot

Here are the major differences between recourse factoring and nonrecourse factoring! The main difference between recourse factoring and non-recourse factoring is which party is ultimately held responsible for customer nonpayment. With recourse factoring, the business is responsible. But with non-recourse factoring, the factoring company is responsible, although there may be some stipulations based on the terms of the agreement. Watch the full video, for other differences! #recourse #factoring #tradereboot

Quick tip: Forfaiting is a form of factoring. It involves the sale by exporters of large, medium- to long- term receivables to buyers (forfaiters) who are willing and able to bear the costs and risks of credit and collections.

It's essential to choose the right factoring company that aligns with your needs, understanding the differences between recourse and non-recourse factoring, and being aware of potential hidden fees.

It's essential to choose the right factoring company that aligns with your needs, understanding the differences between recourse and non-recourse factoring, and being aware of potential hidden fees.

It's essential to choose the right factoring company that aligns with your needs, understanding the differences between recourse and non-recourse factoring, and being aware of potential hidden fees.

It's essential to choose the right factoring company that aligns with your needs, understanding the differences between recourse and non-recourse factoring, and being aware of potential hidden fees.

It's essential to choose the right factoring company that aligns with your needs, understanding the differences between recourse and non-recourse factoring, and being aware of potential hidden fees.

It's essential to choose the right factoring company that aligns with your needs, understanding the differences between recourse and non-recourse factoring, and being aware of potential hidden fees.