Thinking About Factoring? Buyer Beware

08/12/2025 54 min
Thinking About Factoring? Buyer Beware

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Episode Synopsis

If you’re going to factor, there are a few things you need to know in advance. Linking up with a factoring company comes with risks, and OOIDA has the receipts and horror stories to prove it. For that reason, the Association tells its members to avoid factoring if they can help it. But OOIDA is also realistic and knows that many people rely on factoring to keep their business running – so if you’re going to factor, Tom Crowley, Jim Jefferson and Trevor Williams have some advice that could save you some sizeable headaches – or even worse.Join the Owner-Operator Independent Drivers Association: https://www.ooida.com/membership/Tired of watching your rights eroded: https://fightingfortruckers.com/Subscribe for FREE to Land Line Magazine (online or print): https://landline.media/subscribe/