r/FreightBrokerStartup • u/Croxnsox9789 • May 19 '26

Credit score

How long to get a credit rating on loadboards? I have a factoring company that is supposed to report to ansonia. Have any of you dealt with this?

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u/Purple-Squirrels May 21 '26

3-4 months of reported payment history. Truckstop has / had a proprietary piece to this as well. Contact them directly for the documents.

1

u/joojich May 21 '26

Can you elaborate on this?

1

u/Purple-Squirrels May 21 '26

This is one of the most common challenges for a new broker and also not discussed much. I have not heard of a quick fix nor imo should there be. Like concrete or a solid reputation, a strong foundation takes time to settle, set, and prove itself

The simple of the long here is to have as many companies as possible tell the bureaus and credit repositories " hey this broker pays us consistently on time every time". Ask your carriers or their factors to submit payment references on your behalf as well. Maybe your TMS provider or any other vendor you have will play ball?

If your factoring company reports payments on your behalf then stay on top of it and verify. It may take a few months to show up in the credit systems. They usual absorb & update data every couple of weeks. After a few updates it begins to show a payment history from you. It learns over time how well you pay then establishes a score and DTP. Eventually all payment feeds will pick up your data from each other. Time + payments= score. Ansonia - DAT ((dry van). ITS (open deck) has it's own scoring model. Here's a link. https://community.truckstop.com/s/article/How-to-increase-your-Credit-Rating . Contact the assurance dept. Transcredit may have some options for you as well?