Collection Agency Bonds
A collection agency is a business that pursues payments of debts owed by individuals or businesses. Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed. The Federal Trade Commission (FTC) is the primary federal regulator of collection agencies.
There are also many states that require collection agencies to be licensed and/or bonded. Red Fox Bonding provides collection agency bonds in every state they are required. The process for obtaining a collection agency bond from Red Fox is simple. Once you fill out our easy online application, a friendly Surety Bond expert will be in touch with you in just a few hours, not days.
To learn more about collection agency statutes and regulations please visit ACA International, The Association of Credit and Collection Professionals website.