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Thread: Personal Credit

  1. Pacman
    Pacman is offline Junior Member
    Join Date
    Jul 2007
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    29

    Personal Credit

    Why does my personal credit affect my bond rate?
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  2. Bond Guy
    Bond Guy is offline Senior Member
    Join Date
    Oct 2007
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    179

    Personal credit is a factor for your bond because the Surety Company likes to see how you manage your personal finances. They use this as a reflection on how you will handle your business. Since they only know you by an application sent to them a credit report gives them some additional financial information about you.
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