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Originally Posted by baybones Because I recenly paid the collection, I have a bank draft for the amount. Considering the low amount of the collection, do you think this would suffice as evidence. Companies can be difficult to work with on getting documentation. |
It depends on the bonding company and the underwriter. You could try to use that at first and the underwriter will let us know if additional documentation is needed.
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Originally Posted by baybones Also how would I get thie evidence to the underwriter before they actually look the file. |
Our agents always know to review a file to what can be done to obtain the lowest rate prior to submitting. Something like an unpaid collection will be an immediate red flag to the agent and they will recommend you show documentation that it is paid, as the money saved on premium would be a good amount more than having to pay the collection.