I am switching from eCapital to Financial Carrier. I am having an awful time doing this.
Financial Carrier says, eCapital is charging me twice on 4 Delivered shipments. eCapital says no they didn't.
I can't seem to get this worked out. I can't get paid on anything because of the hang up and this has been going on for a week.
Not really sure if anyone can help, just wanted to share my troubles.
eCapital
Discussion in 'Ask An Owner Operator' started by 6wheeler, Dec 1, 2015.
Page 1 of 3
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
Yet another reason not to factor. A line of credit at your bank is not only much easier to deal with, but much much cheaper.
CJndaTruck and Rock 'n Roll Relocater Thank this. -
Yea, but can't get one when your credit score is like 500 from waiting 3 weeks to get paid from shippers. That's why I have to use a factoring company.
-
Wait a second. Did you really just blame your bad credit history on shippers?
-
Pump $300 in fuel in truck on Monday delivery on Tuesday and wait 25 days later to get it back. Reload truck and pump another $300 out the bank, and so on.
That's why I factor. -
Yes, I realize what fuel cost. but what does that have to do with having a bad credit score?
-
Bank won't give a line of credit, already tried both banks.
-
how much does factoring cost you in fees per year?
-
I got out of factoring for 5 years, it's not where I want to be. But shippers don't want to pay right away. Bills and expense come everyday. Fuel, taxes, repairs, insurance, food and I can't wait 25 days to get paid. Even if I get a shopper to pay quickly, 2%/10 days, that's the same as paying a factoring company.
-
I believe the point being made is that you are severely under capitalized. That 3-4% eats into your profit potential. Now with that said, can YOU find a double charge or is someone just trying to gain you as an ATM I mean customer?spyder7723 Thanks this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 1 of 3