You’ve likely dealt with frustrating
clients before. Sometimes a debtor will simply avoid you until they declare
bankruptcy. Some are just chronically late or irresponsible and dealing with
them can be just as tough.
Sometimes, it takes a lot of work to get
clients to hand over the money you’ve earned. There are plenty of techniques to
chase clients down, including contacting them regularly, using an escalating
tone, claiming interest, and even bringing the client to court. Not only will
these steps sour your relationship, but they cost time and money you don’t
have.
With factoring, you receive your payment
from a factoring company, who issues your invoices and collects payment on your
behalf. Factoring is a huge benefit to your business, but non-recourse
factoring is even better. That’s because non-recourse factoring removes the
credit risk of unpaid invoices.
With traditional factoring, if a client or
customer refuses to pay, the factoring company usually expects you to buy the
accounts back, at their original cost. To do this, they often withhold some of
the value of your future invoices (which defeats the main benefit of invoice
factoring—it’s predictability). While it’s helpful that you save some of the
costs of dealing with your unpaid invoices, this kind of accounts receivable
financing leaves the biggest risk in your hands.
Non-Recourse
is The Smarter Choice
Non-recourse factoring is different. At J D Factors, we pay you within 24-hours after you issue an invoice and we take on all the risk and costs of
dealing with your clients. If they never pay, that’s our loss. Period. That’s
why non-recourse factoring is a great risk management option for your business.
At J D Factors, we’re experts at collecting
on accounts receivables. We have the experience and techniques to minimize the
risk from the accounts we take from you. We’re good at what we do, so you can
spend your time doing what your business is all about—delivering your products
or services.
An
Investment in Your Time
Rather than worrying about unpaid invoices
or cash flow, with non-recourse factoring you simply pay a factoring fee to
save yourself the time and money you’d be spending chasing after clients. When
you offload your unpaid invoices to J D Factors you won’t have the worry of a
credit risk associated with some clients. Non-recourse factor allows you to establish
worry-free relationships with new clients. If they turn out to be bad risks,
the risk is ours. You’ll still get paid.
Contact J D Factors to start non-recourse
factoring and truly free yourself from the drain of unpaid invoices.
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