TBS Factoring ServiceReviews of tbsfactoring.com

Was unaware of a locked in contract and what a ucc filing was being brand new to factoring when being sent an application. Decided I did not want to factor with them but had signed a contract and they would not release my ucc even though I had not factored with them at all and didn't know I was locked into a contract. Their rates are alot higher and the % fee is not all inclusive. Being brand new to factoring I had no idea what anything was, I thought the sales rep was going to explain everything. I had to learn the hard way and asked after the contract was signed what a UCC was and about cancellation policy. Lesson learned, currently will never do business with them and will be telling everyone I come in contact with not to use TBS also.Shippers, Brokers,dispatch team, other drivers, other business owners sitting on invoices. Even if they don't release my UCC right away I will never factor with them. I will take out a loan or borrow money till my invoices are paid before I ever FORCE factor with them. If they release my UCC and not force me to factor with them things may change in the future. My current company is a fixed 2.5% recourse up to 90 days with no locked in contract and it includes invoicing and collections.They will tell you it is too good to be true and that there has to be something in their contract. I have talked to 4 different owners currently using this other company(McDowell Factor & Capital Services LLC)that I want to switch to and they say nothing but great things. As of right now my view of TBS is bad. I have not factored 1 single load yet I am locked into a 3 month contract. I do not want to do business with them at all but they will not release my UCC so I can do business with a company that works better for me. I am sure there are companies that use TBS and love them and leave great reviews, awesome every company is different. This company is not for me A lot better rates out there with honest and transparent companies that don't force you to do business with them. Do your homework first. YOU HAVE BEEN WARNED

I had an unsolicited phone call from TBS (to be fair many others did the same thing) and told the person that I was not looking at factoring companies until I got my insurance. I was told they could help with that. Said I was not interested and said I had a great agent that I trusted. I was then told they work with them when I hadn't even given them a name. I have been in the industry for a long time and know the awful reputation that TBS has. This aggressive sales tactic is what they must have to do in order to get clients. I am sure some marketing person will be along to set me and others reading this straight. If you are looking at this company I suggest that you do some research. Sad attempt at humorous insult coming 3...2...1...

They are always making mistakes. I have to stay on top of them all the time. They need to communicate better.

TBS is such a total rip off. I have been lied to for a very long time. I am also filing a complaint with the BBB on this company as I am being held hostage in a contract until 2020 because someone cant give proper information. I haven't used your services since 2015 and yet I am a hostage. I will blast Social media with the truth about your services as well. the last time I tried to factor with this company I was told my contract had expired and I would need to renew, I chose not to and have done my own billing for the past 4 years with never a word from TBS until today when I tried to sign up with a another factoring company and was told that I needed a release from TBS okay no problem I will get it so I called only to be informed they renewed my contract automatically after my phone call to them where I had been told it had expired and I couldn't factor anything. So I was told i could cancel if I wished but would need to pay $4000 BS is what it is...If you are smart look elsewhere because you will not benefit from this company and their so called help in the industry.

This sorry lying people after three years now say I owe them money haha lying out ther a-- well court here we come, ,maybe after this they will think twice about stealing money from hard workings people, ,lawsuit of about 250000.wake up this is gonna hurt

I'm tired of TBS they need to get the stuff together this is the third time that they deposit me someone else loads into my account . It's creating a mess on my account I shouldn't have to go through these I am the customer. I hope this review help them fix what is going on internally .I'm ready to leave tbs and I won't pay any penalties for leaving or breaking the contract . This is not jco Transportation fault is TBS .note TBS factoring services

This company is horrible.They are liars!!!! They take your money on suppose to be recourse bills and never give you the money back. Constantly pass you around the round ,instead of resolving issues.

Muy molesta con ellos es mejor no enrollar con ellos no tienen personal capacitado té descuentan sin antes avisarte mi chofer pago un lumper yo les mande el recibo y ellos jamás se lo enviaron al broke y me descontaron a mi algo k mi chofer pago de su bolsillo de favor si no kieres vivir en estress no factoring con ellos por favor