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factor

This topic has 1 reply, 2 voices, and was last updated 2 years ago by John Moffat.

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May 26, 2022 at 5:01 pm #656511
AFNAAAN
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in factoring do the company pay both service fees (factor fee) and also interest on money received from factor in advance?
May 27, 2022 at 8:24 am #656615
John Moffat
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It depends on what services the factor is giving. There will always be a service fee payable. If the factor does give money in advance then there will also be interest payable.
I do explain this in my free lectures on factoring.
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