Wisconsin Credit Services Organization Bond |
AmeriPro Surety Bonds | 844-589-9732
Credit Repair Companies – Wisconsin
Wisconsin credit repair companies are regulated by the state’s Department of Financial Institutions. In order to lawfully operate a credit repair business in the state, you must be licensed . Your business entity must also furnish evidence of a current surety bond.
The same department also provides a list of current registered companies who have complied with these rules.
Our agency provides you with the surety bond required at one low price, and without a credit inquiry.
Amount of Surety Bond Required, the Premium, and Qualifying
The Wisconsin credit services organization bond is a $25,000 surety bond require by statute. The cost to you as provided by our agency is just $250 a year.
The process is very easy: After completion of an application and payment of the annual premium, the bond is issued to you by our agency immediately. There is no business or personal credit inquiry invovled.
To that end, an emailed copy of the surety bond can be sent to you at no additional charge, and the original surety bond with the wet signature will be mailed to you the same or the following business day.
Additional Payment Options
Besides the annual premium of $250, the Wisconsin credit services organization bond can be prepaid for 2 or 3 years. While entirely up to you, prepayment of this credit repair bond offers you a savings over year to year renewal.
The breakdown of the prepayment of premium options are as follows:
- If the Wisconsin credit repair bond is prepaid for 2 years, the premium is $450;
- If you choose to prepay the bond for 3 years, the premium is $650.
The Surety Bond’s Purpose
Your $25,000 Wisconsin credit repair bond is a financial guarantee that you will be in compliance with all laws and statutes – federal and state – concerning credit repair services.
More specifically, the bond guarantees your compliance with Subchapter 5 of the Wisconsin State Legislature, as also any future amendments or additions to this law.
As principal of your surety bond, you must indemnify the surety in the event that any claims are paid against your surety bond; however, the aggregate total of any such liability, excluding attorney costs and fees, will not exceed the sum total of the bond.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, and fiduciary bonds throughout Wisconsin.
Our agency also provides surety bonds nationwide. Please call us today at:
Or, you may fill out the form below and an agent will contact you.