
Why can't I get approved for a Motor Vehicle Dealer Bond if I have unpaid child support showing on my credit report?
Most bonding companies see unpaid child support in the same light as a bankruptcy. If you are unwilling to pay your children, what are the chances you will pay the surety in the event of a claim? Also, a lot of bond underwriting is trying to judge a person's charactor using data from their financial background. Late child support is a big strike against your charactor when underwriters have little else to go on.
With all of that said, we do represent one surety carrier that will still consider you at a higher rate, provided you have a good explanation for the late child support. See our bad credit surety bond program.
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