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Post by Admin on Jun 24, 2013 11:09:36 GMT
Welcome to your new ProBoards forum! If you need any assistance with your new forum, our staff is available to assist you seven days a week. Please visit our Support Forum at support.proboards.com.
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rabf
New Member
Posts: 2
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Post by rabf on Jun 24, 2013 11:35:28 GMT
The Forum is about allowing business people to give their frank and open views on the asset based finance industry. We would request that comments and opinions are made so that they do not have to be moderated or taken off. Please always refer to the factoring company not to individuals as those comments will be taken off. RABF is here to give support and guidance if asked. Best wishes Brian Moore Chairman RABF www.rabf.org.uk
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Post by Admin on Jun 26, 2013 21:35:30 GMT
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Post by Admin on Jun 30, 2013 8:09:53 GMT
It is planned that this forum will be used as a member’s only private forum with no comments being made public as part of the next phase of the RABF campaign for robust regulation and compensation for those affected by fraudulent factoring companies.
We would like to point out there are some very honourable companies serving their clients surrounded by a sea of greed.
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Jane Sanders at JSCS
Guest
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Post by Jane Sanders at JSCS on Oct 7, 2013 13:36:15 GMT
Welcome to your new ProBoards forum! If you need any assistance with your new forum, our staff is available to assist you seven days a week. Please visit our Support Forum at support.proboards.com. Afternoon As the team have said, there are indeed some good firms out there offering appropriately priced factoring. Ethics, and a lack thereof, is where it falls down. A change in policy here, and a change in market conditions, and it suddenly becomes more economic for certain factoring firms to reduce a perfectly good business model to rubble, leaving a trail of devastation, debt and no income for its victims. This should not be allowed. Furthermore, if you are careful and know the agreements you signed up to, it often is not legal. But when you are on your knees you often do not have the money to read the small print. So please, please take advice and read the small print before you sign. Only then can you know how to fight back if the worst comes to the worst.
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Post by janesanders on Sept 26, 2017 13:34:59 GMT
Hmm I don't know if I'm supposed to say this i.e. I'm not familiar with forum rules, but I'm a specialist lawyer and I've been referred here by my clients who are horrified with P2P lending and factoring. I was reading a P2P post today here and it doesn't surprise me that there's so many issues. One of the case I've been involved in has had direct consequences thus far, and it's about time people realised that they have the right to remedies that are achievable without giving away your rights.
As for these damn agreements, if people knew the legal meaning behind the terms that they were so blithely agreeing to they would never sign them. I prefer to advocate making the agreements watertight by negotiating up front, but so many people see the efficacy of the money on offer and just go in, and then hope nothing ever goes wrong. Problem is, when these agreements regulate your cashflow, having a dispute with that company is tantamount to business suicide! Then they cripple you when you have no cash to combat them and take everything you've worked for. That's where I always seem to come in. I want to come in at the beginning and the cost of negotiating these terms is so, so much cheaper than when someone is trying to take your assets via a PG.
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