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  1. Join Date
    Oct 2006
    Posts
    86

    Do surety companies make exceptions for certain collections?

    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?

  2. Join Date
    Jan 2005
    Posts
    755

    Quote 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.

    Quote 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.

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