Payment Terms

[loaders]

I am sure we can all agree, that although we don’t like it and prefer if it was otherwise, but if a customer (freight broker or direct customer) pays regularly and religiously in 20, 30 or 45 days, we can live with it. A regular payment schedule that doesn’t change regardless of holidays, sick leave, etc., etc. is the sign of a good credit risk. A usual 30 day payer that suddenly drags out to 40 or more days is a sign of trouble and needs to be addressed. If the payment arrives like clockwork every 45 days without emails or telephone calls, I am OK with that.

 

[fedup]

Jim L.
Agreed 100% - this is exactly what the previous discussion surrounded and the reason the thread was started.
Credit to new brokers is a "privilege" - not a "right".
It's like every other start up business - either you have the money to get you through until your clients pays - or you don't.
The carrier is not your bank nor is it their responsibility.

 

[loaders]

Absolutely correct. As the owner of the service, it is your choice who to provide credit to and at what terms. It is also your choice as to what rate you will provide your services, if you choose to provide them at all. I am fully aware of, and recognize the hardships and challenges that face carriers each and every day. Consciously providing credit to unworthy customers and accepting rates that do not cover your operating costs, should not be amongst them.