The North Carolina credit services organization bond is a $10,000 surety bond required of credit repair companies in the state. Please call AmeriPro Surety Bonds today at 844-589-9732. We will work to find you the best surety bond pricing.
North Carolina Credit Services Organization Bond|
AmeriPro Surety Bonds | 844-589-9732
***We are currently not a market for this bond.***
Credit Repair Companies – North Carolina
AmeriPro Surety Bonds is not connected to, either directly or indirectly, any local, state, or national groups involved in any way with the credit repair industry. All customers or potential customers are judged individually, based solely on meeting the criteria of having “good credit” to qualify for surety bond approval where required.
North Carolina companies organized under the CROA (Credit Repair Organization Act) and the FCRA (Fair Credit Reporting Act) are required to furnish evidence of obtaining a $10,000 surety bond in order to lawfully operate in the state.
The bond is issued for the benefit of the people of North Carolina.
AmeriPro Surety Bonds provides this bond as a both a new/first time and renewal surety bond.
North Carolina Credit Services Organization Bond: The Premium
The premium, or the price that you will pay for the $10,000 North Carolina credit services organization bond will be determined by the following:
- Information provided by you as part of the short surety bond application;
- Your own personal credit score.
An applicant with very good credit may expect to pay anywhere between 2-5% annually for this surety bond; however the amount that you will pay will largely be determined by your credit score.
Therefore, it may vary somewhat from these figures.
As a surety bonds entity, AmeriPro Surety Bonds will work to find you the best surety bond premium.
Duration of the Bond
The NC credit repair surety bond is active for one year from the date of issuance.
According to current state law, a surety bond or its equivalent must remain on file as a condition of operating in the state.
North Carolina Credit Services Organization Bond: The Purpose
The purpose of this surety bond is to solely for the protection of any customers.
Credit repair companies in North Carolina are statutorily governed by the Credit Repair Services Act, Article 30.
The bond protects the public from any breach of contract on the part of a credit repair company operating in North Carolina; or, any violations of the North Carolina Credit Repair Services Act.
As such, while this bond is required of you, its benefit is solely for your current and potential customers.
Any claims paid against a credit repair bond are also your responsibility. What this means is that you would be required to reimburse the surety in full for all costs and fees paid in the satisfaction of any claim.
About Us
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, contractor, court, and fiduciary surety bonds throughout North Carolina.
Our agency also provides surety bonds nationwide.
We look forward to helping you obtain the best surety bond pricing for your credit repair company.
Please call AmeriPro Surety Bonds today at:
844-589-9732
Or, you may fill out our form below and an agent will contact you.
