Stevens Transport and thier loan: the truth!!! Be very careful

Discussion in 'Report A BAD Trucking Company Here' started by California Redneck, Dec 11, 2010.

  1. clbell66

    clbell66 Light Load Member

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    Nov 14, 2010
    Phx, az
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    Your exactly right.I talked to recruiting yesterday , and she told me the whole rundown about everything.Bus fare,meals, and lodging was to be paid back to the company.CDL,and Driver training financing, it was almost like she new what my next question was about.She did a very good job on covering everthing. She also stated if you do go all 3 years that you will be paying back around $ 4,000.00 total, and Stevens pays the rest. $25x52=$1300.00 x 3 = $3900.00 Oh yea! she did say that a fee of $100.00 to start training class due up front
     
    Last edited: Dec 11, 2010
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  3. California Redneck

    California Redneck Bobtail Member

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    Dec 11, 2010
    Dallas,Tx
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    Alright you two take it easy. Exactly the response I was hoping for. The intent of the whole thread is not to slam the company as a whole, they have good and bad like all. It is to make sure folks understand the consequences of the contract. Your right, I knew what I was getting into when I quit. I never said I did not and I did not whine because I chose to quit. I sat down with them and went over it all in detail. What I am warning folks of is the phone call they will get and how to protect themselves. You need to read the whole thread.

    I agreed with thier Lawyers to pay immediately, the amount we settled on. It was all done in good faith, over a telephone. I unlike most that walk away from Stevens, I was not trying to run from the agreement. But when you have good credit as I do and you want to protect it you need to read this and understand what thier process will be when you walk. Thier representitive (now keep in mind this is a lawyer), stated and I quote" if you pay this amount $3500.00 within ten days, the loan with Stevens will be completely paid and I will send a letter/receipt to you showing this". The reason for the letter and receipt he was sending, came from a long and heated discussion with this guy and after a whole lot of threats IE: we can sieze your properties, investments, etc. and this was my proof of payment and agreement other than cancelled check that I have. The other point you two are missing is the fact that all of this took place within a month and a half of leaving. I asked thier finance Department to send me the bill and we would work it out. The first wind I get of the bill is the high pressure threats from this law firm.

    Another point you bring up is that another Company will pay the bill. Bad information. As this is looked at as a student loan from a training academy (as it is known), not a truck driving school, no company (at least that I spoke to) will reimburse you for it. Call for yourselves and ask. But then once again the thread was not written try cry about someone paying for my training, I can handle that, it is about the manner of which they achieve this. Bottom line is: when you pay exactly what thier attorneys ask for, when they ask for it and how they ask for it, then Brother that is all done in good faith. When you lie to me, and a month later hit all three of my credit reports with negative reporting saying that I defaulted on a student loan (that is how it shows on the report), then YES, I have a big problem with that. So before you try and slam the thread, at least understand what it is conveying. We can get into thier lease program on a seperate blog. OK program if you have bad credit and no money down, but if you can stay away from in and save enough money to get your own truck that is the way to go.

    Listen, I got really good miles with Stevens and learned a lot. Some of thier Grad Trainers are simply awesome. As a matter of fact I still call him for advise. But my advice is fully understand the contract before you sign it. If you walk get something i writing from thier finance office on how and when they will ask you to pay the loan back. Do not speak to thier lawyers without one yourself. ( I told thier lawyer that I would like to get a lawyer to look at the case before I agreed to anything. Man this really ticked him off, and his exact response was "if you can afford a &^7 lawyer why not just pay the $3500 I am asking for".) Like an idiot I listened to him, paid him the amount he asked for.

    Good luck to you guys and thanks for the healthy discussion. Maybe folks that are looking for work in the industry have learned some good points.
     
  4. California Redneck

    California Redneck Bobtail Member

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    Dec 11, 2010
    Dallas,Tx
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    (Now, once the year is up you are free to leav e the company and drive for whoever you want, but you will still have to keep making the payments, or pay it off and save the intrest. f you leave BEFORE the year is up, as long as you dont go drive for someone else, they will forgive the loan. If you do go somewhere else before the year is up, they expect you to pay up. Why would this be unreasonable?)

    You are right in that you can leave before the year. But whether or not you drive for another company, you do have to pay the loan back, and the part that you are missing is that every penny Stevens put into it will be pulled back. Don't believe me go upstairs and ask them. That is where they get the $7000,00 (approx.) figure. As clbell66 stated, the interest is very high.

    The best thing to do if you can afford it, is walk into the finance office with $3200.00 (this drops as you apy over the year) within the first year (after the first year you HAVE to pay for two more years from every pay check) and pay them off. I wish I would have done this. You are 100% free and clear from that point on. Most guys will take thier tax returns and do exactly that. Highly recommended.

    Lastly, I never said paying back the loan was unreasonable, not once. Gotta read the whole thread. The fact that after I paid what myself and the Lawyers agreed on and then they hit my credit report is what is unreasonable.

    Good discussion once again. This is how they all learn. Lets keep it going.
     
  5. jakewalker

    jakewalker Bobtail Member

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    Nov 4, 2010
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    Thanks for sharing your story, California Redneck. Truth is you broke your contract and went to work for another trucking company, i'm sure Stevens felt like you screwed them, but the person that called you raped you badly. At this point you are screwed cause even if you take it to court its your word against his, and i'm sure the contract you signed will win them the case.

    Even after reading your story I would still go work for Stevens, but your story will remind me not to break a contract, or agree to a large sum settlement unless I have it in writing, and have a lawyer look over it.
     
  6. jessegobrowns

    jessegobrowns Light Load Member

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    Jul 8, 2010
    Huber Heights, Ohio
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    did they hold up to their end of the contract. I am pretty sure they probably owe you. Did you make the wages they promised? did you get the home time they promised? You should have Taken them to court for Inhumane working conditions for way less than minimum wage.
    As for anyone who calls making threats deserves a few good expletives. That is called harassment. you could sue them for that also. I would set up a bare minimum repayment plan.
     
  7. Corporal_Clegg

    Corporal_Clegg Road Train Member

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    Oct 9, 2010
    Raleigh,NC
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    I did go upstairs and ask. I spoke to the Hiring Manager Shirley. She stated that, if you left before the year was up, and left on good terms by coming in and talking to them, that as long as you did not go to another trucking company, they would not persue the debt. I do not have this part in writing, but I do have proof of it being told to me.

    Also, can you elaborate on "all the deductions" that kept your pay down to 175.00 a week? You stated that you got really good miles with Stevens, so Im having a hard time figuring out how you made so little.
     
  8. bigblue19

    bigblue19 Road Train Member

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    Midland WA
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    The whole training program is a scam to me. You go to this school for a few weeks and it costs thousands of dollars. Then they pay you peanuts while they skim the top to pay the loan and make a hefty profit off your labor. Then the Gov pays them for hiring you and making life hell for you to make room for the next guy. Then they send the unpaid balance to collections who snookers you into paying them after your credit is already going to be dinged anyway.

    Then you go to the burbs for a year and you can't get a home loan when you get back because your credit score is to low and they won't finance without a large down. Or they tell you you have to pay the 4 large before you can qualify.

    My credit score is 828 and I always pay as I go. I have had a separate account for years that I use for emergency's like if my car breaks down and i need money to fix it etc.. No one needs to get into debt if they stick to a budget, but if you do go into debt you always pay something to keep it out of collection. When it goes to collections you tell them to pound sand because your credit is already screwed anyway.

    If your planning to buy a house and get financing for it you have to keep your credit tight or it will cost much more then that student loan repayment would of cost.

    Credit is designed to keep you paying and keep you poor so avoid it unless you have no other option.
     
  9. Corporal_Clegg

    Corporal_Clegg Road Train Member

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    Oct 9, 2010
    Raleigh,NC
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    A scam involves being deceptive. They are not deceptive. They tell you everything upfront. Cost, Intrest rate, payment plan etc... If you dont like what they tell you, dont sign and they will gladly give you a bus ride back home.

    If you have good credit like you say you do, then you can take out your own loan, or pull the cash out of savings or whatever, and you get a cash discount and only pay 3600.00, and with that, you are not tied to stay with them for any amount of time.

    As for the cost of training, I have found it to be comparable to private schools. For example, Roadmaster in N.C. charges 6300.00 and lasts 4 weeks, and offers a cash price of 3800.00.

    Yes you could go to a Community College and get a better price, but these programs are looong and only start a class every few months. Alot of people can not wait that long. I know I couldnt.
     
    clbell66 Thanks this.
  10. Cruz36

    Cruz36 Light Load Member

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    Nov 12, 2010
    VA.
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    One of their recruiters called me the other day and left a message that I thought was rather rude just by the tone of voice they used. I called back twice and they kept me on hold both times till I hung up. I figured to myself this might be a sign of things to come if I dealt with them so I never did call them back after that.
     
  11. BarnDog

    BarnDog Light Load Member

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    Nov 30, 2010
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    And from reading the horror stories, that seems to be the #1 reason for failure. People wind up with their backs to the wall and nowhere else to turn, so they jump in as a last resort. It takes time to get through the training, figure out the problems and the ins and outs, and most important, get that money coming in. Meanwhile, Momma's at home, unhappy with the kids, the bill collectors are calling, and it's tough to put groceries on the table.

    I don't figure to make a whole lot during my first year. If I can recoup my schooling costs ($2500 at my CC), get the experience and put a few bucks in my pocket, I'll be happy enough, and maybe have some better options in the future.

    I can't even imagine trying to support myself and pay all my bills as a trainee during that first year.
     
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