Factoring query....
#1
10-06-2008, 05:13 AM
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....
#3
10-06-2008, 02:43 PM
Senior Board Member
Join Date: Jan 2006
Location: In my own little world, that rides right behind the cab.
Posts: 615
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
10-06-2008, 03:53 PM
We have had a couple of issues with them recently, nothing earth shattering, just looking for a backup.
#5
10-07-2008, 12:08 PM
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.
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#6
10-07-2008, 09:29 PM
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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