Facts First

Straight facts on factoring – choosing, problems, renewing and leaving.

Leaving a factor

How to Switch Factoring Companies: 8 Steps, in Order

To switch factoring companies, get the new factor’s terms in writing and your brokers approved before you give notice. Then move on one cutover date. The old factor’s release letters reach your brokers first, then the new factor’s notice…

Industry: Freight

Leaving a factor

How to Get Out of a Factoring Contract in 9 Steps

To get out of a factoring contract, find the termination clause and write down four things: the end date, the notice days, how notice must be sent…

Industry: Freight