What does 1st Commercial Credit do well? Great things that are offered: 30 Day Factoring Trucking Rates as low as 0.69% – 1.59%, fuel Card Discounts, same day funding on credit approved shippers or brokers, no up-front fees to set up, flexible approvals – same day decisions, free credit checks online, and no monthly minimums. The fuel advances are particularly nice. The set-up to talk to someone was easy, almost like typical marketing gimmicks to rope you in and interest you.
What does 1st Commercial Credit not do well? Main concerns and cons of 1st Commercial Credit are No Information / feedback online – company is too new, No BBB accreditation, No TheTruckersReport.com comments, and No RipOffReport.com reports filed. Their customer service was absolutely terrible. It seemed like every time I needed assistance and called I would have to wait forever to get a response and assistance. Their support was also not helpful and sometimes rude to my request. I tried to apply for a small loan and they were trying to get me at a higher interest rate that originally stated, by like ~2.5%.
What do you wish you had known about 1st Commercial Credit before using? I think knowing the approval ratings for the loan company, rating of the president/CEO for the public opinion, loan rating, return on investment, time for payoff, and ability to manage the budget with the loan percentages they offer along with if that is a set percentage that they offer would all be really nice. There isn't a ton of information out there available for the public to view and decide on.