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M. A. BAGBY INSURANCE BROKERAGE California License #0450126 |
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SURETY BONDS FINANCING NOW AVAILABLE FOR OUR NON STANDARD SURETY BOND PROGRAM. WE SPECIALIZE IN BAD CREDIT SURETY LICENSE BONDS USED CAR DEALER BONDS USED AUTO DEALER BONDS WHOLESALE DEALER BONDS CONTRACTORS LICENSE BOND (888) 950-8883 Fax (562) 381-7008 Instantbond@msn.com DOWN LOAD APPLICATION AND FAX IT BACK TO US In today’s economy many people are finding themselves in tough financial situations and consequentially seeing their credit scores plummet. Some have fallen on hard times because of gas prices, foreclosure, high credit card balances, medical bills, divorce, or just plain poor decision making. Regardless of the reason, credit affects one’s ability to qualify for a surety bond. Here at M. A. Bagby Insurance Brokerage recognize the need and have made a special effort to fill it. We write Surety Bonds but specialize in writing Bonds for those who have had a bad year and now experiencing the problem of securing a Bad Credit Surety Bond. The Surety Bond industry has been through tremendous changes since the turn of the millennium. The “soft market” came to an end and bond agents throughout the country had a lot of work ahead of them. Agents were forced to find new markets for accounts that were dropped by their bonding companies. Unfortunately, this was easier said than done for many commercial bond accounts with credit issues. A principal with bad credit could not be bonded without extensive collateral requirements. Eventually, the supply and demand of our capitalist economy brought about Bad Credit Surety Bond Programs. Standard Bond Programs vs. High Risk Bond Programs: Collateral Requirements: Alternatives: The Future of Bad Credit Bond Programs: The end of the “soft market” left many looking to obtain surety bonding high and dry. Capitol Indemnity picked up many of the commercial bond accounts that would of had to otherwise post a letter of credit. High risk programs are more expensive, as losses are built into the premium. The high premium costs of high risk programs may drop in years to come as more bonding companies write this market segment. Often, there are alternatives to posting a surety bond, which many agents neglect to mention. High risk markets will remain available for as long as the bonding companies loss ratio is low enough for them to turn a profit. Who Qualifies: Almost all applicants qualify for a Bad Credit Surety Bond under the high risk programs. Our wide variety of carrier appointment 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 Alimony Payments * Lack of Experience In Field And more!
We Specialize in the following types of bonds: Administrator Bonds / Auctioneer surety Bonds / Bid and Performance Surety Bonds, Business Service Surety Bonds, California Auctioneer Surety Bond, California Contractor License Surety Bonds, Car Wash Surety Bonds, Care Facility Surety Bonds, Conservator ship Bonds, Contractor Disciplinary Surety Bonds, Court Bonds, Crime Shield Surety Bonds, Disciplinary Surety Bonds, Employee Dishonesty Surety Bonds, ERISA Surety Bonds, Executor Surety Bonds, Farm Labor Contractor Bonds, Guardianship Surety Bonds, Highway use Fuel Tax Surety Bond, California Insurance Broker Surety Bonds, Janitorial Services Surety Bonds, Legal Document Assistant Surety Bonds, Lost Note/Trust Deed Surety Bonds, California Motor Vehicle Defective Title Surety Bonds, California Notary Surety Bonds, Paralegal/Legal Document Assistant/Pawn Broker Surety Bonds/Pest Control Registration /Probate Surety Bonds/California Process Server Surety Bonds/Professional Photocopier Surety Bond /Public Official Surety Bond/Sabbatical Leave Bond/Sales Tax Surety Bonds/Tax prepare Bonds/Traffic School Surety Bonds/Utility Deposit Surety Bonds. COURT BONDS USED CAR DEALER BOND
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