Common trucking debt problems
- MCAs taken to cover fuel or repairs while waiting on broker payments
- Conflicts between a factoring company and an MCA funder over the same receivables
- Truck and trailer loans or leases that cannot be missed without losing equipment
- Rate drops that cut revenue while fixed payments stay the same
Why factoring and MCAs can collide
A factoring company and an MCA funder may both claim rights to your freight receivables. When both have UCC filings, they may dispute who gets paid first, and your customers may receive conflicting notices. Sorting out priorities is an early step in any plan.
How we help
We review every agreement, map who claims which receivables and build a plan that keeps trucks on the road where possible. Proposed terms are reviewed with you in writing before acceptance.
Questions
Can you help if my truck is about to be repossessed?
Contact us and an attorney immediately. Equipment lenders may act quickly, and early communication improves the chance of a workable arrangement.