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Most surety companies are very
basic in their underwriting approach.
You either meet their credit standards, or you are not approved.
There are no options.
The answers for those needing a bond with poor or no credit
is
South
Coast
Surety
In our Bad Credit Surety Bond Program,
we have a number of surety companies that will approve commercial and miscellaneous surety bonds
for individuals and companies with less than standard credit.
This Program is not for Contract Bonds.
Almost any commercial and miscellaneous bond may be written in our Bad Credit
Surety Bond
Program,
The only requirement is that there are no prior surety losses nor child support issues..
This includes Mortgage Broker Bonds, Finance Lender Bonds, Motor Vehicle
Dealer Bonds**, Contractor's License Bonds,
Court Bonds, Permit Bonds, General License Bonds and most other surety
bonds.
Many start up businesses also have difficulty getting bonded.
Not because of bad credit, but because they lack a credit history.
Start up companies can also qualify under our Bad Credit Surety Bond Program.
This program usually requires a small percentage of cash collateral.
Apply for
our bad credit surety bond:
Download the following form(s) with
acrobat reader:
Bad Credit Bond Program Application
Motor
Vehicle Dealer Bad Credit Surety Bond Application
Personal
Financial Statement
Credit
Release Form
Print the form, complete all required
fields and sign the credit release.
Fax the forms (including a blank surety bond
form) to (949) 361-9926.
**Motor Vehicle Dealer Bonds in FLORIDA have a higher
collateral / premium requirement due to bond underwriting.
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