Stay Away from Interstate Capital Corp of Santa Teresa, NM

I don't even know where to start...I was lied to and defrauded from the very beginning. It all started when I received a flyer outlining all of these wonderful things Interstate Capital Corp factoring could do to help assist with quick pay on freight bills and fuel advances. The only reason I signed up with them was because they promised NO RECOURSE at 5% deduction...that was one big fat lie. As soon as a greedy broker refused payment on multiple loads that were picked up and delivered on time, these sharks turned on me. They never contacted the broker for payment, they just immediately demanded that I pay.

I offered to make small payments out of each load that I hauled in an effort to satisfy the debt without working for free again after I was cheated by the last broker. At first the CEO said "yes" in writing, but as soon as the first load came across his desk he took the whole load and changed his written agreement with me instantly...stating that he had the right to send old letters out that I'd signed for them to bill a specific list of previously factored brokers instructing them to pay him and not me. The load that he stole had never been factored before, I always billed them direct. He also negated the entire deal because I told him that what he was attempting to do (since I'd never factored this broker in the past), was fraudulent and promised he'd continue to fax these old letters out to every broker he came across to satisfy the debt.

The debt is currently still in litigation between my company and the broker, but ICC got tired of waiting and decided to put a lien on me. Instead of them fighting for their client, they turn on the truckers and will try to garnish any wages you get from any brokered load they can find in an attempt to satisfy a debt they should be collecting on.

This place is terrible and if anything goes wrong...AND IT WILL DUE TO THEIR UNPROFESSIONAL BEHAVIOR...THEY'LL PUT A LEIN ON YOU AND HARRASS YOU. IF THAT DOESN'T WORK, THEY'LL SEND FRAUDULENT LETTERS TO EVERY BROKER IN TOWN TO STEAL ALL WORK PERFORMED WHETHER YOU FACTORED WITH THEM OR NOT.

If you want to factor, please stay away from these clowns!!! Find a bank who will adhere to their written agreements.