'Recourse' or 'With recourse' factoring - we provide you only financing but not credit cover. Should your customer fail to pay up, we will have recourse to you to get back the money advanced to you. 'Non - recourse' or 'Without recourse' - where credit cover is provided and in the event of failure of the customer to pay, the factor will bear the bad debt risk. However, in India, this is yet to be introduced.