Bad Credit Surety Bonds
What is a Bad Credit Surety Bond?
Bad Credit Bond Programs, also known as High Risk Bond Programs are specialty programs by carriers that are willing to write higher risk applicants at a higher rate. The rates can vary from 3% to 20%, depending on the type of bond and the applicant(s). The programs are for commercial surety bonds only.
Current Market: The high risk surety bond market is growing, which is bringing rates down and wiping out collateral requirements. Access to the bonding company with absolute lowest rates is 100% exclusive to our agency. This means that high risk applicants can rest assured that they will receive the lowest rate available from our agency. However, each carrier does have their limitations, which is why we use multiple different carriers to place our high risk clients, ensuring the best program for their specific scenario.
Who Qualifies: Almost all applicants qualify for a bond under the high risk programs. Our wide variety of carrier appointmentships allow us to place nearly any applicant, including, but not limited to applicants failing to qualify for the standard market due to:
- Bankruptcy
- Low Credit Score
- No Credit History
- Tax Liens
- Unpaid Collections
- Civil Judgments
- Late Child Support
- Late Aligmony Payments
- Lack of Experience In Field
- And more!
Get a FREE quote on your Bad Credit Surety Bond online now!
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