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How long should I wait to report nonpayment?

May 08, 2018 at 09:48 PM CST
+ 1
called twice, sent two emails after 45 days.
Replied on Wed, May 09, 2018 at 10:56 AM CST
+ 1 - 1
That's long enough

Replied on Thu, May 10, 2018 at 08:24 AM CST
If you think the broker is going broke, file immediately with no waiting. Their bond won't cover many loads. I waited too long and got nothing. I don't know how broker could go broke with only an office space and a cell phone, but he managed it. Might have been the cost of printer ink.
Replied on Thu, May 10, 2018 at 12:50 PM CST
31 days or 1 day longer than your contract with the broker states.
Replied on Thu, May 10, 2018 at 12:53 PM CST
perhaps the broker had a customer that didn't pay him.
Replied on Thu, May 10, 2018 at 02:47 PM CST
+ 2
That could be, but it shouldn't be your problem. I am sick nand tired of brokers with $1-200k or more in loads out and they are able to operate on a 10K bond. I think you should not be able to exceed your bond with your payables. It's a little like hauling a $50K load with $10K in cargo insurance.
Replied on Thu, May 10, 2018 at 05:16 PM CST
Originally Posted by: STEVE RALSTON
Quote: "If you think the broker is going broke, file immediately with no waiting. Their bond won't cover many loads. I waited too long and got nothing. I don't know how broker could go broke with only an office space and a cell phone, but he managed it. Might have been the cost of printer ink."

from what i heard the bond does not cover ag loads, is this true?
Replied on Fri, May 11, 2018 at 07:36 AM CST
I assumed it did, but I'm not sure. The broker who burned me was a general commodities guy.