Cpcmcredit Blog

Im increasingly coming across Invoice finance brokers who are also offering “insolvency services”. The latest example is someone I know well and trust. There are also invoice finance “brokers” who are directly employed by Insolvency Firms, which is perhaps a slightly different and arguably more controversial arrangement but ill address that another time

The problem with the former is that two different products are being offered which are contradictory. Finance should be geared to the prosperity of the business or at least, their longer term survival. But how does that sit with comfortably with the promotion of Insolvency (or the even more dreaded “turnaround”) services?

Im not saying that someone would deliberately hard sell a finance product riddled with costs and restrictions which will inevitably generate Insolvency business. Perish the thought..

In fairness, I wouldn’t expect that of my contact at all, but others?

Ive always avoided knocking rivals but its also important to stress ones services and the fact that they are offered without potential conflict of interest.

Trust has to be paramount. Brokers need to be clear headed and focused on only what is the very best for the client