Bryant Surety Bonds

Collection Agency Bond

The collection agency bond is put in place to guarantee the collection agencies license by the state in which they operate. This bond is put in place to make sure that funds are collected in a proper manner, and also rightfully distributed to their clients.

Each state creates its own rules for licensing therefore the exact guarantee varies on a state by state basis, but in general the collection agency bond guarantees that the collection agency will adhere to the rules and regulations of their license with the state.

Though collection agency bonds are often viewed as a higher risk line of business, we have excellent standard market rates, as well as a few specialty programs that allow us to fit many of our higher risk applicants into middle markets rates. In fact, many of our applicants will receive free instant approvals when they apply through our online application.