How come I cannot be placed in a standard program?

[Unregistered]

I have had my credit pulled and was unable to be placed in a standard program due to a low credit score; however, I do not have anything negative on my credit report. How come I cannot be placed in a regular program?

[Admin]

There are several items a surety will look at besides your credit. For License and permit bonds under $50,000 they will also look at your personal financial statement for liquidity and home equity. At times they will also require a resume. For bonds $50,000 and over most sureties will require business financials in addition to what I just listed.

The current surety bond market is tough, and not everyone can obtain a bond. As far as your situation goes, most sureties will want to see atleast a score of 660 with no major flaws (ie liens, bankruptcy, collections, etc.)