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In this tutorial, Ian from Eagle Business Credit discusses the process of changing factoring companies. He emphasizes the importance of reviewing your current contract for details such as minimum volume requirements and early termination penalties. If you're close to finishing your contract or have just signed a long-term deal, the costs associated with moving may be significant. Ian encourages anyone unsure about their situation to contact them for a free, no-commitment assessment of their contract. He acknowledges concerns about maintaining funding continuity when switching companies, particularly when considering membership in the International Factoring Association.
