What Is a Missouri Credit Service Organization Bond? 

A Missouri credit service organization (CSO) bond protects clients from harm due to fraudulent or negligent practices. 

The state Division of Finance (DoF) requires this type of license and permit bond for credit repair companies that accept prepayment for their services.

How Much Do Credit Service Organization Bonds Cost in Missouri?

The Missouri DoF requires most CSOs to file a $10,000 surety bond. The bond premium costs a flat rate of $100 — no credit check required! 

Or, you can select a multi-year term at checkout to save 25%, making your premium as low as $83 per year of coverage. 

How Does a Missouri Credit Repair Company Bond Work?

A Missouri credit repair company bond is a legal contract between three parties:

1. Principal: The credit service organization purchasing the bond
2. Obligee: The Missouri Division of Finance requiring the bond
3. Surety: The provider issuing the bond

Under this contract, you, as the principal, promise to uphold Missouri Statutes 407.635–407.644.

If you break the bond terms, harmed parties can file claims on the bond. The surety will validate and pay claims up to the full bond amount. However, you are ultimately responsible for refunding the surety.

Who Needs a Credit Service Organization Bond?

In Missouri, most organizations that charge an upfront fee for the following services must register with the DoF and file a surety bond:

• Improving a client’s credit record or score
• Assisting with obtaining an extension of credit

Certain institutions are exempt from registration under Missouri Statute 407.637. 

CSOs can establish a surety account with cash collateral instead of a bond. However, a surety bond is often the most affordable option, requiring only an upfront premium. 

How Do I Get a Credit Repair Company Bond in Missouri?

SuretyBonds.com provides the fastest and easiest way to get a credit repair company bond. Just follow these simple steps:

1. Enter Information: Fill out the quick request form in our online portal
2. Pay Invoice: Complete your purchase online or over the phone
3. Receive Bond: Receive your official bond form via email

Upon receipt, sign and file the bond documentation with the DoF.

How Fast Can I Get My Bond?

SuretyBonds.com offers instant Missouri credit service organization bond delivery 24/7. Purchase now to receive your official bond in minutes.

Can I Get Bonded With Bad Credit? 

Yes, this bond does not require a credit check! 

All applicants are automatically approved at the same price, regardless of credit score. 

How Do I Renew My Credit Service Organization Bond?

Missouri credit service organization bonds expire annually. When you work with SuretyBonds.com, we’ll send you reminders and a renewal invoice before your bond expires. 

To renew your bond, just pay the premium — we’ll do the rest!

Note: You must maintain an active bond policy for two years after ceasing business operations. However, the surety or the DoF can cancel the bond at any point by giving a 30-day written notice of cancellation.