Booking a Load with a Low Credit Score Broker?

Discussion in 'Ask An Owner Operator' started by PE_T, Jul 17, 2019.

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  1. PE_T

    PE_T Road Train Member

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    This brokerage company was founded in 1990 and has been a customer at DAT since 2008, but the last two months of their credit score are super low. Would you book a load with this broker? Are they going out of business?

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    Last edited: Jul 17, 2019
    PE_T, Jul 17, 2019
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  2. moev

    moev Bobtail Member

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    I’d have to ask myself how bad do I need the money? And if your sure they going out of business, I wouldn’t do it
     
    moev, Jul 17, 2019
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  3. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    Not with a 10 foot pole.
     
    Dave_in_AZ, Jul 17, 2019
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  4. Opendeckin

    Opendeckin Medium Load Member

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    Why would you even think about booking with them? My criteria is 3 years in business. 90 Credit score and 40 DTP.

    I'll go down to 2 years in business if their credit and DTP are flawless and I want the load.
     
    Opendeckin, Jul 17, 2019
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  5. 77fib77

    77fib77 Road Train Member

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    Your loaning someone 4,000 and you have questions if they will pay you back. Don't give them the loan.
     
    77fib77, Jul 17, 2019
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  6. Eddiec

    Eddiec Road Train Member

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    Credit score has dropped almost by half and Days to Pay has nearly doubled in less than a month. The answer is no, unless they pay you up front...in cash! Yes , I am being sarcastic.
     
    Eddiec, Jul 17, 2019
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  7. Midwest Trucker

    Midwest Trucker Road Train Member

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    Call their surety bond company and ask if there are any claims. Or, make them do quick pay. Either half up front and half at the end or right after delivery. If they dont quick pay then file on the bond.

    Sometimes things happen and the score gets temporarily out of wack. Wouldn’t you hate if DOT did something to hurt your credit score when it was a freak thing and now nobody will do business with you for a few months while you get it corrected? This can put companies out of business.
     
    Midwest Trucker, Jul 17, 2019
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  8. Ridgeline

    Ridgeline Road Train Member

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    Why some people go after easy to get work when there is so much more out there that pays well and on time ... I just don't get.
     
    Ridgeline, Jul 17, 2019
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  9. LoneRanger

    LoneRanger Road Train Member

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    Signs of trouble. If my factoring company says yes then yes I will but won’t deal direct with them.
     
    LoneRanger, Jul 17, 2019
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  10. 86scotty

    86scotty Road Train Member

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    I don’t touch them if it’s below 85.

    Doesn’t matter how long they’ve been around. Trucking is volatile. Even good companies go belly up.

    Don’t gamble with your livelihood.
     
    86scotty, Jul 17, 2019
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