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FUND MY CONTRACTOR OFFER FULL CREDIT COVERAGE FOR THEIR FUNDING SOLUTION

FUND MY CONTRACTOR OFFER FULL CREDIT COVERAGE FOR THEIR FUNDING SOLUTION

Fund My Contractor, the short-term funding solution for contract recruitment placements, have engaged one of the top 3 credit insurance companies to provide fully comprehensive credit insurance for all funded placements.

Managing Director, David Cole, says “This policy will give greater protection to the agencies using our solution as it will guarantee payment opposed to the previous bad debt protection policy which only covered should a client go bust.  In this economic climate it is important for agencies to feel protected when funding their contractors so we took the decision to provide this service on all placements”

The policy provides Fund My Contractor agencies with fully comprehensive credit insurance in the situations where a client can’t pay/won’t pay and if a client goes into liquidation/administration.  Fund My Contractor realised that most invoice finance and funding facilities nowadays only provide bad debt protection and could mean that unpaid debtors would have a serious impact on cash-flow.

Commercial Director, Stewart Roberts, says “By using a leading credit insurer we have ensured that we can provide greater credit limits and work with our clients to ensure all debts are protected at no additional cost to our agencies.”

Fund My Contractor can provide funding on UK and currency placements based in the UK and internationally subject to a credit approval under their credit insurance policy.

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