SURETY SOLUTIONS BLOG

Can A Surety Bond Be Refunded?

By Crystal Ignatowski on Apr 20, 2018 8:11:25 AM in

Surety Bonds 101

  There are situations where you might have secured a surety bond, only to find out you no longer need it or you would like your money back. Is this possible? Can you get a refund for a surety bond you’ve already purchased? The short answer is: it depends. Please note that this post is a generic ...

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How Do You Cash A Surety Bond?

By Crystal Ignatowski on Feb 16, 2018 7:46:06 AM in

Surety Bonds 101

    A surety bond cannot be cashed. A common misconception is that surety bonds function similarly to an investment-type bond or savings bonds. These products are very different. This blog post was originally inspired by an Arvo post and a Quora post.   ...

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How To Get A Surety Bond With Bad Credit

By Rick Marsland on Oct 16, 2017 1:16:00 PM in

Surety Bonds 101

  Credit scores are roughly classified as follows: 750+ - excellent 700-749 - above average 675-699 - good 650-674 - fair 550-649 - subprime 549 or lower - poor If you have bad credit, don't worry. This doesn't mean you can't get a surety bond. Follow these steps below to get a bad credit surety ...

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Surety Bond Underwriting – What It Is & How It Affects Your Bondability

By Crystal Ignatowski on Sep 29, 2017 10:35:45 AM in

Surety Bonds 101

This post originally appeared on Quora. View the post.   When you apply for a surety bond, you might be approved instantly. But, some bonds require a underwriter to review your information. This is known as surety bond underwriting. Find out what surety bond underwriting is, how it affects your ...

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What Do All These Cryptic Surety Bond Terms Mean?

By Duke Revard on Sep 5, 2017 8:53:00 AM in

Surety Bonds 101

Surety bond terms are mysterious, even cryptic. If you are a business owner or insurance agent who is new to surety bond insurance you have some language to get used to. While this list is by no means comprehensive, this will get you started in deciphering the 10 of the most Cryptic surety bond ...

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What Does Licensed And Bonded Mean?

By Duke Revard on Jun 16, 2017 1:07:00 PM in

Surety Bonds 101

Have you ever seen a van drive by with the tagline “licensed and bonded?” Have you ever wondered what that meant? Licensed is clear enough, but “bonded?” The truth is, most of the general public has no idea what it means for a business to be “bonded.”  One of the most popular businesses that might ...

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4 Reasons You Might Need A Surety Bond

By Crystal Ignatowski on May 9, 2017 11:20:00 AM in

Surety Bonds 101

  Most people never hear the term ‘surety bond’ until they are told they need one. Bonds, in a business context, are a guarantee for your customers that you will follow through with your obligations. You can learn more about how surety bonds work. A good rule of thumb is that if you are told you ...

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Can I Get A Surety Bond If I Have No Credit?

By Crystal Ignatowski on May 8, 2017 10:48:00 AM in

Surety Bonds 101

  Having no credit means you do not have any credit history with one of the three nationwide credit reporting companies. Often, this means you haven’t taken any steps to establish your credit, such as opening a credit card account or taking out a bank loan. Those with no credit are often called ...

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What Are The Best Surety Bond Companies?

By Duke Revard on May 2, 2017 1:43:00 PM in

Surety Bonds 101

When you're looking for a surety bond, you want to work with a reputable surety bond company to make sure that you get the service and assurance that you require.     What makes the best surety bond companies stand out? They're easy to access They have great rates They connect with diverse carriers ...

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What Is A Corporate Surety Bond?

By Duke Revard on Apr 25, 2017 11:14:00 AM in

Surety Bonds 101

If your clients need reassurance that your business will follow through on its commitments, you might need a surety bond. A surety bond is an agreement that promises you will follow through with your commitments. If you fail to follow through on your commitments, the surety bond is there to protect ...

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