Factoring Company: which are you using? Who offers the best terms?

It not that I don't get paid. The problem is having to put in a lot of extra work just to make sure I get paid for it few weeks to a month down the road. Now once I factor it, I get paid within 24 hours, no headache. Another thing is a lot of brokers charge a 3% fee for quick pay option so its really no different just creates more work for me. And yes I know I am not to the point where I can wait 30+ days to get paid for a load but am slowly getting there. (the reason I brought up the point about small companies)

 

Wont this create more work/issues for you tho? I like to minimize as much stress as possible, yes I know I am in the wrong business...lol

 

Question

When a broker pays you after 30-45 days,

Do they mail a check or some sort of a direct deposit thing?

Being a small 1 truck owner waiting for a check or 20 in a mailbox on home time would be counter productive I would think?

 

After that long its usually a check. Yes its counter productive thats why I factor.

 

Giving away money is counter productive.

 

lol


Don't Factor gentlemen......Be patient, You'll be paid

 

Amen, to that.

 

One that you work for, no doubt.