Have you ever had a “Slow No?” You give your bond request to the bonding agent and he says he’s “working on it,” and so you think you are OK. Several days go by, and you call again, and he’s still “working on it”. A few more distressing days go by and you start to call regularly leaving voicemails, but not hearing anything back. You worry. You get a little panicky. The day you absolutely have to have the bond, you get a sorry phone call from your sorry agent saying he’s done all he can, but “No.”
Of course, everyone prefers a fast “Yes”. But, had you received a fast “No,” you could have had time to react. You could have tried other options. A “Slow No” wastes your time. Very often, the Agent is at the mercy of the Surety Company. If the Surety Company is handing out “Slow No’s,” there is little we can do but try to warn you what might happen. It’s sometimes difficult to predict in this battered surety marketplace. Also, please remember that Slow No’s can be self-inflicted by you. If you aren’t providing the requested information in a timely basis, then the surety has more difficulty in making a quick decision. In any event, we hate “Slow No’s,” and we strive to avoid them. You want to be relaxed about your bonding. You need intelligent advice given with integrity – and you need it fast.