Account Receivable Factoring

What is Account Receivable Factoring?

 

‘Account receivable factoring’ describes a method which many merchant companies use for acquiring debt owed to them – future receivables from invoices are sold to a third party, or a portion is paid to the third party for collecting outstanding debt on an account invoice. Professional debt management services are useful, as few businesspeople have the time to personally chase after those who owe money and extract the owed amount, and professionals can do this efficiently on the behalf of business owners and individuals.

 

 

Do you Need Account Receivable Factoring Services?

 

If you own a business and are looking to sell future receivables from invoices, professionals can help you and can advance you a reasonable percentage of the receivable, with the final amount depending on the likelihood of the person who owes the money paying and other factors. Debt management professionals who provide assistance with recovering debt worldwide allow business owners to get on with important business, doing the legwork in collecting outstanding debts. 

Debt Collection

Looking for a Debt Collection Solution?

The words “economic crisis” are on everyone’s lips these days, and it’s impacting everyone in different ways.  Unfortunately for many businesses, an economic downturn means less profit.  To make matters worse, many debtors are falling behind on their debt, leaving companies with even less crucial cashflow.  Performance Source understands how today’s economic woes are affecting companies, and is ready to help you in the form of professional, experienced debt collection.

Get the Benefit of Experienced Debt Collection Services

If a customer owes you money and isn’t upholding their end of the bargain, using a debt collector with the experience and knowledge of Performance Source increases your odds of recouping your losses.  For a minimal collection fee of 22%, Performance Source will help you collect on bad debts.  If your company is strapped for cash as a result of the economic crisis, every collected debt can help.  For more information, visit www.performancesource.com and find out how you get your money in the bank, faster.

Performance Source

If you have overdue Debt Collections, Account Receivable Factoring in your business, you need to check out the PS II system.