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Sure you can- but unless you've got a very fat profit margin in the deal, there won't be anything left once you pay their fees. Even for large debts, you're going to pay a few points per month, and if it's a smaller amount, the fees are higher.
 

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You also better have Solid Gold credit. These companies are folding and merging as much as the bad mortgage banks right now. If your credit is that good, get a line at a local bank. You'll be way ahead. If it sounds to good to be true, it is, and the factoring receipts deal is one of them.
 

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Discussion Starter · #4 ·
I thought factoring was dependant on the payer's credit, not the reciever? I am talking about factoring where I am not responsible for repaying the debt. Non recourse factoring where they go after the one that is supposed to pay...the customer.
 

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you will only be able to factor the approved claim when the GC does there claim assement, you can not factor the entrie claimed amount until its approved.
 
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