Differences between Fair Finance (FF) and "Bank" Factoring

• FF only deal with Insurance claims in the Motor Industry and have the expertise to collect claims from them in an efficient manner.
• FF has a fixed cost and pay 100% of the gross value of the invoices less our charges.
• FF do not have a credit limit per customer nor an overall credit limit.
• FF do not ask for security, only clear title to the invoices.
• FF does not ask for all the business but allow the bodyshop to chose which invoices they wish to discount. Control of the bodyshop's cash flow rests with the owners.
• FF offers a same day service to customers.
• Bookkeeping is easier as invoices can be treated as a cash sale.