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Old 01-02-2008, 05:29 PM
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If I have bad credit and I need a bond. Does it make sense to have a co-signer for the bond who has good credit?
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Old 01-03-2008, 07:37 PM
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Default Bad Credit Surety Bonds
Quote:
Originally Posted by Numbers
If I have bad credit and I need a bond. Does it make sense to have a co-signer for the bond who has good credit?
In some cases yes. The thing you have to remember is that a co-signer PERSONALLY indemnifies to the Surety Company on your behalf. Most people are not willing to do that. It's really best to see if the bond can be written without a co-signer. Be in touch with your bond representative to see what your specific options are.
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