What to Avoid - XFactors Financial

What To Aviod

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Things to Avoid When Choosing a Factor Company

Is my credit score important to my factor company?

When it comes to the load, your customer’s credit is the important element since they are the ones paying the invoice, not you. With XFactors on your side, you are paid quicker and that enables you to pay your bills quicker. So your credit improves when you pay your bills quickly and on time! So the answer is yes, we care about your credit!

What happens if you don’t mesh well with your factor company? You might be stuck with them for a year or even longer. Or have to pay some exorbitant fee to cancel your term contract?

XFactors has no term contracts and no cancellation fees. We expect to earn your business every day!

Is the factor company charging individual and excessive fees for everything they do for me? Some factors will “FEE YOU TO DEATH”!

XFactors has no additional fees, everything is included in your fixed factoring rate.

Does the factor company specialize in trucking? Do they understand BOL’s, Load confirmations, OTR Permits, scale tickets and Lumper receipts?

All XFactors associates have multiple years in the trucking industry. We all know your lingo.

Do I need financial statements to apply?

With XFactors, you simply fill out a very basic application to get your factoring account set up.

Do I get to talk with the same account manager each time I call? Am I just a number?

XFactors is a small company, helpful and friendly. You can always talk with the same account manager if you want.

Tailored Solutions

Customized Factoring Plans for Your Needs

XFactors offers customized factoring programs with flexible rates, reserves, and fees to fit your business needs. Whether you’re new to factoring or need a tailored solution, we’ve got you covered!