Credit Report Services

Establishing financial responsibility for your General Contractors License

Did you know that before you can obtain your General Contractor license in the state of Florida, you must provide a personal and commercial credit report to prove financial responsibility and stability?

At Contractor Reporting Services, our Credit Report Services provide the appropriate paperwork to show your financial stability to the state in order to receive your General Contractor license and begin your career. Our staff is highly trained and experienced in making sure that your General Contractors license process is completed efficiently and void of most unforeseen obstacles. Our goal is to help you start your career as a General Contractor in Florida in a timely manner.

According to the Florida state law, there are several components that need to be checked in order to deem you financially responsible before you can obtain your General Contractor license.

Requirements for financial responsibility and stability

There are no unsatisfied liens against the applicant or the company he or she intends to qualify
There are no unsatisfied judgments against the applicant or the company he or she intends to qualify
Applicant has a 660 FICO derived credit score or higher, or submits a licensing bond or irrevocable letter of credit
The licensing bond or letter of credit shall be maintained until the applicant has achieved a FICO credit score of 660 or higher
Our team at Contractor Reporting Services can help you order and organize your financial documents to send in to the state in order to obtain your General Contractor license.

What if your Florida Contractor Credit Report shows a FICO score of less than 660?

The Florida Department of Business and Professional Regulation states that the following requirements must be met if you do not have a credit score of 660 or higher:

If an applicant does not have a 660 credit score at the time of application, the applicant may still establish financial responsibility by completing a CILB approved 14-hour financial responsibility course.