Any person or merchant who, in return for money or other valuable consideration, provides services to improve a buyer's credit record, history, or rating; arranges for or obtains an extension of credit for a buyer; or provides advice or assistance regarding these activities. Required when: Before acting as a credit se…
Overview
What it is.
Any person or merchant who, in return for money or other valuable consideration, provides services to improve a buyer's credit record, history, or rating; arranges for or obtains an extension of credit for a buyer; or provides advice or assistance regarding these activities. Required when: Before acting as a credit se…
Who usually needs it
Any person or merchant who, in return for money or other valuable consideration, provides services to improve a buyer's credit record, history, or rating; arranges for or obtains an extension of credit for a buyer; or provides advice or assistance regarding these activities.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateWIBond amount$25,000Term lengthContinuousObligeeWisconsin Department of Financial Institutions - Division of Banking (Bureau of Consumer Affairs)RenewalWhile the bond itself is continuous until canceled, the Credit Services Organization registration expires on December 1 of each even-numbered year. Renewal requires submitting a renewal application, a $100 renewal fee, …Bond classLicense BondCategoryFinancial ServicesBondCredit Services Organization BondStatutory referenceWis. Stat. § 422.502(3)JurisdictionState
