There are few things in the transportation business as frustrating as bad freight brokers. This is a broker not paying drivers for their work which may be for a variety of reasons. However, it all comes down to not getting paid what is promised. These freight deadbeats account for a good percentage of drivers and their companies not getting paid for their work.
What Not Collecting the Debt Means to You
While every business should have a cushion for not getting paid on occasion, allowing a bill to go unpaid has consequences that only build each time it happens. Here are just a few of the things that happens when you do not get paid for your work.
- Reduced Revenue Stream
- Increased Expenses
- Less Cash for Emergencies
- Tougher to Balance the Books
- Not Knowing What Freight Broker to Trust
All these elements come together when you are not being paid what is rightfully owed to you by a bad freight broker. While many transportation businesses are built to handle extenuating circumstances, such as delays caused by bad weather or mechanical breakdown, not having freight brokers pay what is owed has ramifications that go far beyond the missing payment itself.
Your available cash becomes less which makes you more vulnerable to unexpected events that could setback your business. The reduced revenue also means reduced growth, setting back your plans to expand and take advantage of new markets. The overall effect is that you have less money to do what your business needs to get done which has both immediate and long-term effects.
Because going after the money from a broker not paying drivers costs you time, effort, and resources itself, it’s not surprising that many do not even bother after the first few ties to pursue the money that is owed. The best solution for handling freight deadbeats is to use a qualified, knowledgeable, and experienced freight debt collector to get the money that is promised.
Why a Freight Debt Collector is the Answer
There are good reasons to hire a qualified freight debt collector for a broker not paying drivers. This type of collector has what it takes to maximize the possibility of getting the money that you are owed. Plus, there are several advantages to using collectors on freight deadbeats.
Experience: Hiring a freight debt collector who specializes in getting payment from bad freight brokers means that you have the best, most experienced person or team in such matters. They have developed proven techniques over their years of service which makes them the best choice to collect on the debt that is owed to you.
Legal: One area that many drivers and transportation companies get caught in trying to collect the debt on their own is running afoul of the law. The laws that govern freight debt collection are long and laborious to read, meaning that making one mistake in trying to get your debt paid may result in going to court over violation of debt collection laws.
That’s where a knowledgeable, experienced freight debt collector comes into play as they fully understand and abide by the local, state, and federal laws that cover this type of collection. By employing their services, you will be collecting on bad freight brokers while not having the efforts cross the legal line.
Effort: When you think of the time, effort, and energy that you must put in trying to collect on a debt, it is far better to turn that over to an experienced freight debt collector. They can do the work while you can get back to running your business. This means a more efficient use of your time, effort, and energy while increasing the chances of the debt being paid.
Results: The track record of a good freight debt collector should be more than enough to convince you that they are the right choice for the job. After all, the only thing that counts is results, so by going with a commission deal, you are not paying much of anything until the debt itself is paid. This type of payment or even a flat fee results in debt collectors shouldering the burden of getting the debt paid off which in turn puts the money owed into your pocket.
Hiring a good freight debt collector means that you are taking the right approach to handling bad freight brokers. A broker not paying drivers is not good for your business, so handling freight deadbeats the right way with a knowledgeable, experienced debt collector is the way to go.