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Payday Loan Bonds
Payday loan bonds are required to be filed with some state licenses. The bond guarantees that the payday loan company will abide by the rules set forth by the state in which they choose to operate.
Current Market
Payday loan bonds can be difficult to place for some agencies, as many carriers have higher rates due to the tactics used by some within the payday loan industry. However, some bonding companies realize that it is a minority giving a bad rap to the majority and will offer very competitive rates to those who qualify. It is imperitive to find an agent that knows the proper carriers to submit your application to, otherwise you could end up paying considerably more, or even worse be declined.
Special Programs
We offer a bad credit surety bond program for companies that can not be approved under the standard surety markets. The program is not only for applicants with bad credit, but any "high risk" account that does not qualify otherwise. We also represent some of the most competitive bonding companies in the US for payday loan bonds.
