What is a Credit Rating?
A Credit Rating is given to a company's load posting. This rating offers an assessment of the company's overall
credit risk. Note: This is a Premium Membership Plan Feature.
What risk factors determine the Credit Rating?
Each credit risk factor is weighted according to their importance. These include:
- Years in business;
- Collection activity;
- Payment trends;
- Account longevity;
- Average credit lines.
What do the Credit Ratings mean?
The Credit Ratings used on 123Loadboard.com are visual and very easy to understand. The best Credit Rating a
company can have is 4/4 and the worst is 0/4.
Credit Rating (CR) |
Ranking out of 4 |
|
|
Credit rating =
N/A
Credit Rating not yet assessed as the company may still be new.
Average Days-to-Pay
The “Average Days-to-Pay” value is given to a company's load posting. This value
represents the Average Time it takes the Broker, Shipper or Manufacturer to pay
the Carrier/Owner-Operator. Note: This is a Premium Membership Plan Feature.
For example, if the Avg Day-to-Pay value is “21”, this means that on average you
will get paid in approximately 21 days.
Days-to-Pay:
All History: 21
Last 90 Days: 22
Last 60 Days: 22
Did you know that you can get paid within 24 hours?
Factor your loads with Freight Capital and minimize the time you wait to get
paid.
Freight Capital will give you immediate cash for your freight bills.
Note:
While every effort has been made to ensure that the information contained on
this site is correct and up-to-date at the time of posting, 123Loadboard.com,
FreightCapital.com, its partners, affiliates and/or subsidiaries shall not be
liable for any damages of any kind resulting from use of the information
contained herein. 123Loadboard.com does not lay any claims to the accuracy of
the credit ratings, days-to-pay, licensing, authority and/or insurance
information listed and in no way is the broker, shipper, carrier, owner-operator
bound to it. No person should place reliance on information derived from this
website where such reliance may result in loss, damage or injury. You may choose
to make additional credit checks. If you feel that the information posted
contains errors, please contact us.
You may always choose to make additional credit checks and factor the truckload
through Freight Capital.
Learn more here!
