What is a Collection Agency Surety Bond?
A Collection Agency Surety Bond ensures that monies collected by the bonded collection agency are handled appropriately according to the rules and regulations governing collection agencies within the state requesting it.
What is the current market for a Collection Agency Surety Bond?
Collection Agency Surety Bonds are widely written by multiple surety bond markets. The bond amount for the Collection Agency Surety Bond varies dependent on the state requesting the bond. Terms of approval and premium are largely determined by the financial condition of the collection agency’s corporate and/or personal net worth and experience.
How do I apply for a Collection Agency Surety Bond?
- Start by filling out our Online Surety Bond Application by clicking here.
Please note that additional underwriting information may be needed depending on bond request, information submitted, and to obtain the lowest possible rate.