A CHOCCS (Client Handles Own Credit Control) facility sits somewhere between Factoring and Invoice Discounting. Like Discounting, you will be responsible for chasing your invoices, however the arrangement is disclosed, so your customers will be aware you are releasing funds from your invoices. ​

Businesses typically choose CHOCCS when they do not want a funder contacting their clients directly, but do not have the infrastructure to qualify for an invoice discounting facility.

Whilst you might not want your customers being aware of the facility, the impact is minimal as the only change is the bank account they pay into. There are no changes to their payment terms and no additional penalties if they are late.