Debt Factoring

[@lovemaroon-hd7xk]

This was very helpful, thank you!

[@willellis1374]

we love watching you in our business classes, keep up the good work!

[@krumplisteszta4325]

finally i understand it lol thank you!

[@gbalkarr]

finally an easy video

[@ulugbekraxmonov9114]

How debt factoring companies make profit what's benefit for them

[@mariamwael8634]

Exactly I don’t understand it either

[@bloonjake3429]

@@mariamwael8634 In the video's example, the factoring company will pay the business £90M on the spot. Then, when the customers (debtors) pay the £100M of debt that they originally owed to the business, it instead goes to the factoring company. Factoring company spends £90M today, but gets the full £100M in a month's time, for example. Hope this helps.

[@laxmityagi2861]

If a factoring account is given under Current assets of a firm, then it should be treated as a part of cash or debtors?

[@DaddyAboodi]

THANK UUUUUUUUUUUUUUUUUU

[@hleo2612]

Didn't understand a thing but it feels like a me problem rather than you being unable to teach kuddos to you