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I'm really tired of this, Ready to go on my own

Discussion in 'Ask An Owner Operator' started by Tez, Jul 23, 2011.

Page 5 of 5
  1. Jul 31, 2011 #41
    Tez

    Tez Light Load Member

    64
    5
    Jun 23, 2011
    Bradford, PA
    0
    They allowed me to choose the amount of the escrow or if I even wanted one for maintenance. I'm considered an owner operator so they don't make me do anything. I chose to set it up to take 200 per pay out until I reached $5000, and of course I'll have extra set away in a savings account to accrue interest.

    I know a few other people that work there and I haven't heard anything negative about this company yet.
     
    Tez, Jul 31, 2011
    Tez, Jul 31, 2011
    #41
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  3. Jul 31, 2011 #42
    G/MAN

    G/MAN Road Train Member

    7,031
    8,621
    Sep 3, 2010
    0
    Rather than having the company take the money out, you could put it in a money market account yourself every settlement period. At least you would earn a little interest on the money. Some carriers who do these maintenance accounts won't return the money if you don't complete your lease. If you open an account with a bank such as Transportation Alliance Bank, it would be easy to access the money and make deposits while you are on the road, should you need it.
     
    G/MAN, Jul 31, 2011
    G/MAN, Jul 31, 2011
    #42
  4. Jul 31, 2011 #43
    Tez

    Tez Light Load Member

    64
    5
    Jun 23, 2011
    Bradford, PA
    0
    Thanks for the tip. I'll have to do a little more research on that.
     
    Tez, Jul 31, 2011
    Tez, Jul 31, 2011
    #43
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