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Accounts Receivable Factoring is a financial service involving the conversion of credit bills into cash. The Factor assesses the risk of the list of Buyers, their credit rating, amounts and aging and other terms, and develops an factoring proposal. Upon acceptance the Seller transfers all rights to the Factor. The Factor will pay in cash up to 80-90% of the amount due, less commission. The Seller writes of the balance as uncollectible or similar.
Factoring services include: