When you factor, you sell your open receivables from consumers to a financial partner without any recourse to collect on those liabilities. Your finance partner will pay your receivables, deducting any discounts that have been agreed upon. This allows you financial liberty at attractive terms.
At True Contracts, we offer you two methods for financing your receivables from customers:
Using the single-debtor approach, you can sell select receivables to banks and factoring providers at funding conditions that you determine. It is an ideal tool for managing liquidity and risks appropriately.
With the portfolio solution, you periodically sell your consumer receivables portfolio to qualified banks and factoring providers. It is an optimal choice for corporations considering factoring as a cornerstone of their long-term financing strategy.
