---
title: "Whole-ledger factoring"
url: https://carrierkyc.com/glossary/whole-ledger-factoring
description: "Whole-ledger factoring is an arrangement in which a carrier sells all of its eligible invoices, or all invoices from approved debtors, to one factor under a continuing contract."
---

# Whole-ledger factoring

**Definition:** Whole-ledger factoring is an arrangement in which a carrier sells all of its eligible invoices, or all invoices from approved debtors, to one factor under a continuing contract.

Also called: Full-ledger factoring, Contract factoring. Category: Factoring.

Whole-ledger deals usually pair a [UCC-1](https://carrierkyc.com/glossary/ucc-1) covering all of the carrier's accounts with an [NOA](https://carrierkyc.com/glossary/notice-of-assignment) to every debtor. The carrier gets lower rates and steady funding; the factor gets volume, filing priority and control of where debtors send payment.

The risk is leakage. A client can still route some loads around you: to broker [quick pay](https://carrierkyc.com/glossary/quick-pay), to a debtor that pays it directly, or to a second factor. Each typically breaches a whole-ledger contract, and the last one is [double factoring](https://carrierkyc.com/glossary/double-factoring).

> **Red flag: Red flags** Volume falling while the client's trucks are still running. A debtor saying it paid the carrier or another factor. A new UCC-1 from another funder filed against your client. Periodic UCC searches on existing clients catch the last one.

Compare this with [spot factoring](https://carrierkyc.com/glossary/spot-factoring), and see the [double factoring guide](https://carrierkyc.com/guides/double-factoring-fraud) for monitoring steps.

## Related

- [Spot factoring](https://carrierkyc.com/glossary/spot-factoring)
- [UCC-1 financing statement](https://carrierkyc.com/glossary/ucc-1)
- [Notice of assignment (NOA)](https://carrierkyc.com/glossary/notice-of-assignment)
- [Double factoring](https://carrierkyc.com/glossary/double-factoring)
- [Double factoring: how it happens and the checks that stop it](https://carrierkyc.com/guides/double-factoring-fraud)