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Does Bad Credit Matter When Choosing A Broker Or Shipper?

It happens often, you deliver your load, you invoice your broker, and the wait-time to get paid begins - and this is exactly the reason you hire an exceptional factoring company like Thunder Funding, to eliminate the wait-time and save you the trouble of collecting the money from your invoices. However, as a valued client, Thunder Funding encourages you to make good credit decisions based on the current credit conditions and financial stability of any shippers or broker BEFORE accepting a load.

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Topics: Freight Factoring, 123Loadboard, credit checks, Thunder Funding

The Importance of Broker and Shipper Credit Checks

It’s a scenario that happens all too often: finally invoicing a customer for a delivered load only to not get paid on time or, even worse, to not get paid at all. This continues to be a significant burden on both truck drivers and fleets. Instead of spending your valuable time building your business, establishing relationships with brokers and shippers, and maximizing your roll time delivering loads, a large chunk of your time is now spent chasing down unpaid accounts and dealing with the additional stress associated with not having enough cash flow. 

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Topics: credit checks

The Importance of Credit Checks: Know Before You Load

The coronavirus pandemic has changed the way the trucking industry operates. Not only are fleets being extra vigilant to protect the safety of their drivers, they are also taking extra precautions to ensure all their hard work results in actually getting paid upon delivery of a client’s load.

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Topics: credit checks