Credit Services Organization Surety Bonds

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How Do I Get Bonded?

What is a Credit Service Organization?

A credit service organization is a business that charges a fee to assist a buyer to obtain an extension of credit or to improve or preserve a buyer’s credit rating. These organizations can also prevent or delay the foreclosure of a mortgage or other security agreement.

Credit Services Organization Bonds Explained

Credit service organizations are required to post a surety bond for most states as part of their licensing requirements. For example, credit service organizations in Virginia have to post a bond between $5,000 and $50,000, while in Louisiana, California, Illinois and other states you have to provide a $100,000 surety bond to meet state criteria.

The bond protects buyers of various credit services from fraudulent practices that could cause them financial harm. In other words, this form of surety bond guarantees that credit service organizations comply with all applicable state regulations.

These bonds are also commonly referred to as CSO Bonds, Credit Repair Services, Credit Counseling Organization and Debt Management Service Provider Bonds.

State-Level Bonding Requirements

Questions about Credit Services Organization Bonds

How much does a credit service organization bond cost?

As is the case with most license bonds, the cost will depend primarily on the owner’s personal credit and the financial strength of the business. Applicants with strong credit typically will pay between 1 to 3% of the bond amount in the form of annual premium.

Those with damaged credit may have to pay higher rates, in the range of 4 to 15%.

For more in depth information on bond prices, visit our page on Surety Bond Costs.

Will my bond provide coverage in multiple states?

Each state has its own credit service organization license and bond requirements. Therefore, to be licensed to do business in a given state, you’ll need to have an individual bond for that specific state.

Do I need a separate bond for each location?

This varies by state, so you’ll need to check with your respective obligee to ensure proper compliance. In many states, however, a separate surety bond must be established for each location operated by the credit repair business.

What are examples of fraudulent practices?

Most actions that will lead to a violation are related to misrepresentation, unethical actions, or failure to follow state laws. An example would be if the credit service organization makes, or advises a client to make, a false or misleading statement relating to their creditworthiness to a consumer reporting agency or to a company that has extended them credit.

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Find Your Surety Bond

We offer all types of surety bonds in all 50 states. If you can't find your bond in the table below, select "General business license or permit bond (not listed otherwise)" and start your application.
Arizona Credit Repair Services Bond Arizona State Government Management Services Div. Apply Now
California Credit Services Organization Attorney General's Office Apply Now
Colorado Debt Management Collection Agency Board Apply Now
Connecticut Debt Negotiator Banking Commissioner of the State of Connecticut Apply Now
Connecticut Debt Negotiator Bond Connecticut Department of Banking Apply Now
Connecticut Debt Negotiator Bond Banking Commissioner of the State of Connecticut Apply Now
Delaware Debt Management State of Delaware Apply Now
Federal Government Nonprofit Budget and Credit Counseling Agency Bond Executive Office for United States Trustees Apply Now
Florida Credit Service Organization Bond Division of Statutory Revision Apply Now
Illinois Credit Services Organization Secretary of State - Index Department Apply Now
Indiana Foreclosure Consultant/Credit Services Organizatio IN Consumer Protection Division Apply Now
Indiana Credit Services Organization State of Indiana Office of Attorney General Apply Now
Iowa Credit Services Organization Secretary of State Apply Now
Kansas Surety Bond Credit Services Organization Office of the State Bank Commissioner Apply Now
Kentucky Debt Adjuster Office of the AG - Consumer Protection Division Apply Now
Louisiana Credit Repair Services Louisiana Attorney General Apply Now
Maine Debt Management Bureau of Consumer Credit Protection Apply Now
Maryland Licensee Surety Bond Credit Service Business Commissioner of Financial Regulation Apply Now
Maryland Debt Settlement Services Registration Commissioner of Financial Regulation Apply Now
Minnesota Credit Service Organization Dept of Commerce - Div of Financial Institutions Apply Now
Nevada Credit Service Organizations Surety Bond Division of Mortgage Lending Apply Now
New Hampshire Debt Adjuster's State of New Hampshire Apply Now
New Jersey Debt Adjustment NJDOBI: License Services, Banking Apply Now
North Carolina Credit Repair License Attorney General Apply Now
Ohio Credit Service Organization Bond Ohio Dept of Commerce Div of Fin Inst Apply Now
Oklahoma Credit Services Organization License OK Dept of Consumer Credit Apply Now
Oregon Debt Management Service Provider Oregon Department of Consumer and Business Sevices Apply Now
South Carolina Credit Counseling Organization Special Deposit Bon Dept of Consumer Affairs Apply Now
Texas Credit Services Organization Secretary of State Apply Now
Texas Consumer Debt Management Services The Office of Consumer Credit Apply Now
Utah Credit Services Organization Department of Commerce Apply Now
Virginia Credit Service Business Dept of Agriculture & Consumer Services Apply Now
West Virginia Credit Services Organization Bond Secretary of State Apply Now
Wisconsin Debt Management Dept of Financial Institutions Apply Now
Wisconsin Credit Services Organization Dept. of Financial Institutions Apply Now

About Us

Lance Surety Bonds
Lance Surety Bond Associates, Inc. is a Pennsylvania-based surety bond agency that offers bonding at competitive rates in all 50 states. Established in 2010, our company has grown to become one of the top online bond producers in the country. Working exclusively with A-rated and T-listed bonding companies gives us the confidence to offer a 100% money-back guarantee. read more

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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!

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