Full of lies- scammy predatory factoring company
They are a scam company. They do not follow through any of the things they offer. Their tech is a joke and a hassle when you need to run your business. I have been trying to get out for 3 weeks even though they are saying my account is inactive and I have to reapply. They will not let my account be released. They have stopped answering emails and my calls. This is so unprofessional. The trucking industry does not need another predator factoring company. Stay away from them
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SMALL TRUCKING COMPANIES BEWARE
I had an extremely disappointing experience with Outgo Inc. After my company trusted them with our factoring and business operations, my account was suddenly restricted during an ongoing dispute involving transactions that their own systems had previously approved and funded.
The freeze on my funds severely impacted my business. I was unable to properly pay drivers, cover fuel, maintain operations, or keep loads moving consistently. Drivers quit, business relationships were damaged, and my company suffered significant financial losses while I struggled to get answers and support.
What has been most frustrating is the lack of transparency and communication throughout the process. Instead of working collaboratively to resolve the situation fairly, I felt pressured into accepting responsibility for losses before receiving complete accounting and documentation.
For small trucking companies, cash flow is everything. When a factoring company restricts access to operating funds, the consequences are immediate and devastating. I strongly encourage other carriers and owner-operators to fully understand the risks, carefully review all agreements, and make sure they have independent legal advice before entering into any long-term factoring relationship.
The freeze on my funds severely impacted my business. I was unable to properly pay drivers, cover fuel, maintain operations, or keep loads moving consistently. Drivers quit, business relationships were damaged, and my company suffered significant financial losses while I struggled to get answers and support.
What has been most frustrating is the lack of transparency and communication throughout the process. Instead of working collaboratively to resolve the situation fairly, I felt pressured into accepting responsibility for losses before receiving complete accounting and documentation.
For small trucking companies, cash flow is everything. When a factoring company restricts access to operating funds, the consequences are immediate and devastating. I strongly encourage other carriers and owner-operators to fully understand the risks, carefully review all agreements, and make sure they have independent legal advice before entering into any long-term factoring relationship.
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Nope
Their all good news for the past. They have redicilous factoring limit. You can’t factor your invoices until brokers pay to outgo. Then what’s the idea of having factoring company. They are no good for customer service enough.
Underwriting has very late response .
I only work with them one month and they have a factoring limit for 3 trucks 80,000 only, they do not reply back to you .
I reached out to them to increase the limit. they haven’t got back to me till five hours.
And they won’t increase your limit and they want you to call brokers and release the payment so that’s how they can provide more space for factoring . So at the end, I have to go with other factoring company. And their customer service is not really nice because they can do anything so lastly, when it was time to buyout by other factory they didn’t reply for six hours . Yeah this is true. They pay your invoice within 15 minutes to 30 minutes . Be careful .
Thanks
I reached out to them to increase the limit. they haven’t got back to me till five hours.
And they won’t increase your limit and they want you to call brokers and release the payment so that’s how they can provide more space for factoring . So at the end, I have to go with other factoring company. And their customer service is not really nice because they can do anything so lastly, when it was time to buyout by other factory they didn’t reply for six hours . Yeah this is true. They pay your invoice within 15 minutes to 30 minutes . Be careful .
Thanks
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The worst
The worst factoring company I’ve dealt with thus far .
