{"id":333,"date":"2019-06-17T09:31:54","date_gmt":"2019-06-17T09:31:54","guid":{"rendered":"https:\/\/www.suretegrity.com\/blog\/?p=333"},"modified":"2019-06-18T09:35:34","modified_gmt":"2019-06-18T09:35:34","slug":"collection-agency-bonds-3","status":"publish","type":"post","link":"https:\/\/www.suretegrity.com\/blog\/collection-agency-bonds-3\/","title":{"rendered":"Collection Agency Bonds"},"content":{"rendered":"<p style=\"text-align: justify;\">If you run a collection agency, securing a collection agency bond is a requirement by the government for a collection agency license. Before you get your bond, however, here are some facts that you should know about:<\/p>\n<p style=\"text-align: justify;\"><strong>The bond is meant to ensure ethical practices<\/strong><\/p>\n<p style=\"text-align: justify;\">Collection agencies deal with a lot of sensitive and confidential information, such as individuals\u2019 financial histories. Therefore, it is important to make sure these collection agencies use this information ethically and responsibly. If an agency was found misusing an individual\u2019s information, they can be financially penalized.<\/p>\n<p style=\"text-align: justify;\"><strong>Anyone can file a complaint against the bond<\/strong><\/p>\n<p style=\"text-align: justify;\">If someone of the general public feels that an agency has acted in an unethical manner, he or she can file a complaint, which is usually a claim against the bond. Claims can be made against discrimination, fraud, theft, or overcharging customers.<\/p>\n<p style=\"text-align: justify;\"><strong>The surety will charge the collection agency for the claim amount<\/strong><\/p>\n<p style=\"text-align: justify;\">The collection agency will be expected to take care of any claims that may come. If they do not, the surety will step in. If the complaint is found invalid, no action will be taken. If the complaint is valid, the surety company will pay the amount as determined by the bond and the collection agency will have to pay the surety company back.<\/p>\n<p style=\"text-align: justify;\"><strong>You do not have to pay the full bond amount<\/strong><\/p>\n<p style=\"text-align: justify;\">You are not expected to pay the full amount when buying a bond. The actual price of the bond will depend on your credit score. The price of a <a href=\"https:\/\/www.suretegrity.com\/bond-type\/Collection-Agency\"><strong>collection agency bond<\/strong><\/a> is usually 1-15% of the bond amount, depending on the credit score.<\/p>\n<p style=\"text-align: justify;\">\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you run a collection agency, securing a collection agency bond is a requirement by the government for a collection agency license. Before you get your bond, however, here are some facts that you should know about: The bond is meant to ensure ethical practices Collection agencies deal with a lot of sensitive and confidential [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[12],"class_list":["post-333","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-collection-agency-bond"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Collection Agency Bonds - Suretegrity<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.suretegrity.com\/blog\/collection-agency-bonds-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Collection Agency Bonds - Suretegrity\" \/>\n<meta property=\"og:description\" content=\"If you run a collection agency, securing a collection agency bond is a requirement by the government for a collection agency license. Before you get your bond, however, here are some facts that you should know about: The bond is meant to ensure ethical practices Collection agencies deal with a lot of sensitive and confidential [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.suretegrity.com\/blog\/collection-agency-bonds-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Suretegrity\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-17T09:31:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-06-18T09:35:34+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.suretegrity.com\/blog\/collection-agency-bonds-3\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.suretegrity.com\/blog\/collection-agency-bonds-3\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/www.suretegrity.com\/blog\/#\/schema\/person\/b1928a26a26c1c35cb64d5a716387b04\"},\"headline\":\"Collection Agency Bonds\",\"datePublished\":\"2019-06-17T09:31:54+00:00\",\"dateModified\":\"2019-06-18T09:35:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.suretegrity.com\/blog\/collection-agency-bonds-3\/\"},\"wordCount\":275,\"commentCount\":0,\"keywords\":[\"Collection Agency Bond\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.suretegrity.com\/blog\/collection-agency-bonds-3\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.suretegrity.com\/blog\/collection-agency-bonds-3\/\",\"url\":\"https:\/\/www.suretegrity.com\/blog\/collection-agency-bonds-3\/\",\"name\":\"Collection Agency Bonds - Suretegrity\",\"isPartOf\":{\"@id\":\"https:\/\/www.suretegrity.com\/blog\/#website\"},\"datePublished\":\"2019-06-17T09:31:54+00:00\",\"dateModified\":\"2019-06-18T09:35:34+00:00\",\"author\":{\"@id\":\"https:\/\/www.suretegrity.com\/blog\/#\/schema\/person\/b1928a26a26c1c35cb64d5a716387b04\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.suretegrity.com\/blog\/collection-agency-bonds-3\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.suretegrity.com\/blog\/collection-agency-bonds-3\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.suretegrity.com\/blog\/collection-agency-bonds-3\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.suretegrity.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Collection Agency Bonds\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.suretegrity.com\/blog\/#website\",\"url\":\"https:\/\/www.suretegrity.com\/blog\/\",\"name\":\"Suretegrity\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.suretegrity.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.suretegrity.com\/blog\/#\/schema\/person\/b1928a26a26c1c35cb64d5a716387b04\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.suretegrity.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/087fcd0afa836d9ee1d765bfe330e403a19b532c6fc31125788f2fad828d025a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/087fcd0afa836d9ee1d765bfe330e403a19b532c6fc31125788f2fad828d025a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\/\/www.suretegrity.com\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Collection Agency Bonds - Suretegrity","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.suretegrity.com\/blog\/collection-agency-bonds-3\/","og_locale":"en_US","og_type":"article","og_title":"Collection Agency Bonds - Suretegrity","og_description":"If you run a collection agency, securing a collection agency bond is a requirement by the government for a collection agency license. 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