Is there any good advice for factoring company/quick pay company (which one you use)

What is the name of the factoring company you R Dealing with ? ,Someone may recommend the same thing you have now

 

I own a factoring company, so my perspective is a bit different than many on this forum. Why did you go with this company in the first place? Were they recommended to you? People often sign up with whomever posted the lowest advertised rates and later find out about these hidden fees. I think you're doing the right thing by asking for references now. Check this forum for companies NOT to sign with. I'm not sure your factor can legally direct companies to pay them without your written consent, but that might have to be challenged in court. Best of luck.

 

Stay away from Foley Carrier Services (factoring division) Three years ago, they nearly put me out of business. I now use Match Factors which I am very satisfied with. Three years and not one charge back.

 

I used Apex Capital out of Ft Worth. They have fees - not hidden - but easy to work with and ALWAYS answer calls and emails. The discounts on fuel with fuel card they gave me more than offset all fees - meaning their service ended up costing me nothing.

 

OP! ..... ..... ..... ..... ..... ..... ..... .....
Do not forget to save all of your receipts and other cost or added expense associated with this account! It may seem as if you are losing today (ala Gordon Lightfoot)but tomorrow (come tax time) you will be glad. Most drivers do not think/plan one year ahead with their finances, but in all actuality; the more you spend the more you can gain- "remember it is not whether you win or lose but how well you play this mah-trucking game".

 

I use qp for quite a few brokers who direrct deposit in 48 hrs
sometimes I factor loads but only when i have too

 

who is your factoring company?