RTS Factoring, beware...

Discussion in 'Ask An Owner Operator' started by crocky, Jun 1, 2021.

  1. danny23tx

    danny23tx Road Train Member

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    I wasnt judging you but I was simply stating my opinion on factoring . One of the things talked about on TTR is having cash surplus for when things run south , most would say 2 to 3 months and some would say enough to replace all your equipment if disaster strikes . Those small fees ad up over time , a full year of factoring can pay for Tires on your rig and trailer and than some . Well good luck with the rest of your year and hope you get to the point where factoring is a afterthought .
     
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  3. slow.rider

    slow.rider Road Train Member

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    Maybe pay an attorney to send them a letter.
     
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  4. crocky

    crocky Road Train Member

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    Well, factoring has already been an afterthought most of my business's existence so far for one reason or another... I survived without it, but would be nice to have the option.. lol
     
  5. crocky

    crocky Road Train Member

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    I've considered this option actually.
     
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  6. ProfessionalNoticer

    ProfessionalNoticer Medium Load Member

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    Use anything else possible instead of factoring. Even credit cards are a better option. Those factoring companies are like the mob and they take way too much control over your business when you use them.
     
    Last edited: Jun 3, 2021
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  7. PSM379

    PSM379 Medium Load Member

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    On the internet complaining about letting people take your money so you can be paid faster. I have a good answer for this. Don’t ####ing use a factoring company!!
     
  8. crocky

    crocky Road Train Member

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    Odd.... after my contact refusing to send me a release letter and then refusing to even explain why, I just got an email from RTS directly sending me a release letter..

    I've now officially been released..
     
  9. OldeSkool

    OldeSkool Road Train Member

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    Lol maybe it worked to post on here.
     
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  10. crocky

    crocky Road Train Member

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    I have really no clue.. but I'll take it..
     
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