The cost of credit service bond varies, depending on the state and your credit score. The exact cost of your bond depends on two factors
- The required bond amount
- Your credit score
The required bond amount is determined by the specific state where your credit service organization operates
The higher your credit score, the less costly the bond is.
The bond premium could vary anywhere between 1% to 4% of the bond amount, based on the credit score of the owner of the credit service organization.
For example, a Texas credit service organization costs $100 whereas a California credit service bond can cost as much as $2,500
