Once a factoring agreement has been signed the process is very simple:-

Step 1
You provide the services to your client as per the instructions from the solicitor

Step 2
You send the invoice to the solicitor with the agreed wording as supplied by Medifactor

Step 3
You send a copy of the invoice and letter of instruction to Medifactor

Step 4
Medifactor will advance the pre-agreed % value of the invoice within 14 days of receipt either by BACS or cheque

Step 5
Medifactor will collect the outstanding debt