Surety Bond Forums - JW Surety Bonds

Miscellaneous Bonds - Acceptable credit score


Go Back   Surety Bond Forums > Commercial Bonds > Miscellaneous Bonds

Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 11-20-2007, 02:57 PM
Member
 
Join Date: Oct 2007
Posts: 80
Default Acceptable credit score

What is an acceptabe credit score to have a bond application accepted.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Free Surety Bond Quotes
Apply Online Now
  #2 (permalink)  
Old 11-20-2007, 03:37 PM
Senior Member
 
Join Date: Oct 2007
Posts: 366
Default Acceptable Credit Score

To be able to qualify for our standard program, we generally look for around a credit score of 650 or higher with no negative items on the report, such as bankruptcy, tax liens, civil judgements, or open collections, but it is hard to say until we pull the soft credit report and see what your score is. We can still issue a commercial bond (no contract bonds) if the owner has less than perfect credit, but the premium will be higher in the high risk program.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Free Surety Bond Quotes
Apply Online Now
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

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 01:22 AM.


Powered by vBulletin® Version 3.7.1
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.1.0
©2005-2008 JW Bond Consultants, Inc. All rights reserved.