Collection Agency Bonds
What is a Collection Agency Bond?
Collection Agency Bonds guarantee state required licenses. The specifics of the guarantee change depending on the state's rules and regulations set fourth on behalf of collection agencies operating in said state.
Current Market: For the most part, collection agencies are viewed as a higher risk bond type in comparison to many other common commercial surety bond types. Rates are typically higher than other license bonds. The commercial surety bond market as a whole has stabalized. This means that collection agency rates should not see signifigant changes for some time to come.
Special Programs: Our agency has special programs to enable high risk bond applicants to qualify for their bond regardless of their credit situation. For clients with strong credit, we offer numerous standard market programs at competitive rates.
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