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The majority of states require a collections agency to get a surety bond as part of their business licensing process. The surety bond ensures that the collection agency abides by all state laws and rules when collecting on accounts in the covered state. If the principal (collections agency) acts against the bond, the state has the legal ability to cancel the bond and revoke the business license.
We can help you get the bond you need. We have a variety of bonds available, so we can find the right one for your business.
Get the peace of mind that comes with knowing your business is fully compliant with all laws or rules and regulations.
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Surety bonds are an important part of ensuring compliance and financial stability. They’re required in all 50 states to guarantee that companies will follow their licensing or permitting requirements across a wide variety of industries, professions, etcetera. The business demonstrates its commitment both financially as well as ethically by providing proof it can uphold these standards. Find a Colorado Patient Trust Fund Bond.
Surety bonds are a great way to provide financial guarantees that contracts and other business deals will be completed according to mutual terms. They protect consumers from fraud, malpractice, or any other breach of their agreement with the company that issues them; when this occurs one party can claim your surety bond for you (the principal) to fulfill damages caused by breaking those promises! Have a Colorado Home Sale Down Payment – Manufactured Housing $50,000 Bond.
Surety bond costs can vary by location and the requirements outline how large a surety’s commitment to pay out in claims, meaning they will charge different premiums based on an individual’s credit scores or financial history.
While it may seem like a bad credit score means the end of your dreams, you don’t have to give up on getting bonded! Axcess-Surety can help even if your circumstances are adverse. We know that many people who fall into these types of debt include medical expenses or bankruptcies among others so we provide options for everyone with our strong commitment to helping all individuals or companies succeed. Read a Colorado Public Adjuster Bond $20,000 Bond.
Obtaining a surety bond is quick and easy with an online application. The company will ask for information about your personal, professional, or financial background but once you receive the quote they can make it effective in as little time frame required! See a El Paso County, CO – Right of Way Permit Bond.