Michigan Collection Agency Surety Bond
We write Collection Agency Bonds in Michigan.
Bond amount varies. Our GOOD CREDIT rate is 1%.
Michigan Collection Agency Bonds are required by the Michigan Department of Energy, Labor & Economic Growth Bureau of Community Services. The required bond amount is set by the Obligee. The minimun bond amount for a collection agency is $5,000, and typically needed for the 1st year in business. The
Most applicants with good credit will qualify for rate indicated. In order to receive your specific quote, we must review your qualifications to determine the lowest possible price. If you have already been declined or nonrenewed by another Surety Company, chances are you will not qualify for this preferred rate.
We have various sureties willing to write bonds for applicants with less than perfect credit, including a special program with very competitive prices for those with just a few credit blemishes.
We find the best possible price for your surety bond given your particular qualifications.
Additional information about this corporate surety bond requirement is as follows:
Obligee - Department of Energy, Labor & Economic Growth Bureau of Community Services
Bond Amount - $5,000 - $50,000
Bond Premium - $100 - varies, respectively
Renewal Document - None.