When we speak to clients they are often upset that invoice finance companies charge additional fees that were not disclosed from the outset.
I am not sure I would go as far as to call them hidden fees but one thing I am certain about is that they could be more transparent.
While some companies simply have a service fee and discounting fee others have additional charges for virtually everything.
On this basis it is important you understand the total costs and all the fees charged before making a comparison. Headline rates can be misleading.
By way of a simple example, some companies include everything in their service fee while others will levy additional audit fees, annual renewal fees, etc..
Please remember to ask any lender for a full list of dispursements so you can make an informed decision.
Remember Bridger does charge hidden fees! Read here
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