Credit Service Organization Surety Bonds: What You Need to Know
What is a Credit Service Organization?
A Credit Service Organization (CSO) is a business that provides different credit-related services to consumers. This services include credit counseling, credit repair, debt management, and credit education. These organizations typically assist consumers in improving their credit scores, managing their debts, and obtaining loans or other credit products.
Why do Credit Service Organizations need a surety bond?
Many states require CSOs to obtain a surety bond to operate legally. A surety ban can also pro...Read More