Booking a Load with a Low Credit Score Broker?

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

  1. PE_Trans

    PE_Trans Road Train Member

    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
  2. moev

    moev Bobtail Member

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    Jul 15, 2019
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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
     
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  3. Dave_in_AZ

    Dave_in_AZ Road Train Member

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    Not with a 10 foot pole.
     
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  4. Opendeckin

    Opendeckin Light 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.
     
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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.
     
  6. Eddiec

    Eddiec Medium Load 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.
     
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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.
     
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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.
     
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  9. LondRanger

    LondRanger Heavy Load 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.
     
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  10. 86scotty

    86scotty Heavy Load 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.
     
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