Credit Resources for Independent Carriers
It is imperative that independent carriers make utilizing a credit reporting agency an integral part of their operations. We recommend using an established agency to verify financial stability when working with a broker you have not hauled for in the past. It is also a good idea to check on established relationships on a quarterly basis.
The most important factor in any transportation credit data is the input collected from carriers. We can help to improve our industry by reporting payment information, both the good and the bad. There are several options available to carriers today. The cost for credit reports will vary between agencies, as does the data. You can report your credit experiences at no charge. The following information is provided as a service, and no representation is made as to the accuracy of information available on these sites.
Transcredit is one of the oldest transportation credit scoring companies around. They offer several packages for subscribers and provide an interface for subscribers to report credit experiences. If you are not a subscriber to Transcredit and would like to report a broker, simply click on ‘Contact Us’ and fill out the requested information. Remember to include the broker’s name, location and MC# in your report.
Core Logic was formerly known as CompuNet Credit. They offer a variety of services, including credit reports, driver screening, and fleet management. Non-subscribers can click on ‘Submit a Credit Reference’ under the menu item ‘Credit Reports and Services’ and fill out the required information.
Internet Truckstop offers a credit inquiry package as an add on to their load board service. They are very active in the industry and offer an excellent credit alert feature for their subscribers. To submit a credit report under ‘Carrier Tools’, click on ‘Report a Broker’. The Internet Truckstop will allow any carrier to report non-payment by a broker. Subscribers to Internet Truckstop may also submit days to pay and broker performance reports.
GetLoaded also offers a credit package as part of their load board service. The credit information posted by GetLoaded is obtained through TransCredit. GetLoaded will submit credit experience information to OOIDA on behalf of its member carriers. Log in to your dashboard and select ‘Fill out a Credit Experience’ under the TOOLS menu along the right side of the page.
RTS Credit offers several package options for purchasing credit reporting. Subscribers may report through the RTS Bulletin Board feature on the site. Non-subscribers may click on ‘Contact Us’ on the upper right hand corner of the page. Be sure to include the broker’s name, location, and MC#, as well as your contact information when submitting a report.
OOIDA accepts credit experience information from its members. They are included here because they offer collections assistance and bond filing for their members at no cost. OOIDA also maintains a list of non-paying brokers and shippers as reported by their members. If you are not a member of OOIDA, you might consider further examining their benefits.
Truckers Edge provides independent operators and small fleets with cost-effective access to the DAT Transcore load boards. Your subscription includes credit information available on each load posting. OOIDA members receive a discount on Truckers Edge products.