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Collection Agency Bonds

Complete Guide to Bonding for Debt Collectors

  • Over 99% of Collection Agencies Approved!
  • 100% Secure Online Application
  • Lowest Rates for Collection Agents
  • Have bad credit? No problem!

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How Do I Get My Bond?

Start Your Application
Fill out the online application form

Receive Your Free Quote
You will be sent your quote in minutes

Buy Your Surety Bond
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What are Collection Agency Bonds?

Collection Agencies are companies that pursue payment on debts owned by both businesses or individuals. State governments require all collections agencies to be bonded. These bonds guarantee proper accounting for funds received, ensuring that money collected by debt collectors will be properly dispersed to clients. Further specifics of what each bond will guarantee may vary depending on individual state’s rules and regulations.

Our agency offers a variety of programs designed to help all types of debt collection agencies get approved at quickly, and at excellent rates, in all 50 states.

Questions about Collection Agency Bonds

How much does a Collection Agency Bond cost?

Annual premium amounts are determined based on owner personal credit. Owners with stellar credit may be eligible for standard market rates, which range from 1% to 3% of the bond amount.

If the owner has a low credit score, or past due items on their credit report, annual premium typically ranges between 5% to 15% of the bond amount. For most states, our high risk rate does not exceed 7.5%.

For more information on bonding costs, visit our page on Bond Prices.

How do I get a Collection Agency Bond?

The first step is to apply for a free quote. Once you’ve been approved, your agent will provide you with the bond premium due, along with an agreement with the surety. Once you’ve paid for your bond, and provided a signed copy of the indemnity agreement, your Collection Agency Bond will be mailed out to you. To learn more about the bonding process, visit our page on How To Get Bonded.

Can I get approved for a Debt Collector Bond if I have bad credit?

Yes. While many sureties only offer quotes to customers with stellar credit, Lance Surety has a variety of collection agency bond programs that allows us to approve over 99% of applicants instantly through our online application. Your annual premium will depend on your individual credit profile, but we’re able to offer very aggressive rates.

How do Collection Agencies become licensed and bonded?

First, you’ll want to contact the specific state department that oversees collection agencies about your desire to conduct business in that state. Some state’s offer checklists online, which can be very helpful.

In addition to submitting an application to be become registered or licensed, most states require a surety bond be posted to guarantee compliance with their collection regulations. Getting bonded with Lance Surety is simple. You can get approved in just minutes by completing our online application. Once your bond has been issued, you’ll submit a signed copy of the original bond to the state to be filed with your license.

Will my Collection Agency Bond work for multiple states?

No. You'll need to post a separate bond for each state that you will be conducting business in. Each state has their own bond requirements, and therefore you'll need to make sure to comply with each state's respective bond regulations.

START YOUR APPLICATION It's FREE. No Obligations. Approval in Minutes.

Find Your Surety Bond

  • 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 $25K
    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
    $25,000 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

Still Have Questions? Check Our FAQ Pages

What Our Clients Have To Say?

Kimberlee Ables
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Andrew Poincot
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
Margie Martinez
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!