Medifactor







What Is Factoring

Factoring is the process of purchasing medico legal invoices owed to you in exchange for immediate payment. The service provides finance, a full sales ledger management, credit control and debt collection facility.

We recognise the need to respect the relationship between you and your instructing solicitor. Our team of negotiators have many years of experience recovering debt from solicitors and we understand that they are vital for your business to continue and grow.

We also recognise that there is uncertainty as to when a claim will be settled and paid to you, and for that reason traditional forms of factoring are unsuitable as they will usually only advance cash for a period of three months after which the advance has to be repaid by you.

Due to our close monitoring and flexible approach we are able to provide a factoring service which offers a cash advance for a period of 18 months.