When providing finance some banks may insist you include their credit protection. Do you feel they exert too much control over your business? Obtaining a separate policy from an insurance company can result in increased credit limits, thereby improving the levels of finance available. It can also avoid the possible conflicts of interest that arise from an invoice discounter financing invoices set against credit limits set by the invoice discounter. Having ‘all your eggs in one basket’ is seldom in the interests of the customer. Leave lending money to the banks and assessing and taking risk to the insurers.Get in touch with us here to find out more information on how this can be avoided.
Irritated the bank is forcing you to take their credit protection?Dale Wilson2023-03-29T14:11:10+00:00