What Is a Credit Repair Services Agency Bond?
North Carolina credit repair services agency bonds protect consumers from damages due to unlawful or unethical actions by credit repair companies. They are a type of license and permit surety bond.
A $10,000 surety bond is necessary for any business performing the following types of credit services:
- Repairing consumer credit records
- Getting revolving charge card credit or retail installment credit
- Offering credit rating assistance to consumers
How Do They Work?
Credit repair services surety bonds create a legally-binding contract between three parties:
- Principal: The credit repair agency purchasing the bond from the surety
- Obligee: The North Carolina Secretary of State
- Surety: The surety provider issuing the bond to the principal
Within this contract, the credit agency is responsible for upholding the bond terms. If they fail to do so, the obligee can file a claim to recover damages. The surety guarantees payment for these claims.
How Much Do Credit Repair Services Agency Bonds Cost?
The $10,000 North Carolina credit repair agency bond costs a flat rate of $100. No credit check or application required! Click Buy Now to get started.
How Do I Get a Credit Repair Services Agency Bond in North Carolina?
Working with SuretyBonds.com is the fastest and easiest way to get your credit repair services agency bond. We issue these bonds instantly with no application required. Simply enter your information and checkout online in minutes.
We'll email the physical bond form. Remember to sign and submit the bond to the address below:
North Carolina Secretary of State, Business Registration Office
PO Box 29622, Raleigh, NC 27626-0622
How Fast Can I Get My Bond?
You can get your credit repair agency bond as quickly as tomorrow with SuretyBonds.com! Buy now and select overnight shipping at checkout.
Same-day service is only available on weekdays.
How Do I Renew My Bond?
North Carolina credit repair agency bonds expire annually. However, if you pay your renewal invoice, your SuretyBonds.com account representative will provide a continuation certificate. You can file this with the Secretary of State to extend your bond term for another year.
