own autority pre pay

Discussion in 'Ask An Owner Operator' started by 4noReason, Oct 5, 2021.

  1. Oct 5, 2021 #1
    4noReason

    4noReason Road Train Member

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    hey guys. i heard of a service for guys with their own authority. that the provider will pay for the load within 24 hours or so the company doesnt have to wait between 30 days- 6 months for payment. any idea who does these. im in chicago if it matters
     
    4noReason, Oct 5, 2021
    4noReason, Oct 5, 2021
    #1
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  3. Oct 5, 2021 #2
    Mattflat362

    Mattflat362 Road Train Member

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    6 months!!?? LOLOLOL.
     
    Mattflat362, Oct 5, 2021
    Mattflat362, Oct 5, 2021
    #2
    Bean Jr., Dino soar and nikmirbre Thank this.
  4. Oct 5, 2021 #3
    nikmirbre

    nikmirbre Road Train Member

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    Dang, who is waiting 6 months LOL. I assume the OP means a factoring company.

    When you apply for your authority, you will be bombarded with factoring companies wanting "your business".

    While I do not factor, how exactly does it work, does the factoring company have a say so in what brokers you do business with? What if a broker doesn't have the proper credit can you still do the load and invoice yourself? Must you factor every single load??
     
    Last edited: Oct 5, 2021
    nikmirbre, Oct 5, 2021
    nikmirbre, Oct 5, 2021
    #3
    LoneRanger and Bean Jr. Thank this.
  5. Oct 5, 2021 #4
    georemo

    georemo Light Load Member

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    You mean enslaving yourself, business, family, equipment,home and everything in between to a factoring shark ? Good luck, you'll need it, lots of it.
     
    georemo, Oct 5, 2021
    georemo, Oct 5, 2021
    #4
  7. Oct 5, 2021 #5
    Big Road Skateboard

    Big Road Skateboard Road Train Member

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    Ridiculous post here
     
    Big Road Skateboard, Oct 5, 2021
    Big Road Skateboard, Oct 5, 2021
    #5
  8. Oct 5, 2021 #6
    LoneRanger

    LoneRanger Road Train Member

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    I like triumph, i use them with the brokers I’m new to. I can factor any load i want and not factor any load. It’s essentially a back up when i need a load out of BFE and only loads are shady brokers i cant verify enough.
     
    LoneRanger, Oct 5, 2021
    LoneRanger, Oct 5, 2021
    #6
    feldsforever and 77fib77 Thank this.
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