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Business Profile

Factoring Services

RTS Financial

This business is NOT BBB Accredited.

Find BBB Accredited Businesses in Factoring Services.

Reviews

Customer Review Ratings

1.51/5 stars

Average of 67 Customer Reviews

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Review Details

  • Review fromAmandeep S

    Date: 01/28/2025

    1 star
    I had very bad experience with rts I served them termination notice on time I sent to the barun sharma he emailed back he received the termination notice and now they not giving me LOR as per barun he renew my contract for one more year I have very bad experience I would never suggest work with this company specially with barun dharma please help me get lor with them I m stuck contract ended on 25th since m trying to get lor now they saying they renew my contract
  • Review fromvictoria o

    Date: 01/17/2025

    1 star
    Do not do business with RTS financial. These ppl are associated with scammers. They will hold your company money for months stopping your operations and damaging your compamy. They will breach the contract and tell ppl outside your company, your company information. They are horrible people. Do yourself a favor.. RUN FOR YOUR LIFE....
  • Review fromJohn P

    Date: 12/04/2024

    1 star
    Here’s a refined version of your feedback:

    My experience with RTS has been extremely disappointing. After the first year, I couldn’t get in contact with anyone to renegotiate my contract—phone calls consistently went unanswered. Be very cautious and read your contract thoroughly. I was blindsided at the end by additional charges, including a $150 monthly fee for not meeting the mandatory minimum, even during times when I was on vacation or my truck was down. They showed no willingness to work with me in these situations.

    When I decided to leave, it took almost two weeks for them to release me, leaving me in limbo and unable to factor with another company. This nearly pushed me into bankruptcy. Their team is incredibly unresponsive, and once you sign the contract, don’t expect to hear from your salesperson again. This has been the worst business experience I’ve ever had. I wouldn’t recommend RTS to anyone—even my worst enemy.

  • Review fromAlgernon M

    Date: 11/19/2024

    1 star
    I signed my contract with them in September. I have a tax lien so they asked for proof that I was paying on it; I provided that. I don’t hear anything for a month. A month later I reach out and they ask for the same tax information so I provided it again. After a 3 week review they say they can’t factor for me; no problem. I then apply and get approved with another factoring company. The new company tells me RTS has filed UCC paperwork showing they’re my factoring company and until they release me, no one else can factor for me. We reach out to RTS on 4 different occasions and I’m told my account is still under review. I requested my release as well as the RTS sales rep I was working with. Currently I’m stuck with RTS until they release me from a contract that was never fulfilled. You can’t call anyone. They can only be reached via email. This is bad business all the way around.
  • Review fromYamama B

    Date: 11/18/2024

    1 star
    My experience with RTS exactly Brad M***** out of IL was terrible. I was factoring with OTR first but they refused to factor most of the loads i was taking as a new carrier. I transferred to RTS and Brad M***** kept on lying that he will factor all my old invoices. Which up to this day are not paid out 7 months later. I took a load after consulting with Brad only to later be told the will not factor it. When i asked Brad to cancel my contract he stopped responding to all messages. I reached out to his supervisors they kept telling me that they can't factor any of my invoices because they had an end date with those companies, Brad should have never accepted on my invoices. They said make a bonds claim with the Broker company insurance. After 3 months of waiting for the bonds claim the insurance company told me they will only pay less than 35% of the money i was owed. I am still going after my money with third party firms but it seems fruitless. As a new owner operator i went through a struggle, as this industry is all ready to run your business to the ground as soon as you start. I hope you never have to experience a day with RTS or Brad M*****.
  • Review fromTea S

    Date: 11/16/2024

    1 star
    They are NOT honest and transparent, they tell you one thing and do the other. run a credit check using your information you submitted for other reasons. you suddenly just find an inquiry on your report. Dishonest personnel.
  • Review fromTeame W

    Date: 11/14/2024

    1 star
    I am writing to share my deeply disappointing experience with Shamrock Trading Corporation/RTS Financial. If you are a freight carrier considering working with RTS, I urge you to reconsider. Their practices in handling contract closures, specifically the release of the letter of release, are both frustrating and drawn out.

    From the moment my contract neared its end, RTS engaged in tactics that seemed deliberately designed to delay and complicate the process. Calls and emails went unanswered for days, sometimes weeks. Each interaction felt like an uphill battle with evasive responses and procedural roadblocks that prolonged the ordeal. What should have been a straightforward process devolved into an ongoing source of stress and uncertainty.

    The result? Countless hours lost, unnecessary frustration, and a significant impact on my ability to move forward with other business opportunities. If you value transparency and reliable support in your financial partnerships, I recommend looking elsewhere.

    Don't make the same mistake I did. Protect your time, resources, and peace of mind by partnering with a company that values its clients, rather than one that leaves them trapped in a web of delays and unanswered questions.
  • Review fromRonda D

    Date: 10/04/2024

    1 star
    RTS is below a -5 ALL CARRIERS STAY AWAY. They will lie and frankly leave you stranded. They have my company in a choke hold. We have been with them 2 years and always took care of our account.
  • Review fromBobbi C

    Date: 09/24/2024

    1 star
    Dishonest is the word I'd use to describe RTS Financial.
    1. They say you're getting one factoring rate, 1.5% for example. If you read the contract you'll find that rate is only good for 90 days. After that, the rate will depend on how much u factor. The more $ u factor, the lower the rate & vice versa! Beware.
    2. U will be locked in a contract for 1 year. MUCH longer than other companies that do 1 to 3 month contracts.
    3. Aubree Campbell, an RTS sales representative lied directly to my face, twice. After reading their sneaky contract I decided to go with HaulPay, Aubree said don't sign w HaulPay bc they have "hidden fees". Except the 1st thing in HaulPay's contract shows $0 fees for everything Aubree Campbell claimed they charged for.
    4. RTF Financial jumped the gun & placed a lien on our company bc they assumed that, like most people, I'd blindly sign their sneaky contract. But I DIDN'T. RTS doesn't want to admit they placed the lien preemptively. Aubree Campbell said that by applying for RTS, I had agreed for them to place a lien. NOPE! I read & still have the application. It agrees to NOTHING. That's her 2nd lie! Tyler Dickman at RTS refuses to admit to placing the lien or do anything to remove it. Tyler Dickman won't talk on the phone. I would not recommend RTS financial.
  • Review frombalwant s

    Date: 09/22/2024

    1 star
    money stiller rts i use this company so bad service this time

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