Do surety companies make exceptions for certain collections?

[Redbull]

Hello,
I have had a lot of medical problems in the past year, and there are open medical collections on my credit report. Will any of the surety companies make exceptions? Could you give me a better rate if I can provide documentation that they are being paid off?

[Admin]

Originally Posted by Redbull

Hello,
I have had a lot of medical problems in the past year, and there are open medical collections on my credit report. Will any of the surety companies make exceptions?

Some sureties will be easier on someone with collections due to medical problems rather than credit card debt. However, unless they are small collections the surety will not easily approve you in a standard market.

Originally Posted by Redbull

Could you give me a better rate if I can provide documentation that they are being paid off?

Yes. Many bonding companies will look the other way if a medical collection is paid. Doing so will allow for a much more competitive rate.