Click to verify BBB accreditation and to see a BBB report.
McAfee Secure sites help keep you safe from identity theft, credit card fraud, spyware, spam, viruses and online scams
Follow us on twitter!
  #1 (permalink)  
Old 08-29-2007, 03:32 PM
Junior Member
  
Join Date: Jul 2007
Posts: 29
Default Personal Credit
Why does my personal credit affect my bond rate?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #2 (permalink)  
Old 07-22-2008, 04:55 PM
Senior Member
  
Join Date: Oct 2007
Posts: 179
Default
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.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply

« Previous Thread | Next Thread »
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -4. The time now is 10:44 AM.

Contact Us - Surety Bond - Archive - Top

Powered by vBulletin® Version 3.8.2
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.1.0
©2005-2008 JW Bond Consultants, Inc. All rights reserved.