Looking for a good honest company to lease on with.

Greatwide Industry-leading truckload carrier

 

140K net as o/op?

Wow...no offence but your a terrible business man. Maybe a great driver, but terrible at business.

Even Schneider O/OP's can lease on with a newer than 2015 tractor, 70% linehaul, fuel card, utilize their base plates, inspections, drop lots.
$6000 sign on bonus for van solo.

Envision 5500$ net a week, 240k/ yr gross

How's your driving record?

 

Kenworth and Peterbilt have screwed their brand going with Paccar motors.

Cummins is not far behind. 350K cam is junk. Jake brakes on new Paccars are trash.

Volvo makes a decent engine but there all driven by H1B visa's who wash their hands in the toilet.

Detroit is the last OTR motor that will last to 1 million miles without an inframe if you take care of it.

Sucks that Detroit's are wrapped in Freightliners

 

You may not qualify for chapter 7. Depending on the amount of equity in your house. You can keep your Truck by reaffirming the loan. Chapter 13 is the other option. One affordable payment for 5 years. You keep everything. Stopping payments on CC is another option. Negotiating a lessor amount, as offers arise, avoiding Bankruptcy. Ruins credit, but if done correctly, may be quicker and cheaper than a Chapter 13. PM me if you want more information. I know more about this stuff than I wish I did. Amounts owed, home equity, and credit available all affect your options.

 

So you are not serious about getting out of the situation.

Got it!

I would get rid of all the cars you own except the oldest, put the basic insurance on it, if the girlfreind b***tches, boot her the hell out of the relationship. Get rid of the truck, talk to the lender, they may take it back without too much of a penalty.

And you are joking, debt consolidation?

Get a job at a company, drive for them and skimp on everything until it is all paid.

If you file for bankruptcy, and the judge sees you want to keep the truck, they will include it and the lender will get it from you as soon as they can and they will charge you the difference because they can if they make a good enough case, which they can.

 

Debt consolidation is the last thing I'd do in your shoes. That just makes a bunch of smaller debts into one massive psychologically intimidating massive debt that'll you'll never feel you're making any progress on paying down.

First figure out what you're spending and get on a budget. Cut the credit cards up and toss in the trash then get rid of the extra useless cars. Used cars are selling at a premium now and that'll clean up some of your mess. It's stupid to have cars you don't drive anyways. To be frank you also need to sell the truck and get a W2 job to clean up the mess you made with a truck. Because it ain't gonna get any better if you don't.

Sometimes failure can be hard to admit and own up to but doing the same thing over and over won't work. The trucking business is oversaturated with trucks it's a great way to lose a lot of money if you're not super sharp and able to find a niche. Leasing on somewhere ain't a niche. Youre just another driver hauling freight for peanuts in the oversaturated market. Get rid of the semi truck.

After getting rid of what's sinking you (the truck) and holding you back (cars you never drive because you're a trucker gone all the time) pay off your debts one at a time starting with the smallest. Throw as much money at that one as you can (and minimums on the others) until you knock it out. Then start paying off the next one and so on..

 

HMMMM I got a Volvo and I am a natural born citizen. Ha Ha

 

I'm not getting it. Why should this guy dump the truck and become a company driver? His debts won't go away, and where is he going to net $140,000 a year as a company driver? He should sell one of the POVs to downsize though.

 

If you can’t make it netting $140,000 you’re really screwed. I grossed $150,000-160,000 for years as an owner operator with a family and did alright. Learn to manage money. You’ll never get out of it if you don’t.