eCapital Freight Factoring
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Unusual business strategy!
I’ve been with ECapital for over a year. Account is in good standing. I stopped using ECapital since I started to work for another company. I’m returning now and want a letter of release. ECapital states I have a contract and I have to pay to leave. There was an automatic renewal in which they will not send an email to give you a heads up because they must know money is time. Only way out is to start a new MC or wait until you are close to your renewal. Which means new ins which is another 5000 for down payment or wait another 8 months. Amusing! At the same time, if you have had business between ECapital and a previous broker, a client is forced to pay ECapital because you do not have a letter of release but new brokers you have to lie to and say, “no, I do not have a factoring company”, which ECapital is actually fine with. Thank you ECapital for showing me how to do business.