What will disqualify me from getting a bond?

[Bond Guy]

I have the opportunity to be a 50% owner of a car dealership in Pennsylvania. I have horrible credit (thanks to my ex wife). My single residence home is going to be foreclosed on in about a month. I can get a strong cosigner to back me up that actually owns a reputable car dealership in New Jersey. I have been turned down by Great American, CNA, Hartford, and a few others I forget about. can you please help?

[Bond Magician]

Originally Posted by Bond Guy

I have the opportunity to be a 50% owner of a car dealership in Pennsylvania. I have horrible credit (thanks to my ex wife). My single residence home is going to be foreclosed on in about a month. I can get a strong cosigner to back me up that actually owns a reputable car dealership in New Jersey. I have been turned down by Great American, CNA, Hartford, and a few others I forget about. can you please help?

Who is the other owner? How is his/her personal credit? It really depends on different factors - but we may be able to help you. The best thing to do is apply right on our website. You want to apply under commercial bonds. The process does not take long and you are not obligated in any way.

[Bond Guy]

The other owner is my brother. He has a 700+ credit score with many homes he owns. He has over 350K in liquid assets. My cosigner would be my Dad. He has a 750 credit score and is very strong financially as well. He owns a small accounting business that earns him roughly 200k a year. Do you think I will have a low premium?

[Bond Magician]

Originally Posted by Bond Guy

The other owner is my brother. He has a 700+ credit score with many homes he owns. He has over 350K in liquid assets. My cosigner would be my Dad. He has a 750 credit score and is very strong financially as well. He owns a small accounting business that earns him roughly 200k a year. Do you think I will have a low premium?

You may very well have a low premium, but it's hard to say until we receive the actual application and submit all the information to the surety company.