Factoring Companies for Freight Brokerage with Credit Checks, Collections

Discussion in 'Freight Broker Forum' started by turtlsvn, Sep 28, 2017.

  1. billcollects

    billcollects Bobtail Member

    21
    16
    Sep 1, 2011
    Mississippi
    0
    Factors don't do collections, they do charge backs when they don't get paid. Unless you can find one crazy enough to factor non-recourse for a brokerage. When a broker signs up for factoring they are generally a few months away from going under. Especially if you are starting new, you won't be factoring enough to get a great rate.
     
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