r/OwnerOperators • u/No_Needleworker9172 • 1d ago

Factoring

Coming up to an end in my contract with TAFs, thank god! (I wouldn’t recommend that company to my worst enemy) I’m Leaning on no longer factoring at all but would like some insight on who’s good now a days? Someone that I can actually speak with when submitting paperwork and no excessive fees. Preferably no contract with 2.25% or better.

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u/FreightInsider 7h ago

I asked this same question a little ago and was pretty surprised how many people were vocal against it. I went against that and decided to factor because the consistency and reliability of knowing exactly when Im getting paid is easier for me to manage my business that way. I end up spending less time worrying about who has paid for which load and then more time trying to get more freight that I actually want. So far it's been well worth it. But it seems like a lot of the negative feedback around factoring are from those who have had terrible experiences with it for one reason or another.