A Credit Repair Surety Bond is a license and permit surety bond required by certain jurisdictions. Credit Repair companies are similar to Debt Management, Debt Settlement and Credit Counseling Companies in that they often provide advice and assistance to consumers on how to extend credit, reduce or combine creditor payments and even negotiate with creditors to reduce the amounts owed or interest charged. However, Credit Repair companies also claim to improve consumers’ credit rating, history and record. Because of the bonds must both guarantee the debt management services and credit repair claims, these bond are sometimes harder to place than those for companies that don’t make credit repair claims.
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