Surety Bond Forums - JW Surety Bonds
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Old 08-29-2007, 03:32 PM
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Default Personal Credit
Why does my personal credit affect my bond rate?
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Old 07-22-2008, 04:55 PM
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Join Date: Oct 2007
Posts: 179
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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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