New Search :
We suggest you :

Products and services



Is it easy to terminate a factoring arrangement?


If you wish to terminate your factoring agreement, the first step is to check the contract for when notice can be given and for stipulations on minimum terms, such as contract length or minimum service charges. If you can meet all of these, then cancelling an agreement is easy. However, terminating a factoring arrangement before the agreed date can be costly, with penalties and administration fees normally being charged by the factor.  In this case it is sensible to seek independent advice or speak to your factor about what options are available, such as moving to an alternative form of invoice finance or renegotiating your contract terms.

Fill in this form to compare up to 4 quotes:

Companeo : Factoring: Compare price quotes
  • Why turn to a factor rather than seek a bank loan?
  • How does a factoring finance arrangement work?
  • Who collects the debt due, the factor or my business?
  • What's the difference between factoring with recourse and factoring without recourse?
  • Does factoring require a minimum number of invoices?
  • What does a factoring company do in the case of nonpayment?
  • Do my customers know of the factor’s involvement?
  • What are the requirements for invoice discounting?
  • Is there any collateral requirement for factoring?
  • How quickly can I access cash for the invoices I sell to a factor?
  • Who do I turn to if I have a dispute with my factoring company?
  • I have overseas clients; can I factor international invoices?
  • What regulations apply to factoring companies?
  • What does working capital mean to your business?
  • What is the difference between factoring and bill discounting?
  • What is credit insurance?
  • What is export factoring?
  • What is the difference between invoice factoring and merchant cash advance?
  • What is the difference between factoring and securitisation?