Surety Bonds Do Not Affect Credit
Surety bonds are designed to not affect the credit of businesses or the personal credit of it’s owners. Going with a bond rather than a $75,000 trust/line of credit frees up a large amount of credit! Personal credit reports are reviewed for underwriting purposes, but even then, the credit reports pulled are what is known as a “soft credit pull”. These soft pulls allow insurance companies to view your pay history without counting as inquiries that lower your score.
Therefore, bonds do not utilize credit you could use in an emergency and the underwriting process has no impact on personal credit when soft credit pulls are utilized.
Get A Bond Quote In Minutes
JW Surety Bonds has an exclusive bond program for the $75,000 freight broker bond available now:
• A+ rated, Treasury-listed surety
• No collateral
• Lowest rates in the country
• Approvals regardless of credit strength
• 99.9% approval rate
Be prepared for the October 1 deadline. Apply directly on our website to get an instant approval.