Debt Factoring

Debt Deep Dive with Todd Davis and Kia Thompson

The episode explains debt factoring, a financial service where a company sells its outstanding invoices to a third party (a factor) at a discount for immediate cash. This improves cash flow and saves time, but involves costs, reduced control, and may not suit all businesses. The article details the process, benefits, drawbacks, and factors to consider before using debt factoring. It also highlights other related services offered by Corporate Debt Recovery Limited.