Why Do Collection Agencies Need to Get Bonded?
You are required to obtain a bond for your collection agency to protect the public. If you do not follow state laws, a claim can be filed on your bond. For example, if you use harassment such as inappropriate threats to collect debts, a claim can be made.
If you're unsure whether you need a bond, you can select your state from the list below to view the bond requirements.
If you need help with obtaining your license or determining the bond requirements, you can check out our collection agency license guide.
Select Your State
to Find a Surety Bond
How Much Do Collection Agency Bonds Cost?
Costs are a small percentage of the required bond amount (usually 1-15%).