Freight bill factoring helps trucking companies get cash quickly to run their businesses smoothly. This cash allows the companies to keep up with day-to-day expenses, maintenance charges, fuel costs, and more. But occasionally, like all businesses, trucking businesses too can become victims of fraudulent practices. They may fall for certain freight bill factoring frauds that can lead to huge losses. So, here are a few of such scams to avoid: 1. Enticing offers There is no such thing as a free lunch; if it’s too good to be true, it rarely is. Like everything else, this holds true for businesses. Freight factoring scammers will approach one with a great offer much above market prices. One needs to be careful when met with an offer they cannot refuse, but refuse they must. These scammers promise a fantastic payout but have no intention of paying the money. So, an unbelievably high offer must be thoroughly investigated. 2. Impersonation and identity theft Fraudsters are increasingly becoming tech-savvy, and there have been cases where they have impersonated legitimate companies down to the near exact logos and email addresses. They have even gone so far as to steal legitimate Motor Carrier (MC) numbers to get loads booked.