Why your friendly broker may be a financial illiterate (or worse!)

The bar to entry is very low. This is from an advertising email I received telling brokers to be sure to get the new 75k bond required by the FMCSA beginning October 1st:

FMCSA APPROVED FOR ALL STATES



· Easy Questionnaire over the phone takes 5 minutes. Quick turnaround!

· Rates offered are the lowest in the country!

· No Collateral at all for all credit types.

· New Entrants Welcome too as well as established Freight Brokers.

· No Business Financial Statements required.

· No Personal Financial Statements required.

· No Net Worth Requirements!

· No Spousal Indemnity.

· No Industrial experience required.

· Can do Credit Scores in the Low 500's.

· We can write for non-US citizens.