Letter of release from TAFS??

I used to factor with those crooks... I believe per the contract (or at least mine), TAFS required written notice (via USPS Certified Mail), at least one year prior that you would not be renewing your contract for the next fiscal year. Otherwise, the contract automatically renews and TAFS will re-file the lien notice with the state Secretary of State again. Good luck, once you're tied to a factoring company its hell splitting the sheets with them. You'd probably be best off having an attorney look into it for you.

 

Yes they tell you to check your contract when you complain. I already read the vague contract so I went back and read what was on their website. It promised a whole bunch of bs. They didn't even have an email until a broker made them set one up that they don't answer. They are holding up an invoice of ours with a broker that has 7 million in credit on their website. Go to bbb

 

Oh and now it's within 90 to 120 days. I have it in my calendar but hope to be done before then. You can pay 2500 to get out but I would rather give that to a lawyer than TAFS

 

It took me 2 years to get out

 

I'm in the process of leaving them now. It's been 3 weeks since they have been paid out by my last BOL. They still won't give the LOR. Anyone know a time frame, by law, they are supposed to have it to you by? I'm in the process of sending a Demand Letter. Hope it serves me well in this fight. Can't afford to be down much longer...

 

Did you ever get released from TAFS?

 

Why? Did you not send the letter of termination not more than 120 day's and not less then 90 days?