News & Information For and About Over-the-Road Truckers.
A Factoring Company Can Help Truckers Avoid Bad Debts
If you use a factoring company, most will check credit on the brokers and shippers you are planning to run for. There is usually no charge for that information. But unless your agreement with your factoring company is a “non-recourse” relationship, a broker/shipper’s failure to pay may still come back on you.