How much does a credit services provider bond cost in Texas?
The Texas Secretary of State requires credit services organizations to post $10,000 surety bonds.
These bonds require underwriting consideration, so the price you’ll pay is based on a review of your personal credit report. Applicants with strong financial credentials could pay as low as 1% of the bond amount, or just $100. Bad credit? No problem! Our experts work hard to get all applicants bonded quickly, easily and for the lowest premium rates available. Apply for your free bond quote now!
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Credit Services Organization Bond||$10,000||Starts at $100||$400-800||$1,000+||Apply Now|
If you’re ready to get bonded, call SuretyBonds.com at 1 (800) 308-358 or fill out our online bond request form. We can provide your free bond quote within 1 business day of submitting your application!
Why do I need this bond?
By posting a credit services organization bond in Texas, principals (credit services organizations) pledge to perform all obligations duties and responsibilities under chapter 393, Finance Code.
If the principal conducts unlawful business, the bond protects harmed parties from financial loss up to the full amount of the bond.
Purchasing the Texas surety bond you need is fast and easy when you work with the experts at SuretyBonds.com. Get started now!
What’s the fine print?
Credit services organization bonds in Texas are continuous until canceled. To cancel the bond, the surety must give the secretary of state written notice of cancellation at least 60 days prior to the effective cancellation date.
The address of the principal (credit services organization) must be listed on the surety bond form.
How to become a credit services organization in Texas
To become registered as a credit services organization in Texas, applicants must submit the following to the secretary of state:
- completed registration application
- proof of security or a statement explaining why proof of security is not required
- registration fee
Each registration is effective for one year and can be renewed.
Ready to get started?