Florida Credit Services Organization Bond

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What is a credit services organization bond?

Credit services organizations (CSOs) in many states, including Florida, must post a surety bond to operate. The bond offers credit service consumers and the state protection from financial harm due to unethical business practices. The bond ensures that CSOs follow state laws and industry regulations.

Get Your Credit Services Organization Bond:

What does a Florida credit services organization bond cost?

ZipBonds offers this $10,000 bond for only $100 a year. You can purchase your bond online today.

Who needs this bond and why?

The Florida Department of Financial Services requires CSOs in Florida to post a $10,000 surety bond. This bond protects the interests of a CSO’s customers and the government.

The Florida Statutes defines a credit services organization as “any person who, with respect to the extension of credit by others, sells, provides, performs, or represents that he or she can or will sell, provide, or perform, in return for the payment of money or other valuable consideration, any of the following services:”

  • Improving someone’s credit rating, record, or history
  • Obtaining an extension of credit for a buyer
  • Giving advice or assistance regarding the first two points

Frequently Asked Questions

Yes, you must renew your bond annually. Ensure you renew it before it expires each year to continue operating your business.

The easiest way to avoid claims is to follow the laws in your state for your industry. The Florida Statutes contains a complete list of prohibited acts for CSOs in the state. Working professionally, addressing consumer complaints, and resolving them quickly can help avoid claims.

How to Get a Credit Services Organization Bond in Florida

ZipBonds offers the fastest and most secure option for getting the surety bonds you need. Our all-digital platform is intuitive and straightforward. Apply online or call us at (888) 435-4191 to speak with an agent. Most of our bonds are approved and processed immediately from our site.


About ZipBonds.com

Founders Ryan Swalve and Zach Mefferd formed the vision for ZipBonds.com when they realized how overly complicated it was to help clients place surety. The frustration of being unable to incorporate the technology they’d used in other insurance-focused projects left them thinking “there has to be a better way.”

Fast forward a couple of years, and that better way is the impetus of everything we do at ZipBonds. We constantly look for innovative ways to improve the bonding process for our clients and agents. Our team comprises individuals who understand all angles of surety – for companies, agencies, and individuals. Incorporating everyone’s point of view to improve the process while simultaneously integrating cutting-edge technology is what sets our business apart.