More Broker Mess...............

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  #1  
Old 08-17-2007, 06:58 PM
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Long story short was in tulsa/OKC, oklahoma and couldnt find anything decent so after awhile a call a broker about a load and we agree to a rate, broker needed load moved and i needed to move, Brokers credit wasnt the greatest in the world, but ive seen plenty worse. So i tell him advance me %40 and he said he could do that and quick pay 3-5 days after receipt of bills. Got the %40 advance a day later and was on my way, unloaded this morning and then he tells me terms are up to 30days, OK im not a cussing man so im wondering WTF just happened???? has anyone ever had this problem and if so, what was the recourse? Know i know some of you will put the blame on me for dealing with a broker with bad credit and i can now say i deserve it, its not really the point of the money, i wouldnt have took the load if the terms were 30days AND bad credit. ops:
 
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Old 08-17-2007, 07:18 PM
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Just rack it up to experience and hopefully you will get paid in 30 days.

I can't believe there wasn't anything decent leaving out of Tulsa. I have to shut my phone off after 10 minutes or it keeps ringing even after my truck is taken off the load boards.

Don't forget to go into the broker performance page and update and tell the story for everyone to read. Get paid first though.
 
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Old 08-17-2007, 07:39 PM
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yes i know, usually there is alot coming out of good/decent paying loads coming out of tulsa, i guess that day there just wasnt much although i did get a couple of better loads offered to me AFTER i went thru the trouble of getting this particular load in question......
 
  #4  
Old 08-17-2007, 09:23 PM
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Hey Marcel,

Anytime you're dealing with terms other than the standard 30-day, you should get the terms put into the rate confirmation. If it's not in writing it's not enforceable. One other thing you need to watch out for is the contract. Often there is a payment term clause in the contract and it's almost always 30-days. Further down you may also find a clause stating that when the terms of the contract conflict with any other document, i.e. the rate confirmation, the contract prevails. So, even if you have a rate confirmation that says 10-day terms, if the contract contains those two clauses, you're stuck with 30-days.

While I never work with a broker with questionable credit, I sometimes will work with someone new who doesn't have a credit history yet. when I do I demand 10-day terms. I make sure the terms are in the rate confirmation and that I've struck out any conflicting clauses in the contract. When in doubt, get it in writing.

As far as recourse, unless you have something in writing stating the terms, you don't have any. Hopefully the guy will pay and it will be a non-issue.
 
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Old 08-18-2007, 04:22 AM
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...quick pay 3-5 days after receipt of bills.....then he tells me terms are up to 30days
What terms are 30 days? You mean the quick pay is 30 days? I've had brokers say that they pay in 30 days only to find out they charge a quick pay fee for that. Lemme tell ya, you only get burned that way one time.
 
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Old 08-18-2007, 03:59 PM
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no i was told quick pay was 3-5days after they receive the original bills from me, then i call aftr getting unloaded and she tells me send bills and they send me a check within 30 days
 
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Old 08-18-2007, 06:06 PM
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See if you can factor the rest of the bill.
 
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Old 08-18-2007, 10:01 PM
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Originally Posted by Bigmon
See if you can factor the rest of the bill.
what exactly is that, i see the advertisements for factoring and all that stuff but not sure exactly what it is? i take it they give you the money--- they owe me $800, the factoring company gives me $750 and takes the bills and then collects the $800 from the broker??
 
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Old 08-18-2007, 10:01 PM
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if anyone has ever done this can they let me know how it works??
 



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