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Motor Vehicle Dealer Bonds - New surety company


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Old 06-25-2007, 11:10 AM
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Default New surety company

Hello,
I currently have a motor vehicle dealer bond placed with a surety company. They informed me that they will not be able to renew my bond this year due to my personal credit. Why is it that some surety companies will not write bad credit surety bonds, and some will?
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Old 07-16-2007, 01:16 PM
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Few bonding companies are willing to write clients with bad credit. The bad credit surety bond programs are far and few in between.

Most bonding companies simply are not interested in guaranteeing such high risk principals.
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