Improve your business cash flow
Introduction
Running your own business can be stressful enough without the worry of cash flow. When your sales are healthy, this can be a huge barrier to your continued success.
This is where factoring could help you…
Factoring makes available up to 90% against unpaid sales invoices (less a small service fee) with the remaining balance made available when your customers settle their outstanding invoices.
Business management can be a juggling act, managing staff, deliveries, negotiating with new and existing customers – all of which take management time. This precious time can be increased through the provision of professional credit management. Statements and reminder notices are sent to your customers as part of a factoring facility, in a format agreed with you at the outset.
Most factoring companies provide comprehensive electronic links, to ensure you are kept fully updated on who has settled their invoices and enabling you to draw down money when you require it.
New CustomersNew customers will probably play a large part in increasing your turnover. Without knowledge of their credit standing, this could turn the excitement of a new order into the disappointment of a bad debt. Credit reference information gathered by the factoring company can be shared ensuring that a sound decision can be made whether or not to extend credit to a new trading partner, or to increase credit to an existing customer.
IVA's
The IVA Guide
Money Advice Direct has put together an IVA Guide based on the enquiries and questions that we receive at our helpline offices.
In the guide we cover such subjects as IVA Approval, early settlment of your IVA, missed IVA payments, IVA failure, additional debt claims and much more.
[click here for IVA Guide]
What is an IVA?
The IVA is an extremely powerful tool enabling you to clear your debt and return to a clean financial bill of health. Visit Money Advice Direct's Guide to Individual Voluntary Arrangements (IVAs).
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DANGER
Due to the tremendous demand for debt consolidation services the United Kingdom is now overloaded with debt management companies that contain misleading information. [more...]