V8Druid
do it as well as you can,but learn to do it better
'factoring' ... used to be big biz .... didn't think it happened so much these days .... most big outfits tend to insure against debt, rather than losing a percentage to factoring agencies on every bill. ... and spread the premiums over every customer's goods supplied.I was told that the credit on your account isn't actually with the big merchants. It's with a pending company via them and therefore thy have to pay to register your account. If it isn't being used they still get a charge from the lending company for your account.
Don't know how true it is but was the excuse used by one of the big merchants.
had a massive 'barney' with a stockholder many years ago when he was supplying a customer that'd taken them for a quarter £mil a few days earlier .... he'd said they weren't bothered as the debts were insured
"...and me and all the other people who pay you, suffer the premiums for that on our bills" ....
" .. 's the way it is Gra " ......
never used them again