dirtmonkey
Senior Member
Has anyone used a "factoring service'' for their business. It sounds like they just buy you're invioces or A/R. Just curious if this is good business?
NOBODY is worth giving 150 days to pay, I don't care who they are. Or, just factor the 2.0% per month finance charge into your base pricing. More than one way to skin a cat.
Bull. I have done literally millions of dollars of work for a big oil
Company. They take 180 days to pay but they pay me about twice per hour than what I make anywhere else. I can wait to get my money. It comes in like clockwork and has for years, it is just slow.
Yair . . .
I would be nervous, very nervous, about oil field work. Six months is way slow and it could get a lot slower the way the oil/gascos are bleeding at the moment.
Cheers.
If you are working for Billy Bob's oil then you have a reason to be concerned. Chevron, Texaco, Shell, etc you are going to get paid it is just a matter of when.