Louisiana Credit Repair Services Bond |
AmeriPro Surety Bonds | 844-589-9732
***We are currently not a market for this bond.***
Please note: Our agency takes a $75 application fee for the Louisiana credit services organization bond. Applicants who are approved for this bond and who purchase it, will have the $75 fee applied to their remaining balance of $1425. Please also note that our agency only approves those applicants who demonstrate “good credit” upon a soft credit inquiry.
Louisiana credit repair companies, or credit repair companies outside of Louisiana doing business in Louisiana, are regulated by the state’s Credit Repair Service Organization Act.
According to the Act, any credit repair business before conducting business in Louisiana must submit evidence of a $100,000 surety bond to the state’s Attorney General Office. The requirement is a rule of the state’s Department of Justice.
Qualifying for the LA Credit Services Surety Bond
To obtain a Louisiana credit repair services bond, you will submit a surety bond application (which our agency can take from you over the phone), and submit to a credit inquiry. Our agency uses a “soft pull” inquiry which will not affect your credit or FICO score.
If you are approved for this bond, the premium will be $1500 annually.
Once issued, the a copy of the bond can be emailed to you and the original surety bond will be sent to you by the following business day.
Applicants who have been in business for 3 years or longer, with the same business name and location, and who meet other easy qualifications, may qualify for this bond (at the same price) without a credit inquiry. Please call our agency for more details.
Additional Premium Payment Options
At $1500, the Louisiana credit repair services bond is active for one year. You will have to renew the bond after the year (along with a separate credit inquiry).
You also have the option to prepay your bond for 2 or 3 years. Besides increasing the intervals between premium renewals, prepayment of your credit services bond offers a savings over year to year renewal of the bond’s premium.
The breakdown for premium amounts and the savings are as follows:
- Prepayment of 2 years, $2700, a $300 savings;
- Prepayment of 3 years, $3900, a $600 savings.
Purpose of Your Surety Bond
The credit repair services bond is a financial guarantee that you ensures that you will be in compliance with the LSA-RS 9:3573.4 and any future amendments or additions to the law.
AmeriPro Surety Bonds if a surety bonds-only agency which provides license and permit bonds throughout Louisiana.
Please call our agency today at:
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