Common Freight Factoring Myths and the Facts Behind Them

The payment of freight is usually made weeks after delivery and fuel, repairs and wages to be paid on time. This is the reason to learn freight factoring myths to make smarter decisions related to the cash flow. There are old-fashioned or unfinished statements that lots of trucking operators listen to, and which get them confused over the true workings of factoring. Others feel that it is exclusive to new carriers, leads to loss of control or is too expensive all the time. However, in practice, freight factoring merely transforms invoices missing payment into early payment and never gives rise to a debt. This article dispels the widely held myths about freight factoring by describing what actually happens.
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