Collecting?

[Big_Dave]

OK, you haul a load for a customer and after say, 60 days, the customer basically tells you to go get bent. :yikes:

How do YOU deal with this?

Now, I want legal ways! :D

[Admin]

SOMEWHERE IN OUR CLASSIFIEDS IS A COMPANY THEY BUY YOUR BILL, I DID NOT READ IT ALL. TRY TO FIND IT THERE IT SOUNDED GOOD :)

[Big_Dave]

Factoring companies are NOT the way to go.

[dljtruck]

thank god this has only happened a few times to me. if a personal call does'nt do it it goes to collections. i have been very lucky but i can count on one hand the accounts like that in 23 years.

well dave what do you recamend for independant o/o with own autority cuz i will tak any segustions you have or anyone has

[Big_Dave]

Other than phone calls, sending invoices (with interest and late fees added) and 'threatening' to turn over the account to a collection agency via registered mail, I have no idea what else could be done to collect funds owed to you except maybe have a good lawyer on retainer.

If I'm not mistaken............this is how factoring companies work.

1. Turn over unpaid invoice to them, they give you say 75% of the gross.

2. They attempt to collect your money but since they 'bought' your invoice, they keep what they collect. You're out 25% of the gross.

3. IF they can't collect the amount due, then they come back to see you.

Factoring companies are good for 1 thing only. If you had several good customers that always paid in 30 days or less and you needed the cash 'now' for a new trailer or piece of equipment, then I'd say go ahead and use them.

[Preacher]

If it is a broker, go after their bond. If it is the shipper, take them to small claims court. Most of the time they never show up and you'll get a default judgement. Then you file with the sheriff to go collect any monies they owe. They have the authority to shut the compay down, padlock the doors, and sell assets to pay for the judgement. It's a pain in the a** but it's worth it. Most times you can also get the cost to collect.

OOIDA also has a pretty good track record when it comes to collecting.

[DrivingZiggy]

OOIDA charges 10%--but only if they collect. If they're not able to collect it costs you nothing.

[joerockhead]

Had trouble collecting an invoice when I was driving my desk so I called the broker with my cell phone that did not display the calling number. I was put on hold after discussing the issue, I waited patiently. After 30 seconds I called again, told the broker I was bored and tired of being on hold on that line...again I was put on hold. Sat on hold again for a minute and called again and explained that I again tired of being on hold on that line...I also explained that with 6 lines in the office and 20 truck drivers with cell phones we could tie up his lines all day, thus putting him out of comission for the day. A driver in the area was promptly dispatched to p/u the over due payment! :harhar:

[Rooster]

Dave
You could contact my uncle GUIDO in Chicago!
Bon journo Rooster

[Jimbo]

I've always found you get a better response with a baseball bat and a smile, than you do with a smile alone.... :brucelee:


Welcome to the reason I am no longer an owner/operator. I had one guy stick it to me for over $12,000, and then he claimed bankruptcy. The court offered me $0.03 on the dollar. which came out to $360. And I had to go to Columbus, OH to get it. I just wrote it off as a learning experience. The very next guy I leased onto did the same thing, but I did a few things when the bill got up to $8,000. I stole 3 of his trucks, and told him he had 5 days to pay me, or the trucks would be stripped for the parts. Basically, I had to become a flat-out criminal to get my money.

I got my money 2 days later, and told him where he could find the trucks. Next thing I know, I have a private room at the cross-bar inn. I never got charged with anything, but spent 3 days in jail while they looked for evidence against me.

Some guy steals my money from me, plain and simple, and I end up going to jail. What a wonderful business. Needless to say, if I ever see this guy on the street again, I'll thank him the best way I know how.

[Chiefwhatdahey]

As a leased operator you're screwed if the carrier skips.
I run under my own authority therefor I add an adendum to any brokerage contract that gives me the right to collect from any interested parties for double damages if the broker refuses to pay, afterall the broker is the shipper/receivers agent not mine. I can also demand a C.O.D. if something goes bad while in transit or if the receiver pulls any crap like undue detention, if the interested parties refuse to pay then I'm within my right to warehouse the cargo till the bill is paid and if the parties continue to fight I can auction the freight for freight charges and warehouse rents with the remainder going to interested parties, all this of course requires legal representation, time and money not to mention burning some major bridges so make sure that it's worth the trouble.

Haul another load for em, just DO NOT deliver it and sell the goods...

[Chiefwhatdahey]

Haul another load for em, just DO NOT deliver it and sell the goods...

Do that and you could be prosecuted

Haul another load for em, just DO NOT deliver it and sell the goods...

That is cargo theft!!!!!!!

Factoring companies are NOT the way to go.

Some loads we "factor" for 5% without recourse, some we bill the customer direct. But those that we bill direct are good customers who want to keep us hauling their stuff....

SO THEY SAY, eh?


Till the rate cutters come around

well since some folks can't take a joke, I would recommend bein a better buisiness man and know what and who you are hauliin for.

good day!

i feel that loads need to be hauled and rate cutters need to be showen the door

well since some folks can't take a joke, I would recommend bein a better buisiness man and know what and who you are hauliin for.

good day!

You're kidding right???..Why dont you tell us, how that could be accomplished with a 100% acuracy..

I do not use a factoring company myself, but if the broker has quickpay, I usually take it...

Some that actually know how this business works, know that cashflow is king...

[daytrader]

You work off a conract. Work off it. Very simple.

Pretty easy to include in the carrier agreement a small clause. They hate bad rateings on the credit report.

You do this for the money. You want to do it for fun drive a company truck.