Can I still collect the accounts or will my customer accounts be subject to aggressive third party collection efforts by the factor?
Yes, you can continue to participate in the collection process. In fact, most factoring companies encourage their clients to participate in the collection process in the interest of preserving continuity with their customer relationships. As a financial incentive, the Client is rebated a part of the discount fee based upon a schedule of declining days outstanding.
Related Questions
- Can I still collect the accounts or will my customer accounts be subject to aggressive third party collection efforts by Charter Capital?
- Can I still collect the accounts or will my customer accounts be subject to aggressive third party collection efforts by the factor?
- If a customer uses a third party to pay their freight bills, will they still be subject to the finance charge?
