Credit Insurance vs Factoring

Credit insuranceMany times people don’t understand the relationship between credit insurance and factoring. In fact, a lot of people will search google for ‘credit insurance VS factoring’. It doesn’t work that way though! Credit protection and factoring work hand-in-hand.

When a company factors their invoices there is always a risk of your client going bankrupt.  If this happens and has no credit insurance you may not ever see your money.  At Paragon Financial we include credit protection with all our receivable financing and invoice factoring programs. Protecting you from bankruptcy from your client. For more information on credit insurance and factoring click here.

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