subject: Bad Credit Surety Bonds From Probond Insurance Corp [print this page] Probond Insurance Corp is the Surety Bond Providers. They specialize in providing surety bonds to businesses and individuals throughout the United States. They ensure business practices and procedures that are well established and have been developed to provide the best surety services possible to the client. They are an established full service agency providing multiple lines of surety and fidelity services for both standard and problem credit applicants and their focus is maintaining the highest level of customer service to ensure the quickest possible turn-around time. Some of the Surety Bonds they offer are MVD Bond / Auto Dealer Bond, Seller of Travel Bonds, Mortgage Broker Surety Bond, Contractor License Bond, School Bonds, Sales Tax Bonds, Telemarketing Bond, Utility Bonds, Bruised Credit or Bad Credit Surety Bonds.
A Surety Bond is a written agreement that usually provides for financial compensation in case the principal fails in their duties or promises. A Surety bond is a specialized type of insurance that is created whenever one party guarantees an obligation by another party. There are always three parties to this Suretyship agreement. The principal (client / you) undertakes the obligation, The Surety guarantees the obligation will be met. The Obligee receives the Surety Bond and in most cases receives monetary compensation from the Surety Bond if the obligations are not met. Surety bonds are not insurance. Surety bonds are an extension of credit. The premium charged covers the cost of providing a service. That service is the credit guarantee an individual or business requires to conduct their individual or business affairs. In surety bonds, the risk is transferred to the insurance company. A Suretyship guarantee remains with the principal and the protection from the bond is for the Obligee. The Surety uses its company financial backing guarantee.
Probond Insurance Corp offers Bad Credit Surety Bond Program. Their Poor/ Bad Credit Surety Bonds Program can help you get the bond you need even if your credit is less than perfect. If you have been turned down for a bond or do not qualify under the standard market because of poor, mediocre or no credit they have the program for you. Almost all License and Permit/Miscellaneous Bonds can be written through their Poor Credit Program. Even if you have no credit or a Bankruptcy or Public records, their customer service department will help you receive the bond you need to make your business a success.
by: Jack Authors
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