"I would like to thank you personally for the professional manner in which you dealt with our problem" Mrs T Wright Oxford"
We feel that our costs reflect the quality of our service as well as offering you added value of our service. Our costs are made up of two factors these are interest rates and our credit management fees.
Our interest rate is calculated daily to ensure that our customer receive our service fees at a current rate and can range from between 1.5 to 3%
Our Credit management fees cover administration costs and will depend upon your company's turnover, it also takes into account the amount of invoices and the amount of customers you have. These can range from 0.75 to up to 2.5% of turnover.
At Invoice factoring a risk assessment will be utilised when there is likely to be any negative debts. This will have an effect on the credit protection charges which will be levied in non – resource factoring on any arrangement where this is likely to occur.
At Invoice factoring we require three months notice to end the service.