There are many people who feel the bite of the current down economy, but perhaps no one feels it more painfully than the contractor who was once able to work without fear or worry that he would not know where the next job was coming from. Now that you have bad credit, you are now put in a category of “high risk” for surety bond companies. This not a good thing, not good at all. “Risk” and “Surety bond” don’t go together. So if you are put in a “high risk” place, you are in a bad place. If you are in that place, you already know all about the rejection I am talking about. You can easily feel all alone and isolated or abandoned when you are going through the rough task of trying to find a surety bond.
Good news! There are companies who are making a point to offer surety bonds to people who are normally considered “high risk” surety bond seekers. Since they are doing this, it means that you have the ability to get the bids you need to put food on the table and secure the future of your family. This means that surety bonds are once again available to you, even though you are still considered “high risk” surety bond seekers. If I were a contractor considered high risk, I would jump on this time to get a surety bond.