Lastly, we need to take care of what God allows us to steward. It must have come from God. God says he gives us the desires of our hearts. Since all good things come from God, it stands to reason our godly desires also come from God. This includes desires. Our God has cattle on a thousand hills. God says plainly our hearts are where are treasures are. Is Your Debt Standing Between You and God
Debt factoring takes place when a business sells its accounts receivable to a specialized finance company known as a factor. The business receives immediate cash from the factor and does not have to handle the collections process. Before entering into a debt factoring agreement, there are several key advantages and disadvantages to consider.The primary benefit of debt factoring is that it provides a quick method of financing. Instead of waiting to receive cash from customer accounts receivables, the factor pays the business immediately. This can be important if the business needs cash to pursue future growth or expansion. The amount of time it takes a business to turn cash to goods to cash is accelerated. The business does sell the accounts receivable at a discount, but it also hands off the entire process of accounts receivable collections. Under a factoring agreement, the factor purchases accounts receivable at a discount. Depending on the discount percentage, a factoring agreement may imply a higher cost of capital. This cost must be compared to the cost of other methods of financing which are available to the business.A second disadvantage is that when a business works with a factor, they are introducing an outside influence into their business.
In difficult economical times, debt can quickly rise, especially if payments are missed or interest rates are not fixed.