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Contractor License Bonds - personal credit


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Old 05-29-2008, 02:29 PM
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What does a Surety company look for besides the owner (s) personal credit? Would they review personal financials, home ownership, etc?
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Old 05-29-2008, 03:23 PM
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Default Contractor License Bonds

Quote:
Originally Posted by Bond Magician
What does a Surety company look for besides the owner (s) personal credit? Would they review personal financials, home ownership, etc?

Yes - because personal financials, homeownership, etc. are part of an owners personal credit. That being said, if someone has poopy credit but still owns a home, they would still fall under the high risk programs.
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