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Thread: Factoring query....

  1. #1
    BigDiesel is offline BANNED Rookie
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    Default Factoring query....

    We factor thru DS from time to time on return runs back here to Orygun, when we do not use our three normal brokers. I would like to know if anyone has used United Freight Funding out of San Diego for non-recourse. We don't want all of our eggs in one basket per say when we do factor....

  2. #2
    GMAN's Avatar
    GMAN is offline Administrator Board Icon
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    Feb 2005
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    Tennessee
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    Default

    Are you having a problem with D & S, BigDiesel? Or just wanting a back up factor?

  3. #3
    Walking Eagle's Avatar
    Walking Eagle is offline Senior Board Member
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    In my own little world, that rides right behind the cab.
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    I use T Check Factor and am real happy with them, if they approve it and it is a no pay you are off the hook. You have to check their "No sale" lists and if it is high $$$$ call and get a pre approval even if the customer is on their list as "Approved". Send an invoice one day and $$$$ on the my card either the same day (if I got it in earl) or the next morning.

  4. #4
    BigDiesel is offline BANNED Rookie
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    Default

    Quote Originally Posted by GMAN View Post
    Are you having a problem with D & S, BigDiesel? Or just wanting a back up factor?
    We have had a couple of issues with them recently, nothing earth shattering, just looking for a backup.

  5. #5
    Join Date
    May 2007
    Location
    Hungary,in the fast lane.
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    136

    Default

    Quote Originally Posted by BigDiesel View Post
    We factor thru DS from time to time on return runs back here to Orygun, when we do not use our three normal brokers. I would like to know if anyone has used United Freight Funding out of San Diego for non-recourse. We don't want all of our eggs in one basket per say when we do factor....



    What? The greatz Bigd1 is using a factoring loan shark?LOL.RUN from UFF. Their reserve is too high. Try Apex factoring out of Fort Worth.Their rates are lower than D and S.Or you can try a new one thatz started here in Hungary. They avdanze 75% with a 50.00 fee for every day borker iz late. Good deal. Excuse me,I have to go fartz now. Had too much hungarian burritoz.
    Faster than the speed of Peterbilt.

  6. #6
    GMAN's Avatar
    GMAN is offline Administrator Board Icon
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    Quote Originally Posted by BigDiesel View Post
    We have had a couple of issues with them recently, nothing earth shattering, just looking for a backup.
    A friend of mine just changed from D & S to another factor. I don't recall exactly what the issue was, but it had something to do with them not communicating with him about a problem with an invoice he had sent them. It involved several hundred dollars. It is probably a good idea to have a back up in case you have a problem with your current factor. Regardless of where it comes from you need to have cash flow.

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