The Important Connection Between Your Credit Score And Surety Bond

credit score and surety bond

If you are applying for a business license, you may be required by your state government to obtain a surety bond to guarantee you will operate your business in compliance with state regulations.

If you have good credit and need to obtain a surety bond, you’ll have an easier time. In short, your credit score affects how much you’ll have to pay for your bond.

Here’s what you should know about your credit score and your surety bond rate.

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How Much Does An Auto Dealer Bond Cost?

how much does an auto dealer bond cost?

Auto Dealer Bonds (Motor Vehicle Dealer Bonds, Car Dealer Bonds) are a type of surety bond required for car dealers before they can get their car dealer license.

An auto dealer bond protects customers from fraud or misrepresentation during a business transaction. If a car dealer does not follow rules and regulations, someone can make a claim on your bond.

Not sure if you need to get licensed? Check out this post on selling cars without a license.

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12 Influences Of Surety Bond Cost (And How To Get Around Them)

influences of surety bond cost

One of the most common questions relating to surety bonds is ‘how much does a surety bond cost?‘ Unfortunately, there isn’t a magic number.

Surety bond cost is influenced by many factors. Some factors can be controlled, while others cannot. Here are the top influences of surety bond cost and what you can do about them.

Continue reading more about Surety Bond costs

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How Much Does A Washington Contractors License Cost?

Washington Contractor License Cost

There are four clear-cut expenses that you will incur if you chose to obtain a Washington Contractors License. Some of the expenses (like WA Contractor Bonds) will vary depending on the specific license you pursue. Here is a run-down of the expenses that you can expect to incur as you get your WA Contracting Business up and running…

Short on time? Check out our Contractor’s License FAQ page.

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