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how accurate are brokers credit.

Discussion in 'Ask An Owner Operator' started by Rich_Trucking, Dec 16, 2013.

  1. Dec 16, 2013 #1
    Rich_Trucking

    Rich_Trucking Light Load Member

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    Dec 11, 2012
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    Im using mymembersedge, loadboard. most of the brokers on there are about 100%. Does that simply mean they pay on time.

    if they are late, does their score go down?
     
    Rich_Trucking, Dec 16, 2013
    Rich_Trucking, Dec 16, 2013
    #1
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  3. Dec 16, 2013 #2
    G/MAN

    G/MAN Road Train Member

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    When a broker has 100% on their credit, it means that they should have paid creditors as agreed. That doesn't necessarily mean that there have never been any issues, but that they have not been reported. I never trust any credit reporting agency completely. It is just another tool to use when making credit decisions. I still prefer to call their references before extending credit. Most of the time if a broker has 100% on a report, their credit should be good. It just makes me feel better to do my own checking. Any time you extend credit to anyone, there is risk.
     
    G/MAN, Dec 16, 2013
    G/MAN, Dec 16, 2013
    #2
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