Tci business capital

Discussion in 'Report A BAD Trucking Company Here' started by uncommon_belief, Aug 19, 2010.

  1. uncommon_belief

    uncommon_belief Light Load Member

    99
    17
    May 23, 2009
    Ohio
    0
    For those of you that factor, intend to factor, or intend to switch factoring companies, do your homework.

    TCI Business Capital is holding $10,000 from a company for closing down. Because the company could not make it, they decided to keep the final $10,000 that was coming to the trucking company.

    Their reason: Unable to fulfill the quota signed on the contract.

    Well, yes, if you're closing down you won't be able to fulfill your quota. For those of you that do factor with TCI, I feel for you. For those of you that don't, consider yourselves lucky.
     
    cherokee96red Thanks this.
  2. lan4uk

    lan4uk Bobtail Member

    5
    0
    Jun 8, 2011
    brooklyn, ny
    0
    have you been factoring with them? because I was and I want to leave them but they won't let me
     
  3. KeyFactor

    KeyFactor Light Load Member

    70
    18
    May 8, 2011
    Montreal, Quebec
    0
    That's a pretty scary way to run a business.

    Ian4UK, how are they preventing you from switching? People switch factors all the time...is something buried in the fine print?
     
  • Draft saved Draft deleted