Big Mistake Trusting Estrada Trucking Company (in PalmDale, CA)

Discussion in 'Report A BAD Trucking Company Here' started by Ray0, Dec 1, 2019.

  1. Ray0

    Ray0 Bobtail Member

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    I'm posting this from the perspective of an investor who entrusted this company and it Principal, Caleb Estrada Vasquez. Invested a six figure amount in this family business back in May 2018. Signed a contract to pay back the loan in two years in monthly payments with Caleb Estrada. Received some payments but 9 months behind and more than $100K still owed. Requested to see Estrada's bank statement in past 3 months per contractual agreement but nothing provided yet. They promised to setup ACH for monthly payment but never materialized. Not quite sure when is the next pay date. It's been a very frustrating and irritating experience doing business with this firm. Numerous cases of breach of contract and negligence in my case. My experience has shown that the Principal of the company is unreliable, incompetent with a diminishing credibility. Stay away from this business if they solicit funds from you to invest.
     
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  3. JonJon78

    JonJon78 Road Train Member

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    Got in the business when it was hot and got burned when it cooled down to the point we are currently at in this industry.

    Good luck getting your money. I'd be taking Mr. Vasquez to court.
     
  4. Lonesome

    Lonesome Mr. Sarcasm

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    From our point of view, this doesn't necessarily make them a bad company. Just sayin'....
     
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  5. REO6205

    REO6205 Trucker Forum STAFF Staff Member

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    Good point.
     
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  6. Frank Speak

    Frank Speak Road Train Member

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    Maybe next time try investing in Wilcox Trucking.
     
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  7. hotrod1653

    hotrod1653 Heavy Load Member

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    Maybe Artie Grossman Transport is a good investment.
     
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  8. Derailed

    Derailed Road Train Member

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    I always had the hots for officer Sindy Cahill when I was a kid. To bad she was only on one season
     
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  9. TB John

    TB John Company Shill of BYOB&CBD

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    If anyone has any extra money to throw around, I know of a small but up and coming truck leasing and pharmaceutical company you can invest in. Guaranteed return on your investment!! :D
     
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  10. 51.50

    51.50 Heavy Load Member

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    You can NOT borrow your way to prosperity.
     
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