Question
Who can buy our past due receivables?
I work for a Gate/ fence and access controll company, we service commercial companies such as apartment homes, and schools. We have invoices that are past due from 2006 all the way to 2007, we want to clear our agent and need somone to either collect our accounts or to BUY our receivables, is there any one who can do that?
2 years ago - 2 answers
Best Answer
Chosen by Asker
It is called "factoring your receivables". Basically a factoring company will buy the value of your receivables from you at a discount. Contact a few, just search the internet.
Source(s)
business experience
by W S C
2 years ago
Asker's Rating: 
Other Answers
If you want to have someone else do the task of collection, you will have to engage a collection agency. If you want someone to buy your AR, this is called FACTORING. You can look for companies in your local area by searching on the internet.
by InspectorBudget- 2 years ago