What is a Collection Agent Bond?
A Collection Agent Bond is a type of surety bond that promises you will follow rules and regulations, as well as protect the company if they are required to pay out.
Do you need a bond for your business?
A bond is a type of insurance that guarantees the performance of an agreement or contract. It's also known as suretyship, which means to provide security on behalf of another person. Swiftbonds provides bonds in all 50 states and Washington D.C., so we can help with any project you're working on!
We offer many types of bonds including construction, public work, contractor’s license and permit, liquor license, gaming license, and more! Our customer service team is here to answer any questions you may have about our products or services. Contact us today for more information!
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Why is the Collection Agent Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. Need a GA – Driver Improvement Clinic $10,000 Bond.
How does a Collection Agent Bond work?
Getting a Collection Agent Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied. See a GA – Cobb County – Contractor Code Compliance $10,000 Bond.
How much does a Collection Agent Bond cost?
Collection Agent Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.
Can I get a Collection Agent Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. Here's a GA – Columbia County – Commercial Builder $20,000 Bond.
How to get your Collection Agent Bond?
Would you like to know the first step in getting your Collection Agent Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. Read a GA – Dealer in Agricultural Products Bond.