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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Clayleas who wrote (24840)	3/29/1999 1:11:00 AM
From: Richard Miller	Respond to of 122087

You are an idealist. Have you ever factored? You are right they buy receivables. But guess what? If the company goes bankrupt, or a lien creditor or the IRS comes in, the factoring company may well be in second place. SOOO they send their auditors in first to make sure the company is strapped, but clean. No legitimate Factoring company makes loans to companies in real trouble with liens, etc. Mob factoring companies do, but often require life insurance on the borrower. Guess what often happens if the loan goes sour. Try to listen to others with real world experience. If you care to argue this post be my guest. I won't reply. I am not willing to attempt to teach those who refuse to learn.