Credit Services

Who requires this bond: State of California Secretary of State 1500 11th Street, Sacramento, CA 95814

What is the bond amount: $25,000 or $100,000 as determined by the Secretary of State

What are the application requirements: A completed application.

What is the cost: The premium rate is 1-2% of the bond amount.

Additional Information: This bond is required by the California Sercretary of State office. A credit services organization helps people improve their credit score, offers advice on getting a loan or extension of credit of any kind in return for payment is required by the state to post this bond. The bond term is two years so the quote provided will be for two years, then the bond will come up for renewal. At renewal the bond can be shopped for a better premium rate. This surety bond is required to protect customers if the organization purposely harms the person’s credit score/rank.