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hi there its ian with equal business credit here today to answer the question what is a notice of assignment so a notice of assignment or noa letter is a one-time notification from your factoring company to your customer that theyre involved with your receivables and that they would like the customer to remit the payments directly to the factor again its a once only letter it goes out at the beginning of the relationship to formally notify that customer to change their remit information some people who sign up for factoring get concerned about that what does it mean in terms of my customer relationship hows my customer going to react and those are great questions ultimately most accounts payable departments of companies that youre dealing with will not have any issues they will have already come across a factoring company may have seen a notice of assignment letter previously and know that all they need to do is pay you but at a new address the factoring companys address so it s
