Lillie W.
Beware
TBS is great at factoring the loads and getting you your money until the customer doesn’t pay. They are not loyal to the client. The broker contacted TBS to inform them they will not pay; TBS sided with broker and charged money against my account without a thorough investigation into the matter. Now I am without my money and having to provide proof I was within guidelines. This information should have been examined before they took my money. I am referring to a non-recourse factoring agreement. So don’t think that non-recourse protects you. They even commented that they believe the load was provided to us with the intentions of not paying. Sounds like they are on our side but nope, they still kept our money. Find a factoring company that offers true non-recourse. True non-recourse says no matter what, you are not liable if the customer renege on their payments or pay their invoices late. Any losses will be absorbed by the factor.



