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Discussion in 'Ask An Owner Operator' started by Beaver9, Dec 6, 2021.
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Speed_Drums, N00bLaLoosh and BennysPennys Thank this.
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Trucking Jobs in 30 seconds
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I've dealt with it for 17 years. No moreJoeyJunk, bamanation and nikmirbre Thank this. -
Not saying never Factor just use it as a very expensive tool to help out with short term cashflow problems till you have the capital on hand to never need it.Beaver9, ProfessionalNoticer and Big Road Skateboard Thank this. -
I don't factor but, I use to think factoring was for short term cash flow problems......now I see it as a way to get paid for sure without having to worry if your gonna get paid or not.
BennysPennys and God prefers Diesels Thank this. -
I'm not mad at anyone for not factoring, and I really don't get it when someone mentions it and everyone has to post about their disdain for it.
You do you, I'll do me. For someone who doesn't mind the aggrevation dealing with collecting, I get it. I got into a truck to simplify and calm the stresses in my life, working pretty good so far.JolliRoger, BennysPennys, God prefers Diesels and 1 other person Thank this. -
The Truth About Non-Recourse Factoring | Commonwealth Capital, LLCBeaver9, JoeyJunk, BennysPennys and 1 other person Thank this. -
BennysPennys and ProfessionalNoticer Thank this.
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Beaver9, BennysPennys and nikmirbre Thank this.
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JoeyJunk Thanks this.
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I don't see the point of factoring these days if you've got the money to cash flow it. Why let another company get first right of payment on your ####? It just seems like that's inviting pain later on of you try and rid yourself of them. I hate floating $30k as much as the next guy so I'll simply quickpay something occasionally to keep the float down. It's not hard to come across quickpay at 2% working the load boards.
Beaver9 and ProfessionalNoticer Thank this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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