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Are You a Candidate for Debt Consolidation?
Debt consolidation is a means of debt relief. It allows the borrower to take out a loan which is then used to pay off debt from other loans as well as from credit cards. These products are often necessary in that they provide the ability for you...
Are you like millions of Americans struggling to manage their debt - Debt Management can help
Are you like millions of Americans who are struggling to manage their debt effectively? Well, you don’t have to be! Debt management is important to understand so sit back and learn something new today. There’s nothing to be ashamed or embarrassed...
Begin Again: The Simple Truth about Getting Debt Free
Revealed by a Debt Expert's Personal & Professional Coach...
I first met Jeanna about 6 years ago when I attended a "CASH FLOW 101 Event" in the Bay Area (Northern California). She amazed me, facilitating "financial learning" for a room full...
Choosing the Right Debt Management Service
Regardless of age many consumers are guilty of committing financial suicide. For some people juggling bills and robbing Peter to pay Paul is a vicious and endless cycle. The average American lives ten percent beyond their means. For the...
The Pro's and Con's Of Debt Consolidation Loans
You are swimming in debt. You have 4 credit cards maxed out, a car loan, a consumer loan, and a house payment. Simply making the minimum payments is causing your distress and certainly not getting you out of debt. What should you do? Some people...
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Invoice Factoring: Hot to finance growth without debt or banks
There are few bigger challenges for business owners and managers
than waiting 30 to 60 days to get paid by their customers.
Although large businesses can usually afford it, smaller
businesses can't afford the wait. As a matter of fact, waiting
to get paid on their invoices can create cash flow problems that
affect the owners ability to meet payroll or pay the company's
bills. This problem can be more frustrating if the business has
a number of orders that it cannot fulfill because its cash is
tied up in unpaid invoices.
How can invoice factoring help you?
Invoice Factoring, also
known as accounts receivable
factoring, is a financial tool that allows small business
owners to capitalize on the power of their slow paying invoices.
It allows you to turn your invoices into immediate cash,
enabling you to fund your business operations. Although it is
not a well-known fact, invoices from strong credit worthy
commercial clients are excellent collateral, especially for
factoring companies. Although most banks won't take invoices -
factoring companies are more than willing to provide you with
financing based on them. This makes it an ideal financing
vehicle for small and mid size businesses, as well as
knowledge-based companies and employee intensive firms.
How does invoice factoring work?
As opposed to most banks that lend you money against hard
collateral, invoice factoring companies buy your invoices
outright. The factoring company buys your invoices and provides
you with funds immediately, while they wait to get paid by your
customers. Factoring is best described with an example:
1. Let's say that you sell services to Company A and Company B.
As soon as you provide the services, you invoice them.
2. At the same time, you send copies of the invoices to the
factoring company, who buys them and provides you with
an
advance payment for them.
3. The factoring company waits to get paid by your customers.
Once paid, any remaining funds are remitted to your company.
The invoice factoring process can be repeated every time you
invoice, providing you with a flexible line of financing that
grows with your business.
How much will an invoice factor advance my business?
Factoring transactions are commonly done as a two-installment
sale. The first installment is called the advance and is paid to
you as soon as you submit the invoices. Advances can range
anywhere from 60% on the low end up to 90% of the gross value of
the invoices. The average advance is about 75%.
The remaining installment, called the rebate, is remitted to you
once the invoice is paid. Factoring fees are deducted from the
rebate.
The cost of invoice factoring
The cost of a factoring transaction is determined by three
criteria. First, the credit worthiness of your customers.
Second, the length of time that your invoices take to get paid.
Lastly, the monthly factored volume.
Your cost, actually called a discount, can be as low as 1.5% or
as high as 12% per transaction depending on how you fit the
previous criteria.
How can I determine if invoice factoring will help me?
Generally speaking, invoice factoring will help you if
you have a business that has reasonable profit margins or is
growing quickly. Mid size companies with 20% or more profit
margins or large companies with 15% profit margins can usually
do well with accounts receivable factoring.
About the author:
Invoice Factoring Group
and its small business invoice
factoring subsidiary can provide you with factoring quotes
at no cost to you. Marco Terry, its president, can be reached at
866-730-1922.
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Advertisements Promising Debt Relief May Be Offering Bankruptcy |
Cautions consumers about ads in newspaper, magazine and telephone directories that offer quick fixes for debt problems. |
www.ftc.gov |
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Welcome to Debt Relief International |
Welcome to the web site of Debt Relief International. |
www.dri.org.uk |
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Debt relief steps, your free guide to debt help. |
Articles on debt relief, and credit management and repair. |
www.debtsteps.com |
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Factsheet - Debt Relief Under the Heavily Indebted Poor Countries ... |
The HIPC Initiative is a comprehensive approach to debt reduction for heavily indebted poor countries pursuing IMF- and World Bank-supported adjustment and ... |
www.imf.org |
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Special report: debt relief | Special reports | Guardian Unlimited |
February 6: A year ago the Guardian set out to track the west's promises of action for Africa on aid, trade, health and debt relief. As G8 finance ministers ... |
www.guardian.co.uk |
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Debt Relief Options - Findlaw for the Public - |
Welcome to Debt Relief Options. This section contains information about the ... To begin, select one of the Debt Relief Options topics from the list below ... |
bankruptcy.findlaw.com |
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William Brewer |
The Brewer Law Firm. William E. Brewer, Jr., Attorney at Law Board Certified Consumer Bankruptcy Specialist. 619 N. Person Street Raleigh, NC 27604 ... |
www.debtrelief.com |
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Debt Relief - InCharge Debt Solutions |
There are many ways to get out of debt, for good, and it may be easier than you think. The first step is knowing your options, the second step is taking ... |
www.incharge.org |
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Economic Policy and Debt |
May 2006, IMF And World Bank Support Cameroon’s Completion Point Under The Enhanced HIPC Initiative And The IMF Immediately Grants 100 Percent Debt Relief ... |
www.worldbank.org |
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Economic Policy and Debt - The Enhanced HIPC Initiative |
The Initiative’s debt-burden thresholds were adjusted downward, which enabled a broader group of countries to qualify for larger volumes of debt relief. ... |
www.worldbank.org |
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Debt relief - Wikipedia, the free encyclopedia |
Debt relief is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. ... |
en.wikipedia.org |
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Debt Analyzer, Debt Reduction Software, Home Page |
Debt Elimination at its best! Potential savings of hundreds or thousands of dollars! Build debt reduction, timed elimination or consolidation schedules. |
www.debtanalyzer.com |
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Superior Debt Relief |
We help you get rid of credit card debt much faster than you may believe possible with credit card debt settlement and negotiation tactics, providing debt ... |
www.superiordebtrelief.com |
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Debt Relief - Social and Economic Policy - Global Policy Forum |
Aid Inflows, Debt Relief Yet to Translate into Reduced Poverty (March 20, 2006) ... Fearing that the IMF could tie debt relief to economic benchmarks, ... |
www.globalpolicy.org |
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Debt Relief - Global Policy Forum - Social and Economic Policy |
Debt Relief - Global Policy Forum - Social and Economic Policy. The Debt Relief Page Has Been Moved to: ... |
www.globalpolicy.org |
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BBC NEWS | Business | Q&A: African debt relief |
BBC News looks at the progress of international debt reduction efforts, and the sticking points which continue to hamper the process. |
news.bbc.co.uk |
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Debt Relief Australia - Start Reducing Debt Today! |
Debt Relief offers Australians in debt assistance with finding the most appropriate debt relief solution. |
www.debtrelief.com.au |
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Debt Consolidation Australia, Debt Relief & Bankruptcy Information |
Specialising in debt agreements, mortgage refinancing and bankruptcy. Company profile, calculators, solutions, media releases, testimonials and existing ... |
www.foxsymes.com.au |
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Oxfam - Debt and Aid - Debt Relief for Nicaragua: breaking out of ... |
Oxfam policy paper on relationship between international debt servicing and poverty. Linked to table of contents and also zipped for download. |
www.oxfam.org.uk |
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What debt relief means for Africa | csmonitor.com |
This weekend's $40 billion debt cancellation deal could spark major improvements in the lives of the world's poorest people. |
www.csmonitor.com |
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