Thread: Poor Credit
View Single Post
  #4 (permalink)  
Old 10-03-2008, 12:07 PM
Surety Queen Surety Queen is offline
Surety Professional
 
Join Date: Oct 2007
Posts: 558
Default Bid Bonds - Poor Credit

Quote:
Originally Posted by grasshopper
What are some of the specifications that go into determining an approval for somebody with credit that isn't terrible but also isn't amazing? Do bankruptcies after seven years still work against me? What if I own property or have a mortgage?
Homeownership is definitely a factor. We are finding recently that what people think of as "Bad Credit" may still qualify for contract bonding. Older BK's or small collections may not matter any more. The best way to find out is to submit a Fast Track application and see if you qualify.
Reply With Quote