A collection agency bond, also known as a debt collector bond, is a surety bond that promises a collection agency follows the rules and regulations of their industry, including proper accounting for funds received and ensuring money collected is properly distributed.
Colonial is the easy choice.
Colonial Surety Company is a leading provider of collection agency bonds. We’re licensed in all 50 states and U.S. territories and make it easy to obtain your I-Bond® instantly.
This bond is required by any person, acting as an independent contractor and not as a regular employee of an installment seller or sales finance company, who collects payments or installment sale contracts or repossesses motor vehicles, which are the subject of installment sale contracts. Most often, they are called collectors and repossessors.
The amount varies by location. Get an online quote for the amount your business needs.
A collection agency bond is reasonably priced and easy to obtain. You may notice with other agents and middlemen, the premium rate will fluctuate and include additional hidden fees and costs. Colonial Surety Company offers our lowest possible rate. The premium is based on the amount of the bond.
Colonial Surety Company offers the direct and digital way to get bonds—which means no agent, no broker, and no middleman. We make it easy to obtain a bond instantly. The steps are simple—get a quote online, fill out your information, and enter your payment method. Print your bond from your home or office. It’s that simple!
Yes, it is important to purchase your bond from a quality and financially secure company. Incorporated since 1930, Colonial Surety Company is an A (Excellent) rated insurance company by A.M. Best. We are Treasury listed, licensed, and admitted in all U.S. states and territories.