Factoring company wants to charge me $3k for early termination

Discussion in 'Ask An Owner Operator' started by Abaznian, Feb 3, 2014.

  1. Abaznian

    Abaznian Bobtail Member

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    Nov 14, 2011
    Louisville, KY
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    Can someone help me or does anyone know how I can now get charged for factoring .... early termination fees ?
    im with a ###### factoring company I though was good I signed up with them and found out how ###### of service they have and how slow their people are,
    now im tired of their #### and want to go back with my old factoring company but they want to charge me almost 3k for early termination. How ever they will not send me a copy of the contact or anything I ask for. please help.
     
    Last edited by a moderator: Feb 3, 2014
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  3. gokiddogo

    gokiddogo Road Train Member

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    Mar 5, 2012
    Ontario Canada
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    Just bill your customers, brokers or however you are doing it - directly ... what happens if you do that?
     
  4. Davidlee

    Davidlee Medium Load Member

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    Aug 31, 2012
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    What happened to your copy of the contract?
     
  5. admhays

    admhays Light Load Member

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    Oct 17, 2013
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    crickets.......
     
  6. kw600

    kw600 Road Train Member

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    Dec 9, 2011
    everywhere,usa
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  7. Abaznian

    Abaznian Bobtail Member

    37
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    Nov 14, 2011
    Louisville, KY
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    Kw 600 yes I am my copy I had to mail back never thought to make copy of it
     
  8. Abaznian

    Abaznian Bobtail Member

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    Nov 14, 2011
    Louisville, KY
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    It takes to long to bill brokers up to 90 days
     
  9. _Ed_

    _Ed_ Bobtail Member

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    Feb 3, 2014
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    First of all i want to start off with the fact im a bosnian too , second this is what happens when ######### sign everything and dont read the fine print or do there research on factoring companies. So if you were dumb enough to sign it they are smart enough to enforce it. Well deserved.
     
  10. kw600

    kw600 Road Train Member

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    Dec 9, 2011
    everywhere,usa
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    You shouldn't be factoring in the first place
     
  11. Abaznian

    Abaznian Bobtail Member

    37
    3
    Nov 14, 2011
    Louisville, KY
    0
    What cani do ti get payed faster from brokers
     
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