A collection agency is a company that is considered high risk in a number of ways. Because they collect debts, they often have negative reputations among the public. Additionally, the company constantly handles sensitive information like the customer’s personal details and financial details. Because of this, the collection agency is required to be licensed in the state or states in which it operates and as such the required collection agency surety bond is a must. This collection agency bond indicates that the company has been approved by the state to offer ethical and professional services. This bond also gives their client recourse against the collection agency in the case where it may have damaged the client in some way and the collection agency doesn’t correct the problem. If you want to run a collection agency, then you need to get approved for a collection agency bond. The ProSure Group provides you with the guidance you need to get properly bonded. We make the application process simple and fast with friendly and experienced agents standing by.
