Collection Agency Bond

Required in most states for debt collectors and collection agencies. Guarantees ethical collection practices.

Typical Annual Cost
$200 - $2,000/yr
Bond Amount Range
$5,000 - $100,000
Premium Rate Range
1% - 10%
Credit Sensitivity
Medium

Cost Breakdown

Your annual premium for a collection agency bond depends on three factors: the required bond amount, your credit score, and the specific state requirements.

Credit Range
Typical Rate
$25K Bond
$100K Bond
Excellent (720+)
1-3%
$250 - $750
$1,000 - $3,000
Good (680-719)
2-5%
$500 - $1,250
$2,000 - $5,000
Fair (600-679)
5-8%
$1,250 - $2,000
$5,000 - $8,000
Below 600
8-15%
$2,000 - $3,750
$8,000 - $15,000

Rates shown are industry averages. Your actual premium may vary based on financial history, business experience, and state-specific requirements.

Common Uses

This bond type is commonly required for: Third-party collectors, debt buyers, repossession agencies.

How to Get This Bond

The typical process takes 1-5 business days for standard bonds and 1-4 weeks for complex or high-amount bonds. Here's what to expect:

  1. Application: Provide basic business information and authorize a credit check (soft pull — does not affect your score).
  2. Underwriting: The surety reviews your credit, financials, and business history to determine your premium rate.
  3. Quote: You receive your exact annual premium. No obligation to proceed.
  4. Issuance: Once you accept and pay, the bond is issued and filed with the obligee.

Need This Bond?

Use our bond cost calculator for an instant estimate, or request a free exact quote from a bond specialist. All bond procurement is handled by Cornerstone Licensing, which has processed 525,000+ filings over 28 years.

Estimate Your Collection Agency Bond Cost

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