Sign up for The Wire Newsletter!

In The News

As coronavirus grips economy, lenders offer some forgiveness for missed truck payments

By James Jaillet & Max Heine - OverdriveOnline.com
Posted Mar 23rd 2020 1:58PM

Owner-operators and small fleets with financed or leased equipment can likely land at least temporary relief from their monthly truck payments simply by contacting their lenders to work out a deal.

With the COVID-19 coronavirus outbreak suddenly tossing the global economy into an all-but-certain recession and some owner-operators already reporting loads drying up, lenders are willing to work with operators to delay payments for up to three months, sometimes without any penalties, so long as they call them...

READ MORE...

OverdriveOnline.com