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Subject:
remaindering bad debt
Category: Business and Money > Small Businesses Asked by: th1-ga List Price: $30.00 |
Posted:
08 Aug 2005 17:03 PDT
Expires: 08 Aug 2005 22:34 PDT Question ID: 553290 |
Help... I have a customer who owes me about $27k, from a series of bad invoices (and poor a/r management on my behalf)... she's paying us, but extremely slowly-- about $2k/mo!-- so I'd like to sell off the whole bad debt and walk away from all this. I've heard there are companes that will buy these bad debts for 50% and assume them. Questions: 1. is is really that easy? can I just sell them my bad a/r and they cut me a check and it's off my hands? 2. do they really pay 50% (or close to that)? I assume there's several factors that come into play but if it's closer to 10% (or 80%!) I want to know that. 3. how do I find a good one of these firms? thank you... |
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There is no answer at this time. |
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Subject:
Re: remaindering bad debt
From: daniel2d-ga on 08 Aug 2005 21:11 PDT |
There called "factors". Contact your bank and see if they can refer you. |
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