You haul freight for a living.
You shouldn’t be hauling 24% interest too.
Whether you own your rig or drive for a carrier, truckers are among the most likely Americans to be carrying high-interest debt — and the least likely to have time to deal with it. Here’s what the debt costs you, and what one loan could change.
Diesel hit $5.50 last spring. You needed fuel to finish the load. The fuel card charged 26%. You paid it when the check came — but by then, you’d already used the card again. That cycle doesn’t mean you made a mistake. It means you run a business where cash flows in weeks and costs land daily.
For company drivers, the story is different but the math is the same. A CDL training loan at 18%. A credit card that covered two months of slow hauls. Interest compounding every single day while you’re racking up miles to pay it off.
Owner-operator or company driver — the debt trap works the same way
You own the rig. The rig is the job. When the truck breaks down, you borrow. When diesel spikes, you charge it. When a shipper pays net-60, you cover expenses out of pocket.
- Fuel card balances at 26–29% APR
- Parts & repair credit at 18–24%
- Personal cards covering business gaps
- CDL upgrade or endorsement loans
You don’t own the truck, but you still feel the road financially. Slow seasons, training costs, and expenses while on extended runs add up fast.
- CDL school loans at 15–22% APR
- Truck stop credit cards at 29.99%
- Credit cards from lean months or layoffs
- Relocation costs when starting a new gig
In both cases, the problem is the same: debt accumulated at one of the highest APRs in consumer finance, sitting there compounding while you drive. The consolidation math is also the same.
$18,000 in high-interest debt · avg 24% APR
Potential savings with consolidation: $8,300 and 6 fewer years
Illustrative. Your rate depends on credit, income, and lender. Rates from 6.99%–35.99% APR. 1099 and W-2 income both accepted.
“$8,300 is a lot of miles. A consolidation loan could save you that — at 2 minutes of work instead of 10 years of interest.”
Takes less time than a weigh station
See what rate you’d qualify for. 2 minutes. No credit impact. 1099 and owner-operator income accepted.
See My Rate — No Credit Impact →Who qualifies
Our lending network includes partners who understand how truckers earn. Variable income, 1099 status, and seasonal haul patterns are not automatic disqualifiers — many partners in our network work specifically with non-traditional income.
Income types accepted
- W-2 company driver
- 1099 owner-operator
- Lease-purchase driver
- Self-employed / LLC
Typical use cases
- $10,000+ in high-interest debt
- Fuel card payoff
- CDL training loan refinance
- Multiple payments into one
“I had $22,000 between a fuel card and three credit cards I used when the spot market crashed last winter. Was paying almost $800 a month just in minimums and barely touching the principal. Checked my rate on Trucker Loans during a layover — took maybe three minutes. Locked in 10.2% APR, single payment of $560, done in 48 months. That’s $240 a month back in my pocket.”
Marcus D.
Owner-operator, TX
How it works — faster than a fuel stop
Check your rate from anywhere
Phone, tablet, laptop — works from the cab, the yard, or home. Share basic income and loan info. No SSN at this step. Under 2 minutes.
See offers from 50+ lenders
Get real, personalized rates side by side. APR, monthly payment, term — for each offer. No obligation. Compare as long as you need.
Pick your loan, get funded
Choose the offer that works for you and complete the application. Many lenders fund within one business day of approval.
2 minutes · No credit impact · 1099 welcome
See what rate you qualify for
Personal loans $1,000–$100,000. Compare 50+ lenders. Soft pull only until you choose.
Check My Rate — No Credit Impact →Checking rates does not affect your credit score.
Why now
At 24% APR, an $18,000 balance accumulates $360 in new interest every single month — before you make a single payment toward the principal. That’s money leaving your account while you sleep, while you haul, while you wait on a shipper’s check.
Checking your rate takes 2 minutes and costs you nothing. You might find out you don’t qualify, or that the rate isn’t better than what you have. That’s useful information. You might find out you can save $8,000 and six years. That’s life-changing information.
Ready to check your rate?
$1,000–$100,000 · From 6.99% APR · No credit impact · 1099 OK