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TAFS

Truckers America Financial Services. One of the larger factoring companies marketing heavily to owner-operators.

2.8/5244 reports10 real uploads

Community Verified

Data from real contracts

True Average Rate

LIVE

5.35%

Range: 4% - 5.5% from uploads

Advertised Rate

2%-4%

What they tell you

Monthly Cost (est.)

LIVE

$2,675

On $50K in invoices

Hidden Fee Score

7/10

Some hidden fees

Contract

12 months

Type

recourse

Termination

$500 + remaining invoices

Complete Fee Breakdown

Base Factoring Fee

Base Factoring Rate

Flat rate on each invoice factored

3.0%100% of users report this

Per-Invoice Fees

Invoice Processing Fee

Charged per invoice submitted

$2.5092% of users report this

Funding Fees

ACH Transfer Fee

Fee for each ACH bank transfer

$3.0088% of users report this

Same-Day Funding Fee

Extra charge for same-day access to funds

$10.0065% of users report this

Monthly/Recurring Fees

Monthly Minimum Fee

If you factor below a minimum volume, you still pay this

$10078% of users report this

Penalty & Exit Fees

Early Termination Fee

Fee for leaving before contract ends

$50085% of users report this

Other Fees

Credit Check Fee

Per-broker credit check fee

$5.0070% of users report this

Reserve Hold

Percentage held back from each invoice, returned later

5%90% of users report this

True Monthly Cost Calculation

Based on 15 invoices/month at $1,200 avg ($18K/month total)

Base factoring fee$540
Additional fees$1,060
Total monthly cost$1,600
Effective true rate8.9%

Red Flags

LIVE
  • 12-month auto-renewal: Your contract automatically renews for another 12 months unless you give 60 days written noticefrom uploads
  • Rate escalation clause: Your base rate can increase by 0.5% after the first 6 months based on 'market conditions'from uploads
  • Monthly minimum trap: If you factor less than $15,000/month, you still owe $100. This hits hard during slow months.from uploads
  • Reserve hold timeline: The 5% reserve can take 30-60 days to release, which is money you can't use for fuel and expensesfrom uploads
  • Termination calculation: Early termination isn't just $500 -- it also includes the projected fees on invoices remaining in your contract termfrom uploads
  • Auto-renewal for another year unless you give exactly 60 days written noticefrom uploads
  • Early termination fee with amount undisclosed (likely high)from uploads
  • Multiple per-invoice/processing/ACH fees raise your real costfrom uploads
  • Minimum base fee per invoice ($8 minimum) punishes small ticketsfrom uploads
  • Attorney and collection fees if you leave or breachfrom uploads
  • 12-month lock-in with auto-renewal clause
  • High early termination fee of $500 plus remaining invoices
  • Monthly minimum volume requirement of $15,000
  • Reserve hold of 5% can take 30-60 days to release

3 cheaper options found

1
BasicBlock2.4%
Save ~$531/moMonth-to-month
bothLow hidden fees
2
Bobtail2.6%
Save ~$495/moMonth-to-month
non-recourseLow hidden fees
3
OTR Solutions3.2%
Save ~$387/moMonth-to-month
bothLow hidden fees

Rankings are data-driven, not sponsored. Based on real uploaded contracts on $50K/mo.

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