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Swift academy "loan"

Discussion in 'Motor Carrier Questions - The Inside Scoop' started by Sixela918, Apr 5, 2022.

Page 1 of 3
  1. Apr 5, 2022 #1
    Sixela918

    Sixela918 Light Load Member

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    Nov 24, 2021
    Phoenix, AZ
    0
    So I got my cdl through swift last November. I've been solo since just before last Christmas. About 50k miles so far. The dedicated account I'm on is great. But my home situation has changed and I'm just not making enough money to cover my bills. I've already got another job lined up. They're ready for me to start asap. But I've heard stories about these megas threatening to sue companies to prevent them from hiring drivers that haven't paid back their "loan". As far as I remember there was no "contract". I have no issue with paying back the full amount still owed but I simply have to make more money. Any thoughts/experience would be greatly appreciated.
     
    Sixela918, Apr 5, 2022
    Sixela918, Apr 5, 2022
    #1
    Boondock and austinmike Thank this.
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  3. Apr 5, 2022 #2
    motocross25

    motocross25 Road Train Member

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    11,850
    Sep 23, 2010
    Overland Park, KS
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    Do what’s best for you, and your family. The rest will work itself out.
     
    motocross25, Apr 5, 2022
    motocross25, Apr 5, 2022
    #2
    Puppage Thanks this.
  4. Apr 5, 2022 #3
    Sixela918

    Sixela918 Light Load Member

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    Nov 24, 2021
    Phoenix, AZ
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    I guess what I'm asking is: does anyone knows how swift handles this situation. Are they likely to try to prevent me from going elsewhere.
     
    Sixela918, Apr 5, 2022
    Sixela918, Apr 5, 2022
    #3
    blairandgretchen Thanks this.
  5. Apr 6, 2022 #4
    blairandgretchen

    blairandgretchen Road Train Member

    13,713
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    Dec 9, 2011
    South west Missouri
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    Look back into the copies you have of everything you have signed with Swift.
     
    blairandgretchen, Apr 6, 2022
    blairandgretchen, Apr 6, 2022
    #4
    Sixela918, motocross25 and MOBee Thank this.
  7. Apr 6, 2022 #5
    Sixela918

    Sixela918 Light Load Member

    257
    397
    Nov 24, 2021
    Phoenix, AZ
    0
    Sadly, I'm not even sure if I have copies of everything/anything. I'll have to see what I can find when I get back home.
     
    Sixela918, Apr 6, 2022
    Sixela918, Apr 6, 2022
    #5
    blairandgretchen Thanks this.
  8. Apr 6, 2022 #6
    EvergreenTrucking

    EvergreenTrucking Bobtail Member

    8
    8
    Apr 6, 2022
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    EvergreenTrucking, Apr 6, 2022
    EvergreenTrucking, Apr 6, 2022
    #6
    Sixela918 Thanks this.
  9. Apr 6, 2022 #7
    kay_ray

    kay_ray Medium Load Member

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    1,236
    Jun 6, 2019
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    There is a loan contract with swift training if you got your cdl from their school .it was 5000 $ back in 2017. Might be more now . If you work there for a year it gets paid as they take it out of your paycheck every week. And if you stay second year you get it back . If you leave early you pay the rest either full or with a payment plan . If you dont pay they send it to collections and mess up your credit.
     
    kay_ray, Apr 6, 2022
    kay_ray, Apr 6, 2022
    #7
    tscottme and blairandgretchen Thank this.
  10. Apr 6, 2022 #8
    blairandgretchen

    blairandgretchen Road Train Member

    13,713
    74,634
    Dec 9, 2011
    South west Missouri
    0
    Might want to stick it out the year.

    I get it - but there’s a reason why these bottom feeders have the reputation they do.
     
    blairandgretchen, Apr 6, 2022
    blairandgretchen, Apr 6, 2022
    #8
    tscottme Thanks this.
  11. Apr 6, 2022 #9
    Eddiec

    Eddiec Road Train Member

    2,295
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    Feb 2, 2015
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    Call Swift and ask them....
     
    Eddiec, Apr 6, 2022
    Eddiec, Apr 6, 2022
    #9
    Dennixx, ZVar, snowmantrucking101 and 1 other person Thank this.
  12. Apr 6, 2022 #10
    blairandgretchen

    blairandgretchen Road Train Member

    13,713
    74,634
    Dec 9, 2011
    South west Missouri
    0
    Probably like calling the IRS lately.
     
    blairandgretchen, Apr 6, 2022
    blairandgretchen, Apr 6, 2022
    #10
    JolliRoger Thanks this.
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