When we speak to clients they are often upset that invoice finance companies charge additional fees that were not disclosed from the outset.

I am not sure I would go as far as to call them hidden fees but one thing I am certain about is that they could be more transparent.

While some companies simply have a service fee and discounting fee others have additional charges for virtually everything.

On this basis it is important you understand the total costs and all the fees charged before making a comparison. Headline rates can be misleading.

By way of a simple example, some companies include everything in their service fee while others will levy additional audit fees, annual renewal fees, etc..

Please remember to ask any lender for a full list of dispursements so you can make an informed decision.

Remember Bridger does charge hidden fees! Read here

#finance #invoicefinancing

Subscribe to our newsletter

Thanks for joining our newsletter
Oops! Something went wrong while submitting the form.