Debt Settlement Providers operating in the State of Illinois are required by the State of Illinois Secretary of the Department of Financial and Professional Regulation execute an Illinois Debt Settlement Provider Bond to ensure compliance with licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Illinois Debt Settlement Provider Bond holds you accountable for your business decisions.
By possessing an Illinois Debt Settlement Provider Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.