how often do broker's not pay you?

Broker only has 1 chance to not pay. I don't use again.
I started using brokers around the recession 2008. I've only not been paid by 2 brokers:
1 was $500
2nd was about $1000
I feel fortunate.
I've used Apex, they were good to/for me.
Seriously try not to factor. Get a line of credit if you can, it's a lot cheaper.

Factor companies don't accept total risk of none payments. Unless you have a "non-recourse" agreement. This cost 5% versus 1.5%-3%. read the details of any contract.

Good luck.

 

never in my 19 years of driving...

 

I would say 30 to 45 days is the average and avoid brokers with a low credit score.

 

Always read review. No rate or low rate is red flag.

 

I don't think I ever had a broker not pay me, some were pretty slow a time or too. Some of the lage brokerages will advance you fuel money once you are loaded and quick pay once empty. I wound up hauling enough for them to get money rolling in without factoring when I started. Factoring companies will charge you back if one doesn't pay, unless you rally pay them for your own money. If it is a non rcourse they will probably tell you which brokers you can and can't use.

 

The first time they dont pay me I don't do buisness with them ever again, unless I #### the bed and it's clearly my fault and I've only done that one once.

 

Only once in 15 yrs. Small Brokerage, I worked for regularly. Husband ran off with the bank. I convinced the wife, I needed fuel money to deliver Load. Luckily I got $900, advance, though I had already delivered. Had to fight fire with Fire. They filed bankruptcy, I later got a small amount, maybe. $100. Not bad, $800 lost on 1 Load, Out of 1770 loads over 15 yrs. I knew they were risky, at the time. So I wasn’t too surprised. I’m careful, having only 1 Truck. Non pymt really hurts.

 

Been running for going on 3 yrs and have had no issues. Chasing detention is the biggest headache but eventually gets paid .