Requirements for AR Collection Agency Bonds
Collection agencies in Arkansas must obtain a surety bond as part of the licensing process. The bond amount is typically $10,000 and helps protect consumers from unethical or illegal practices by collection agencies.
To apply for an AR collection agency bond, you'll need to provide basic business information and undergo a credit check. The cost of the bond will vary based on your credit score and financial history.
Benefits of Working with Single Source Surety
Single Source Surety specializes in surety bonds for collection agencies and other businesses in Arkansas. We offer competitive rates and fast turnaround times for bond approvals.
Our experienced team can guide you through the bonding process and help you meet all state requirements. We work with multiple surety companies to find you the best bond option for your situation.
