I have been with Truckstop Factoring for two years. The first year and a half perfect. I didn't have to email or call about invoices. They paid on time every time. Now it seems that every week they are not paying on time or have banking issues. I honestly don't know what to do. I tried switching to Triumph but Truckstop has made it nearly impossible to switch. Any suggestions are welcome.
Truckstop Factoring
Discussion in 'Ask An Owner Operator' started by Trplog, Jun 26, 2023.
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
Say No to Factoring!
m16ty, RunningAces, Deadwood and 3 others Thank this. -
bamanation Thanks this.
-
Start saving money to find a end to the rat race.
There nothing wrong with factoring other than the vicious circle it starts. Good luck. Stay greenJubal Early Times Thanks this. -
Stop using factoring there is already too many hands in your pie as an MC. If you absolutely need some quick cash use a brokers quick pay option. Some reputable places only charge around 2%, which beats factoring and there is no ###### reserve. Once you've got some money stop using quick pay too.
Keepforgettingmypassword and 77fib77 Thank this. -
-
I’ve used OTR since day one. I have a some customers that I don’t factor their loads. That’s one of the main reasons I went with OTR. They won’t require all loads to be factored.
Vampire Thanks this. -
Use quick pay from broker. Then use that money to run next load or two without quick pay or factor.
Repeat that for a month.
Once the money from the other loads gifts the bank.
Run off your own money, or use your visa pay off at end of month. So your getting airline miles or points, plus a interest free short term loan.Keepforgettingmypassword, Shanebklyn and Vampire Thank this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.