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Bid Bonds - Negative Credit Resolve Needs Quick Bid Bond


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Old 10-15-2007, 10:09 AM
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Default Negative Credit Resolve Needs Quick Bid Bond

Hello, I went thru an insurance company with a fastrack application. It was denied. I would like to resubmit the application with a co owner as well. I have been listed as the owner but my nephew will be a part owner as well. We would just move up the date of his ownership to monday. The bid bond is needed by 10 am on tuesday the 16th of October. I am sure this is not possible but I have to ask.
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Old 10-15-2007, 03:14 PM
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Default Negative Credit - Bid Bond

Quote:
Originally Posted by apprentice35
Hello, I went thru an insurance company with a fastrack application. It was denied. I would like to resubmit the application with a co owner as well. I have been listed as the owner but my nephew will be a part owner as well. We would just move up the date of his ownership to monday. The bid bond is needed by 10 am on tuesday the 16th of October. I am sure this is not possible but I have to ask.
Unfortunately, if you are still an owner of your company and you have poor personal credit, we will not be able to help you with this request. There are only a very few programs available for contract bonding for people with less than perfect credit - and we don't have access to them. If you can find a program, it will undoubtedly require high premium along with some form of collateral. I'm sorry we will not be able to help you with this request.
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