Bad factoring deals trap truckers - a podcast by Land Line Now News Team

LLN (3/22/22) – Some specific financial companies are preying on small motor carriers, trapping them into factoring deals and agreements that can be very financially damaging – and impossible to get out of. Also, the St. Christopher Truckers Relief Fund has a program called “Rigs Without Cigs.” There are a number of decisions you need to make after getting a ticket. One of the first should be calling an attorney. Next is whether to fight it. And physical damage coverage isn’t required by law, so you might feel inclined to say no when your insurance agent asks if you want it. But there are reasons to have it.

0:00 – Rigs without Cigs.

10:14 – Bad factoring deals.

24:47 – What to do when you get a ticket.

39:37 – Physical damage coverage and who needs it.

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