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Debt Collection When a Broker Doesn’t Pay
Many transport and logistics carriers have experienced brokers that collect money from shippers and then fail to pay the carrier. The reason for this could be many like the broker may go out of business, file bankruptcy, or be operating a scam brokerage. Collecting debt from your brokers can feel like playing a catch-up game with a large negative impact on your company’s bottom line. Fortunately for transport and logistics carriers, there are alternative methods for collecting the freight charges. You can hire debt collection attorneys to help you out.
Transportation Collections Group is a transport and logistics industry debt collection attorney helping you to collect a debt from the brokers. We work with you where we use collections strategies to maximize debt recovery. We are among a few top collection companies that will have our attorney’s file suit, at your request, if we are unable to collect on the debt, even if the broker is no longer in business and if the shipper paid the delivery charges to the carrier.
Our licensed investigation team checks to find out the key information such as:
- Researching purchases order numbers
- Locate carrier division
- Business credit analysis
- Identify any successor companies
- Perform UCC searches
- Investigate and uncover key business relationships.
Common Transport Laws
The transport and logistics sector includes a variety of means of transportation and different rules and regulations apply. This field is also prone to international businesses, so international rules and regulations also apply and they may differ from those in your country. If you have a broker who did not pay, you should not wait too long to claim your payment. The limitation period of 1 year applies, which means that if you have an outstanding invoice this must be dealt with within a year. If you are not aware of the law or find it hard to file a claim, then Transportation Collections Group can help. Our professional attorneys use tried tactics to get the broker to pay.
