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These are debt collectors, you've definitely heard of them, and they're all super shady. This is just how it works. A normal business, say your bank or you ene
by mattmanser 6y ago
These are debt collectors, you've definitely heard of them, and they're all super shady. This is just how it works.
A normal business, say your bank or you energy supplier or your software supplier, will try and recover a debt with some basic attempts. But then they'll bundle together all their debts and sell them to debt collectors for pennies on the pound.
Don't know why they're called a factoring company in Holland.
- mcv 6y ago> "Don't know why they're called a factoring company in Holland." To me it sounds like a bad translation. "Invoice" in Dutch is "factuur". "Facturering" is the process of sending an invoice. I have often encountered the word "factoring" as a supposedly-English translation of it.
- Someone 6y agoBecause that’s what it’s called in English. https://en.wikipedia.org/wiki/Factoring_(finance) https://en.wikipedia.org/wiki/Factoring_(finance): “Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount“