Young, no experience, insurance problems

It is not the finance company's "job" to give you a loan. It is their job to make money on their loans. The system is not gay. It may be challenging to navigate, it may be unfair, it may be many things, but gay it is not. Your pejorative use of the word gay indicates juvenile thinking, which is a bad risk for a finance company.

Even without your age, or credit histort, you present a bad risk - no experience in the industry , no fixed location, assets with high depreciation and little to no equity.

Think before you speak, thunk before you act.

 

1. I suspect that what they mean on the insurance is that they don’t do things on the up and up as far as their qualified drivers list with their insurance company is concerned. If that’s the case it will be a mess when you have a screw up. Regardless of what you think, you didn’t learn how to drive a truck in 2 weeks.

2. 60 cpm is terrible on 1099. You’d be better off taking a low paying w2 job. What you saved not going to school you’ll probably give up in wages until you get actual experience.

3. Get a tracksuit, find any white Volvo in Chicago with a foreign sounding name on the side, and ask for a job.

 

Find investors to back you and start a finance company that helps young, uninsurable drivers with no experience and no money down get a truck. Seems like a money maker for you. Problem solved.

 

There’s a lot more to it than that. When you screw up the company could really hang you out to dry with the 1099 even though legally you shouldn’t be 1099.

 

Read up on what it takes to actually be a 1099 Independent Contractor. And if you think a shady company willing to bend so many rules just to get you in a truck won’t hang you out to dry when you wreck or damage property you’re fooling yourself. They will do whatever they have to so that they don’t lose their insurance.

 

You’re not independent, plain and simple. It’s their truck, they’re telling you when to work, where to go, when to be there.

It means they will likely try and make you financially responsible for damages when you have an accident. That will be the point they try and say you’re independent when really all you did was pay all the taxes instead of just your half.