Always check credit on shippers and brokers before you agree to haul a load. W W Payments does all your credit checks for free… and maintains a list of 2,400 + approved brokers and shippers, available on our website 24/7.

How many times have you heard, “Thanks for your patience during COVID 19”… or “Due to COVID 19 we can no longer do…” what you were counting on them to do. Clearly, the scope of business disruption caused by the pandemic, and the inconsistent, ever-changing government responses to it, has been catastrophic.

If you have used factoring services, you are likely familiar with the requirement that you maintain a “reserve account”. Reserve accounts are established when a factoring company deducts a “reserve”, as much as 10% in addition to your factoring discount fee, from the amount they pay you.

If you use a factoring company, most will check credit on the brokers and shippers you are planning to run for. There is usually no charge for that information. But unless your agreement with your factoring company is a “non-recourse” relationship, a broker/shipper’s failure to pay may still come back on you.

I was recently interviewed by Drew Zagorski on his podcast, You Don’t Say…, along with our client Donny Stevens of Donny Stevens Trucking. Donny talked about life on the road and Drew and I had a wide ranging conversation about how we help our clients to maintain a healthy cash flow.

Before I launched a trucking invoice factoring company, I was a commercial banker for 32 years. Here are my top 4 recommendations for building a strong relationship with your bank.

Some of our carriers are reporting that cargo receivers are reluctant to sign, or even touch bills of lading and other proof of delivery documentation. In these days you can’t blame them for being cautious…

For the past 10 years, W W Payment Systems has been providing cash flow support to trucking companies and owner-operators across the country. Some of our favorite customers have gone out of business, particularly in 2019, due to escalating insurance costs.