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What is a MI – Debt Management License Bond?

Debt management companies are required to purchase surety bonds before they can apply for a license. The bond ensures that the public will receive compensation for financial harm if the debt manager fails to comply with licensing laws set forth in Michigan's Debt Management Act. Without this type of insurance, it would be difficult or impossible to protect the public from unscrupulous businesses who might take advantage of their customers' personal information and funds. 

Do you need a Debt Management License Bond?

If you're looking for Michigan Debt Management License Bond, Swiftbonds is the company to call. We offer competitive rates and have been in business for years. Give us a call today!

Our goal is to provide excellent service with low rates and fast turnaround times. We also work hard to make sure our customers are satisfied with their experience every time they do business with us. It's not just about getting the job done – it's about doing it right!

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Why is the MI – Debt Management License 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. Have a MI – Driver Education Provider – Truck Driver Education ($50,000) Bond.

How does a MI – Debt Management License Bond work?

Getting a MI – Debt Management License 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 MI – Driver Education Provider – Teen and Adult – 1000 + students ($40,000) Bond.

How much does a MI – Debt Management License Bond cost?

MI – Debt Management License 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 MI – Debt Management License 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 MI – Driver Education Provider – Teen and Adult – 999 or fewer students ($20,000) Bond.

How to get your MI – Debt Management License Bond?

Would you like to know the first step in getting your MI – Debt Management License 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 MI – Deferred Presentment Service Provider Bond.

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