The $25/week is for 16 weeks and it's in case you abandon the truck at a location the company hasn't agreed upon. It goes into an escrow and you're supposed to get it back if you quit and leave the truck at an agreed upon location.
Get it in writing BEFORE you leave the truck anywhere other than a company terminal.
Noggin, did you leave your truck at a terminal or at another location and did you get your escrow back?
So, about this contract
Discussion in 'PAM' started by dkesler27, Sep 18, 2011.
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a friend of mine resently informed me that the his local unemployment dept. would pay for his cdl training at a local college. As part of a retraining program. there is also other programs that will do this if your a vet. both are a free service. with the unemployment office you just need to regestered in that office. Although differant states could have differant qualifcation for these programs. check with yours before you sign that contract
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It's $6000 dollars but if you fulfill your contract it only costs you $2000 and they hold out $45 a week after you become a first seat driver until your year is up and then they pay off the loan and give you whatever extra you may have.
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I got my full escrow back after 90 days. -
(its been a couple years, so the exact numbers are long gone from my brain lol) -
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Noggin I just graduated from C1 and it is 2000 well exact amount is $1995 after your year they give you a $4000 grace so originally it's $5995. -
Then the price has gone up since I went through...ridiculous.
For as much as they make per week, they should at least get new(er) equipment. -
Places like Taxachusetts and such allow this. This is why most of your cc's are Nevada or Deleware based because the contract is subject to those laws however with unsecured debt ( in Texas ) all they can do is beach at you and trash your credit. ( That's enough! )
An interesting legal twist to the financial laws is forgiven debt is now considered taxable income by the IRS...... in all states. So if you short sale your home and duck 100k owed to the bank........or duck 10k on the cc's......... just an FYI. ( been this way for several years now ) -
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