Credit insurance towards factoring

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Posted: Tue Jul 27, 2010 10:41 am Post subject: Credit insurance towards factoring

I've heard that credit insurance helps factoring companies in more ways than one. I'm here to know if it's of any real help. _________________ Register Now to have your Insurance queries solved.

Shepptuscany

Guest

Posted: Wed Jul 28, 2010 10:08 am Post subject:

Yup, it's all about bad debt protection. Individual customers are gonna have a specified credit limit underwritten by a factoring company. The co. will settle for a bad debt loss under circumstances that the customer turns insolvent up to a said limit.

steven

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Joined: 02 Feb 2006
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Posted: Thu Jul 29, 2010 7:15 am Post subject:

Factoring companies may stop underwriting fresh limits after a careful analysis of the overall debt associated with company. The client has one advantage in that he has to deal with a single co. only.

roddick

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Posted: Fri Jul 30, 2010 6:37 am Post subject:

I'm sure you'd come across a number of credit insurers in the market. This will make you aware of their various strengths and weaknesses. Now, the most important thing that you have to understand is which of these carriers will provide you with better coverage levels at a competitive price. _________________ AmPmInsure Blog

sil

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Joined: 30 Sep 2005
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Posted: Sat Jul 31, 2010 1:33 pm Post subject:

A few good industries e.g. apparel and textile has encouraged the growth of factoring in order to meet their working capital requirements. Such business would gain more cash out of their receivables, and they wouldn't maintain liability towards their payments. Of late we've come up with a number of institutions who've helped the growth of factoring across different lines of business.

JeremyHolter

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Posted: Wed Dec 21, 2011 8:13 pm Post subject: tOTNzLSdrqNGUWhsyex

If only there were more clever pelpoe like you! _________________ Register Now to have your Insurance queries solved.