Bonds and Credit

[Katietom]

I work for a title company and my boss has asked me to apply for Fidelity and Surety bonds in my name because her credit scores are low. How will applying for these bonds affect my credit, if at all?

[Admin]

Unfortunately, your boss does not get to decide who's credit the bond is based on. The surety will want to see information on anyone who owns more than 5%.

The good news is that we can get almost any applicant approved for any bond type due to our unique bond programs. I would recommend never agreeing to sign personally for a bond until you read about what bonds actually are. If there is a claim, you will be responsible for payment of it. Please read: Surety Bond Myths

The fidelity bond will not be based on credit. You can apply at: Fidelity Bond Application.

You can apply for the surety bond at: Commercial Bond Application

[mrbond]

KatieTom,

Basically, your boss is asking you to pretend that you own the business and to take out loans for her business in your name. Two things you now know:

1. She has bad credit
2, She is capable of fraud.

You should find a new job.

[Admin]

Hah, excellent way to sum it up MrBond!