Collection Agency Bond

Fast Approvals - Low Rates - All 50 states!
  • Sometimes called a Third Party Debt Collector Bond
  • State requirement as part of collection agency licensing process
  • Guarantees that agencies will follow rules and regulations of their license
  • A separate bond is needed for every state that the agency operates in
How to get bonded
  • Apply Online
    Fill out our online application form.
  • Get Approved Instantly
    You will be sent your quote in minutes.
  • Pay and ship your bond
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Collection Agency Bond Overview

The collection agency bond is a surety bond that guarantees a collection agency’s compliance with regulations pertaining to their license in the state in which they operate. The bond’s function is to make sure that funds collected by an agency are collected in a proper manner and rightfully distributed to their clients. It protects the state and the public from collection agencies that misuse collected funds or make use of threats in order to collect debts.

Since each state creates its own rules for licensing, the exact guarantee that the bond extends varies from state to state. 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 agencies are viewed by some as a higher risk line of business, Bryant Surety Bonds can offer excellent standard market rates. We also have 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. Apply now and let’s get started!

Find the Bond You Need

The table below contains a list of only the most popular surety bonds. If you can't find yours, fill out our online application and select "Not in the list".

  • Alaska
    Collection Agency
    Alaska Dept. of Commerce
  • Arizona
    Collection Agency
    Dept of Financial Institutions
  • Arizona
    Collection Agency Bond
  • Arkansas
    Collection Agency
    State Board of Collection Agencies
  • Colorado
    Collection Agency
    Collection Agency Board
  • Connecticut
    Collection Agency K
    Commissioner of Banking
  • Florida
    Collection Agency
    Office of Financial Regulation
  • Hawaii
    Collection Agency Bond
    State of Hawaii
  • Idaho
    Collection Agency
    Dept of Finance
  • Illinois
    Collection Agency
    Dept of Professional Regulation
  • Indiana
    Collection Agency
    State Board of Accounts
  • Local Government
    City of Buffalo Collection Agency Bond
    City of Buffalo, Dept of Economic Development
  • Local Government
    DCA Licensing Center Debt Collection Agency
    NYC - DCA Licensing Center
  • Maine
    Debt Collector/Repossession (Continuous)
    Office of Consumer Credit Regulation
  • Maryland
    Collection Agency
    Commissioner of Financial Regulation
  • Massachusetts
    ,000 Collection Agency
    Massachusetts Division of Banks
  • Michigan
    Collection Agency
    Bureau of Commercial Services, Licensing Division
  • Michigan
    Non-Depository Sales Finance Company and/or Out-O
    Department of Insurance and Financial Services
  • Michigan
    Depository Financial Institution - Sales Finance C
    Department of Insurance and Financial Services
  • Minnesota
    Collection Agency (Corp/LLC)
    Commissioner,Dept of Commerce
  • Minnesota
    Collection Agency (Partnership)
    Commissioner,Dept of Commerce
  • Minnesota
    Collection Agency (Sole Prop.)
    Commissioner,Dept of Commerce
  • Nebraska
    Collection Agency License Bond
    NE Collection Agency Licensing Board
  • Nevada
    COLLECTION AGENCY
    State of Nevada Business & Industry Dept
  • Nevada
    Collection Agency Bond
    Department of Business and Industry
  • New Jersey
    Collection Agency
    Deputy Attorney General
  • New Mexico
    Collection Agency Corporate Bond
    Finance Institutions Division
  • New York
    Collection Agency Bond(City of Buffalo, NY)
    Office of Licenses
  • New York
    Collection Agency Bond (New York City)
    NYC Department of Consumer Affairs
  • North Carolina
    2013-2014 New Domestic Collection Agency Bond
    Dept of Insurance
  • North Dakota
    Collection Agency
    Dept of Financial Institutions, Consumer Division
  • Oregon
    Collection Agency
    Dept of Consumer & Buisness Services
  • Other
    (Gryphon Corp.) Client Contract Bond
    Gryphon Corp.
  • Pennsylvania
    Credit Services Organization Bond
    department of state
  • Rhode Island
    Collection Agency
    State of Rhode Island
  • State of Hawaii
    Collection Agency
    Director, DCCA, PVL, Licensing Branch
  • Tennessee
    Collection Service License Bond
    Tennessee Department of commerce and Insurance
  • Tennessee
    Collection Agency Bond
    Tennessee Department of Commerce and Insurance
  • Tennessee
    Collection Service License
    Tennessee Department of Commerce
  • Tennessee
    Credit Services Organization Bond
    Director of Tennessee Division of Consumer Affairs
  • Texas
    Third Party Debt Collector
    Secretary of State, Statutory Documents Section
  • Texas
    Private Child Support Enforcement Agencies Bond
    Texas Department of Banking
  • Utah
    Collection Agency
    Dept of Commerce
  • Washington
    Collection Agency
    Business and Professions Division, Collection Agen
  • West Virginia
    Collection Agency
    Tax Dept, Internal Auditing Division
  • Wisconsin
    Collection Agency
    Dept of Financial Institutions
  • Wyoming
    Collection Agency
    Collections Agency Board

Collection Agency Bond Cost

A collection agency bond’s cost is a fraction of the total bond amount. Every surety bond has a bonding amount, and for collection agency bonds these amounts are usually set at the state level. What percentage or rate you will be offered by a surety depends on a number of financial factors, with personal credit score being the most important.

This percentage, at standard market rates, is usually between 1%-4% of the total bond amount for applicants who have a high credit score. How much exactly you will have to pay will therefore depend on the particular bond you need to get. You may pay as little as $150, the minimum possible bond cost, in order to obtain a $10,000 collection agency bond.

Your bond’s cost is also determined by your choice of surety. Different companies will offer you different rates. Bryant Surety Bonds’ exclusive advantage is the fact that we work only with A-rated and T-listed surety bond companies - the best companies in the country. These give us access to exclusive rates, which are often unmatched by anyone else. What’s more, these companies are the most secure backers of a surety bond you could want!

Want to know more about surety bond cost? Find out more about what determines your bond’s cost and how you can lower it over time through our expert surety bond cost guide!

Bad Credit Collection Agency Bond Program

Those who have trouble with their credit score or have no credit at all, may find it hard to get bonded. Our Bad Credit Surety Bond Program makes it possible for applicants with less-than-perfect credit to get a collection agency bond at good rates.

Your personal credit profile as well as the amount of your bond will determine the exact rate that you will be offered. Rates under our bad credit program are usually higher, due to a higher risk involved in bonding applicants with poor credit. However, you can still expect to get the best possible and lowest rate that applies to your unique situation. Apply now and get a free quote!

How to Get Your Collection Agency Bond

To get your collection agency bond you simply need to apply online. Once your application is processed we will get back to you with a free ‘no obligations’ quote on your bond. Most applicants are processed very quickly, and many are approved almost instantly.

If you have difficulties with your application or need advice and guidance, call us at (866) 450-3412! Our surety bond professionals are available to speak to you at all times and can respond to any questions you may have about collection agency bonds. Call us, we’ll be happy to help!

Click on your state in the map below for more information about bonding requirements in your state.