
Payday Loan Bonds assure that the loan company will operate within the rules and regulations set forth by the governing state. Payday Loan Bonds are required by some states for licensing purposes.
Due to certain negative stigmas that the payday loan industry carries, some surety companies use higher rates to cover their “risk”. Few payday loan companies have created that stigma and unfortunately many bond agents assume that these bonds are expensive and hard to place. Due to our volume of bonds written and our market exposure, we realize that the majority of payday loan companies are a reasonable bond risk and we have surety companies on board that feel the same way.
Please give us a call or fill out our sixty second bond application and we will be glad to help you place your Payday Loan Bond at the industry’s lowest rates.