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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
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Brokers going broke, filing bonds against 3 in the last 60 days.
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<p>[QUOTE="Charlie42, post: 12244582, member: 320021"]I’ve been happy with Truckstop Factoring, even though it’s a debatable topic on this site. It’s worked well for me. So I can’t really blame anyone but myself. Took the jobs even though Truckstop warned me that they weren’t factorable and of 5 taken, 2 took 90+ days and 3 no pays and no more phone number. They do have active bonds and it’s a fairly simple process to file, but $75000 disappears quick if they had an F250 on a load “disappear” as the vendor would go after their entire $75k and probably get the $75k, letting the broker try to get their $ back from the carriers cargo insurance. Could be wrong, but otherwise makes no sense for small brokers to go bust as they have the overhead of a laptop, pina colada, lawn chair and $7.99 for the book “Dummy’s book to not paying for services contracted”[/QUOTE]</p><p><br /></p>
[QUOTE="Charlie42, post: 12244582, member: 320021"]I’ve been happy with Truckstop Factoring, even though it’s a debatable topic on this site. It’s worked well for me. So I can’t really blame anyone but myself. Took the jobs even though Truckstop warned me that they weren’t factorable and of 5 taken, 2 took 90+ days and 3 no pays and no more phone number. They do have active bonds and it’s a fairly simple process to file, but $75000 disappears quick if they had an F250 on a load “disappear” as the vendor would go after their entire $75k and probably get the $75k, letting the broker try to get their $ back from the carriers cargo insurance. Could be wrong, but otherwise makes no sense for small brokers to go bust as they have the overhead of a laptop, pina colada, lawn chair and $7.99 for the book “Dummy’s book to not paying for services contracted”[/QUOTE]
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TruckersReport.com Trucking Forum | #1 CDL Truck Driver Message Board
Forums
>
Owner Operators
>
Freight Broker Forum
>
Brokers going broke, filing bonds against 3 in the last 60 days.
>
Reply to Thread