Quick Pay vs Exclusive Factoring Companies

[MapTrotter23]

Probably a pretty standard question for many of you that use/have used factoring companies ran into. Since brokers offering quick pay usually offer a better rate than the rate factoring companies do, can I not have a factoring company factor a load and just use quick pay, even if the contract I signed with the factoring company states that I may not use another factoring company (thus, be exclusive)? Since quick pay is offered by my broker rather than a third party, can I just use that?

 

[Duck]

I don't see why not, since factoring and "quick-pay" are technically not the same thing.

 

[Injun]

If your broker is paying you, it's not being factored.